In May of 2014, the Financial Accounting Standards Board (FASB), in conjunction with the International Accounting Standards Board (IASB), issued new financial accounting standards to improve and clarify the principle for recognizing revenue and to enact a common revenue standard for U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS). The core…
A new study found that many employees believe that paid time off should be included in their benefits package. Although benefits packages differ from business to business, it may satisfy your employees to know that some PTO is available. In an article from Inc. author Brenda Barbosa writes, “According to a survey by TSheets, 88…
In the business world today your business can either be known as a disruptor or the disrupted. Success in any industry relies on a CEO’s ability to see changes in the market and react accordingly. When CEO’s fail to react, and therefore become disrupted, businesses trend downward. In an article from Inc. author Gordon Tredgold…
The era of using paper processes is coming to an end. Businesses are switching to technological advances that allow them to ditch paper. But not every business is opting to get rid of paper processes. Why is that? In an article from Small Biz Daily author Nick Candito writes, “In many companies the paper trail…
Creative differences in the workplace can lead to messy situations. While some differences have easy resolutions, there can be times when both parties cannot find common ground, leading to a strained and tense workplace. How can both employers and employees resolve these differences? In an article from Entrepreneur, author Will Meier writes, “Creative differences don’t…
Did you know that the IRS uses your social media use as part of their audit determinations? Be careful when you post about how much money you saved during tax season! In an article from Inc., author Steve Mendelsohn writes, “With the IRS suffering a tax collection gap of roughly $300 billion per year, the…
Did you know that employers claim about $1 Billion in tax credits each year under the Work Opportunity Tax Credit Program (WOTC)? The WOTC was formed to encourage employers to hire those looking for work who are apart of target groups such as veterans. In an article from TaxConnections, author Ken May writes “WOTC is…
In every business, those who can tackle problems rather than complain about them are bound to succeed. Problem solvers, not whiners, always end up winning in business. In an article from Entrepreneur, Jill Schiefelbein writes, “In the workplace, constant complaints have negative consequences that reach into multiple areas of productivity, camaraderie, leadership and culture”. But…
As graduation season comes to an end, there is a renewed sense of motivation from those who are beginning their careers. These graduates are not from the Millennial generation, but rather are their own new generation who bring independence, competition, and motivation from the fear of missing out to the workplace. Ken Tysiac article in…
Marketing strategy, like all aspects of business, is an important part in running a successful company. While starting a new marketing strategy can be fun, they cannot be successful without hard work and dedication. In an article from Entrepreneur, Samuel Edwards writes, “Successful marketing campaigns don’t just appear out of thin air. A lot of…
