9 Tips to Improve Your Cyber Security

Every day we hear more and more about identity theft in the news. People are the weakest link in securing data. Just one error can cause you pain with securing your identity and repairing your credit. Consider these cyber security tips. Individuals and businesses are at risk Both groups are attractive targets to hackers. We […]

2017 Snapshot Summary of the Tax Cuts & Jobs Act

By Solomon Ojudoh, CPA, CGMA, MBA On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” This new tax law entirely changes the landscape for what tax practitioners called Section 26 of the US Code (IRS Code). No time to waste anymore. Please reach out to us for strategic […]

Effective Communication in Today’s Business Environment

In today’s busy, fast paced business environment, people are used to instant results. This carries over into the way we communicate with each other. Instant communication manifests into instant satisfaction through texts and emails. But, today’s modern technologies tend to lend themselves to short, quick communication which doesn’t always include everything you want to convey […]

New Accounting Rule ASC 606 Will Greatly Impact Franchisors And Consultants

Rule ASC 606 The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board recently jointly issued rule ASC 606 known as “Revenues From Contracts With Customers”.  ASC 606 has the potential to dramatically change the franchise industry.  In a nutshell, this new rule governs when the franchise fee can be recognized (from an accounting […]

Cash vs. Accrual Basis of Accounting – Part One Financial Reporting

The primary difference between the two principal business accounting methods for financial reporting purposes, cash basis accounting and accrual basis accounting, is the point in time when revenue and expenses are recorded. When using the cash basis method, revenue is recorded when payment is received from customers and expenses are recorded when payment is made to vendors […]

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