New York State Employers Need to Begin Withholding for Paid Family Leave

Aug 2, 2017

In 2016, New York State Governor Cuomo signed a law, which once fully implemented, will provide New York Workers with the nation’s longest and most comprehensive Paid Family Leave benefits (PFL). Insurance coverage for Paid Family Leave must be ...

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The Impact of Topic 606 on Disclosures, Accounting Policies, and Internal Controls

Aug 2, 2017

On May 12, 2017, MBAF released an advisory addressing changes under the new revenue recognition standard (Topic 606) and the steps that organizations should consider as they develop implementation plans (MBAF’s Topic 606 Advisory). Today, as ma ...

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Small Business Corruption: Know the Warning Signs

Aug 1, 2017

Corruption is all too frequent in small businesses — especially involving government contracts. In 2016, the Association of Certified Fraud Examiners reported that it takes 18 months for companies to uncover fraud schemes — and corruption in part ...

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Drive Sales with the Dynamics 365 and LinkedIn Integration

Jul 31, 2017

As we already know, cold calling and cold emailing has faded as a feasible way to acquire customers. While it may have worked in the past, today’s buyers are well-informed and prefer to work with firms that understand their needs. For this reas ...

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Does the "Responsible Party" in a Foreign-Owned LLC Require an ITIN?

Jul 28, 2017

Certain taxpayers need to acquire an Individual Taxpayer Identification Number (ITIN), for filing their income taxes. Generally speaking, ITINs are obtained and used in circumstances where a person who is filing income taxes, or is included on a tax ...

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Don’t Forget to Take Advantage of Florida’s Tax-Free Weekend 2017

Jul 21, 2017

Florida’s popular Sales Tax Holiday starts August 4th! Just in time for “back to school” savings, Florida will have a “Sales Tax Holiday” scheduled to start on Friday, August 4th, 2017, at 12:01 a.m. and will end Sunday, ...

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Financial metrics at your fingertips - Using dashboard reports to keep your loans on track

Jul 20, 2017

Typically, lenders must wade through detailed financial statements and footnotes to get a sense of a borrower’s financial status at a given moment. But especially when a company is floundering or in between reporting periods, it’s helpful ...

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Dynamics GP: On-premises or Hosted?

Jul 19, 2017

Implementing Microsoft Dynamics GP is one of the most beneficial investments a company can make. By integrating financial management with workflow automation, inventory, and analytics, Dynamics GP can dramatically enhance business performance. Over t ...

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The Four Nightmares Keeping Small Business Owners Up At Night

Jul 12, 2017

Starting a business is a huge achievement, but keeping it running and making it successful are the real challenges. Reports from the US Bureau of Labor Statistics show that 20 percent of small businesses shut down by the end of their first year, and ...

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No Employees? Get a Solo 401(k) Plan

Jul 11, 2017

Among major corporations, 401(k) plans have become common, but even the smallest of businesses can have a 401(k) plan for retirement. One-participant 401(k) plans, known by names such as Solo 401(k) and Uni-k, are available. For some business owners ...

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