If You Get a Letter From the IRS – Don't Panic!

May 15, 2017

It can be very scary — you go to retrieve your mail, and among the usual bills and junk, there is a plain white envelope with the return address: Treasury Department – Internal Revenue Service. The first thing the IRS advises anyone to do if ...

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What Is the Future of CRM? – A Look at the Top Trends in the Industry

May 15, 2017

In the complicated and hype-riddled world of enterprise IT, few systems are more important than customer relationship management software (CRM). Long gone are the days when everything was written down by hand or kept in poorly organized spreadsheets. ...

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Getting Tactical Key in Ensuring Employee Buy in to Paperless Changes

May 12, 2017

The idea of going paperless can be very attractive to a business at a macro level. However, while organizations get excited about cost savings and productivity gains, employees may be left thinking that it is just another big corporate change that wo ...

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Accounting Standards Codification Topic 606 - Revenue from Contracts with Customers

May 12, 2017

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606 or ASC 606). This ASU introduces a new comprehensive model for revenue recognition, wh ...

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FASB Issues Updated Guidance on Modification of Share-Based Payment Awards

May 11, 2017

On 10 May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718) — Scope of Modification Accounting. The FASB issued this ASU to provide clarity, eliminate diversity in practice and reduce cost and complexity when appl ...

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SEC Issues No-Action Letter for Broker-Dealers Regarding Operating Lease Liability

May 10, 2017

In 2016, The Securities and Exchange Commission (SEC), released a “no-action letter” providing relief to broker-dealers from the effects of the Financial Accounting Standards Board’s (FASB) previously issued new accounting standard ...

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How to Overcome Your Reluctance to Run a Paperless Office

May 10, 2017

Although the concept of running a paperless office has been around for decades, many businesses are still hesitant to make the change. Naturally, you might still be reluctant to do so, which is why in this article we’re going to address your co ...

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Are You Aware of The Benefits of Doing Business in Puerto Rico?

May 9, 2017

With all of the news reports of a financial crisis in Puerto Rico, it might surprise you to hear that there remain significant opportunities and advantages to doing business on the island. For decades, Puerto Rico has been proactive in establishing t ...

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How to Leverage CRM to Revamp Your Recruiting Process

May 8, 2017

Customer relationship management (CRM) systems such as Microsoft Dynamics are intended to provide a centralized database containing customer information, sales history, and potential sales opportunities. Before dedicated and increasingly sophisticate ...

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Are You More Vulnerable Than Others to be Audited?

May 5, 2017

IRS data indicates that less than 1% of all individual income tax returns are audited each year. That’s true, but some taxpayers are more vulnerable than others. For starters, the IRS is more likely to audit taxpayers who report higher incomes ...

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