This article explains how hiring family members can have their strengths and weaknesses. It is much easier to hire a family member rather than a stranger because each person can usually be reliable and dependent on the other. However, in order to keep a happy family, there are several
This article discusses how running a small business can be a difficult task, especially when managing your most important asset, the employees. However, by following tips such as upgrading your onboarding checklist software, rewarding employees for their experience, running effective remote meetings, and inspiring through positivity, this task can
This article discusses how many start-up businesses eventually fail, but by utilizing the eight strategies outlined in this link, you will give your start-up business the best chance possible at succeeding and even flourishing. For example, spending the necessary time developing a marketing strategy is essential to engaging your
In this article, a survey was conducted by Oracle NetSuite to get insights from numerous executives about the importance of each role and their communications skills. The survey “polled small and midsize company leadership in four categories: CFOs, nonfinance executives (other members of the C-suite), finance managers, and nonfinance
This article explains how shoplifters are stealing thousands of dollars from big and small retailers, and how the smaller retailers are handling the situation. Derek Friedman, a small business owner, says that since 2019 shoplifting has been a big financial issue with losses totaling over $200,000. Friedman also said
This link offers a comprehensive breakdown of the small business industry as it stands in 2022. For example, graphs displaying emerging trends, the effect of the pandemic, and hiring numbers are all included. Small businesses are often viewed as the lifeline of America, and these numbers back up that
According to research by Family Enterprise Foundation, younger generation owners are the most committed to preserving the family business. A survey found that “97 percent of next-generation respondents consider it important to sustain the family business, while only 74 percent of senior-generation respondents feel the same.” The importance placed
One major impact of the coronavirus pandemic on the nonprofit sector was a marked acceleration of technological investment. For many organizations, digital transformation has been the key to surviving—and even thriving—in the face of difficult circumstances, explains Ken Tysiac in a recent article for the Journal of Accountancy. Furthermore, Tysiac
Retaining team members in the current labor market is a challenge for most employers, but especially for nonprofits, writes Ken Tysiac in a recent article for the Journal of Accountancy. Many nonprofits experienced a decrease in funding as a result of the pandemic, which makes raising pay difficult. Tysiac suggests
After repeated delays, new lease accounting rules—ASC 842—introduced in 2016 are finally in effect as of December 15, 2021, writes Denise McKnight, CPA in a new article from The NonProfit Times. The goal of ASC 842 is to “increase transparency and comparability among organizations.” Nonprofit leaders seeking
June 30th is quickly approaching, which means nonprofits need to be preparing for the close of their financial year and the annual audit that comes with it. In a helpful article published by The NonProfit Times, author Christine Hall, CPA offers five recommendations for nonprofits looking to start preparing now
The landscape of nonprofit operations is changing, show the results of the fourth edition of the Nonprofit Trend Report, published annually by Salesforce.org. A recent article from The NonProfit Times offers a helpful summary of the report’s findings. To learn more about the role that nonprofits play in their communities,
This article discusses a variety of trends that small businesses should either be focusing on or not as we continue along in 2022. For example, this link lists shipping status, waiting for the new normal, and the meta-verse as overrated trends that your small business should not be too
This article explains the importance of keeping your estate plan up to date, especially since people are living longer and need more options in their documented life. Three sections in your estate plan that should be examined several times include digital assets, guardianship designations, and appropriate names in the
Seim Johnson is pleased to announce that the firm was recently named in Accounting Today’s annual “Top 100 Accounting Firms and Regional Leaders” publication.
“I am incredibly honored that Accounting Today chose to include Seim Johnson on their list of Midwest Regional Leaders,” said Jerry O’Doherty, CPA, CGMA, managing partner
This article discusses how fraud is one of the most concerning topics for start-ups and small businesses alike due to the highly digitalized world that we live in today. It is so prevalent that “organizations report losing 5 percent of their annual revenue to fraud.” For a small business,
This article explains the challenges that businesses face when dealing with remote workers. Mobility managers may face numerous tasks, including understanding complex and evolving rules for tax, immigration, and other legal purposes. Mobility managers also will need to communicate risks and information requirements to business units and their mobile
This article discusses how 2022 is a viable year for most small businesses as they continue to rebound from the coronavirus pandemic. A recent report shows that attracting new customers is the top challenge for most small businesses. However, utilizing trends such as shifting customer expectations, focusing on happy
This article discusses how the coronavirus pandemic accelerated many trends that we see today in the workplace. Specifically for start-ups, it is important to take advantage of these trends to stay competitive. For example, trends such as embracing the fact that hybrid and remote work are here to stay,
This article discusses how most companies today rely heavily on the Internet and other technology to operate. Although these tools are vital and can be useful, they also pose the threat of cybercrime. However, by utilizing strategies such as encrypting your data, investing in artificial intelligence, and utilizing your