3 Myths of Small Business Success

By |2021-08-04T16:35:49-05:00July 27th, 2021|Advisory, Cash Flow, Goals, Internal Control, KPIs, Preparation, Process Optimization|

  Applications for new businesses have increased over the past year. This is good news, as small businesses drive our economies and bring growth to our communities. But starting a new business isn’t an easy road—22% of small businesses fail within the first year, and 50% fail within the first five years. And with so [...]

Common Plan Errors and Internal Control Shortfalls

By |2021-07-28T12:55:59-05:00July 19th, 2021|Assurance, Change, Compliance, Internal Control|

  Employee retirement plans are a great benefit to provide to employees of your organization, but the requirements associated with them are very specific and numerous. Many plans fail to meet some of the requirements with design of the plan, or they make operational errors. Usually it’s just an oversight. Both of these can lead [...]

Internal Controls For A Growing Organization

By |2021-08-02T15:18:34-05:00July 5th, 2021|Advisory, Internal Control, Nonprofit, Performance Measurement, Process Optimization|

Think back to when you first started your organization. Responsibility sat on a director or small group of individuals to promote, produce, and account for the organization’s mission. Each task was approached with a “whatever-it-takes” mentality. Everyone was in touch with what was happening, identified areas of improvement, and felt confident in the direction of [...]

Have Your Internal Controls Grown With Your Business?

By |2021-07-28T12:58:01-05:00May 10th, 2021|Advisory, Internal Control, Performance Measurement, Preparation, Process Optimization|

  Think back to when you first started your company. Responsibility sat on your shoulders to promote, produce, and account for your business. You approached each task thrown your way with a “whatever-it-takes” mentality. You were in touch with what was happening, identified areas of improvement, and felt confident in the direction you were heading. [...]

5 Blind Spots To Avoid When Scaling Your Nonprofit

By |2021-04-08T11:09:35-05:00March 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  As your organization grows and scales, there are blind spots that sneak up on you. Things were going well in your organization; you were cruising along, enjoying the growth and sustainability and then … BAM! New problems and opportunities seemingly come out of nowhere. Each stage of an organization (startup, growth-stage and maturity) has [...]

5 Blind Spots to Avoid When Scaling your Business

By |2021-04-08T11:09:20-05:00February 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  Growing a business is a lot like an amusement park. It’s exciting, fun, overwhelming and nauseating. It’s a roller coaster of fear, confidence, joy and panic. It’s a tilt-a-whirl of influence, innovation, and concern. The growth stage of business can be a wild ride, especially when the growth occurs rapidly. This array of emotions [...]

3 Steps To Improve Process Optimization Within Your Business

By |2021-01-22T16:53:42-06:00January 20th, 2021|Advisory, Goals, Internal Control, Process Optimization|

  It’s easy for inefficiencies to become the norm, especially during periods of growth. During these times, it’s common to focus on growing gross revenue, which is important; however, there are many processes in your business that eventually boil that revenue down to your net revenue, which represent the true results of your efforts. Do [...]

3 Steps To Improve Process Optimization Within Your Nonprofit

By |2021-01-22T16:54:10-06:00January 6th, 2021|Advisory, Goals, Internal Control, Process Optimization|

  It is easy for inefficiencies to become the norm, especially during periods of growth. During these times, it’s common to focus on growing revenue, which is important to support your programs; however, there are many processes in your organization that eat up that revenue, and if they aren’t performed efficiently then they can take [...]

Your Accountant Left – Where to Go from Here?

By |2020-04-01T16:06:13-05:00March 24th, 2020|Advisory, Assurance, Budget, Change, Internal Control, Nonprofit|

  In the current economic and social climate, turnover is inevitable. Talented people land different jobs, move away, or retire. When turnover happens in your accounting department, most organizations experience some uncertainty and concern over the accounting function. You may wonder “how will we produce our financial reports next month?” or “how can we do [...]

Understanding Your Retirement Plan Document and Fiduciary Duties

By |2020-01-16T15:20:09-06:00January 15th, 2020|Assurance, Compliance, Internal Control, Nonprofit, Retirement|

  As a retirement plan administrator or plan trustee, you are responsible for the management and successful operation of the retirement plan, in accordance with the plan document and the Employee Retirement Income Security Act (ERISA), on behalf of plan participants and beneficiaries. Therefore, in serving in these fiduciary roles, it is greatly important to [...]

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