• Real Estate Financial Reporting: GAAP vs. Income Tax Basis

    Whether you’re forming a new real estate entity, or whether you’re considering refinancing an existing one, owners and managers of real estate entities should recognize that this is an opportunity to consider changing their financial reporting method. New lender requirements can often be negotiated, and a possible change in reporting method may better fit your […]

  • Preventing Occupational Fraud

    Occupational fraud is much more common than most CEOs think. According to the Association of Certified Fraud Examiners Inc.’s “2018 Report to the Nation on Occupational Fraud and Abuse,” businesses worldwide lost over $7 billion to fraud in 2018.  Moreover, small- and medium-sized organizations seem to be at higher risk. The median loss of identified […]

  • 7 Wasteful Habits That Stifle Productivity (and Profitability)

    If efficiency is one of the primary drivers of profitability, why do so many businesses waste assets—physical, financial, and human—with such regularity? Solving this age-old problem is the basis of “lean production,” a modern offshoot of the Toyota Production System (TPS) which was the management/production efficiency philosophy made famous by Toyota Motor Corporation. Lean production […]

  • Future Proofing Your Business

    Today’s business environment is ever-changing, highly competitive and fast-paced. It is difficult to succeed in this environment if you don’t have the right tools to navigate it. With technology in a state of constant evolution, businesses can struggle to keep up with trends and stay competitive. Because the world is getting smaller and global markets […]

  • How New Accounting for Leases Will Impact Your Business

    There’s been lots of back and forth about the merits and drawbacks of off-balance sheet accounting, but no matter which side of the argument you’re on, a new standard for lease accounting has been established and it will affect your business. As demands for transparency in financial reporting rise, all leases—from office equipment to warehouses […]

  • 6 Strategies to Increase the Sale Value of Your Business

    No matter how successful your organization is and how proud you are of the business you’ve built, there will come a day when you’ll need to step aside. Whether you sell the business to a private buyer or decide to go public, relinquishing control of a company you founded and have nurtured since day one […]

  • Simplify Your Planning Process, Starting Now

    Whether your business is big, small, private, or public, clear and measurable goals are the path to true success. But too often business owners fall into the trap of outlining a detailed plan…then never referring to it again. Even with the best of intentions in place, many businesses slip back into old, inefficient ways—until the […]

  • Corporations Win Under the New Corporate Alternative Minimum Tax

    Recent amendments to the corporate alternative minimum tax (“AMT”) have simplified the business tax preparation and filing process, and have created opportunities to re-inject cash back into corporations. Prior to the 2017 Tax Cuts and Jobs Act, corporations were forced to conduct two calculations on corporate income tax. The first calculation determined the tax burden […]

  • Tax Reform and Real Estate Investment & Development

    December 2017’s tax reform bill changed the taxation landscape dramatically, impacting the entire spectrum of taxpayers, from individual rates to corporate structures. Income taxes generally comprise a significant cost, negotiation point and hot topic for real estate operators, so understanding these changes and how they can impact the after-tax return on investment is crucial. A […]

  • Best Practices for Non-Profits: How to Maximize Every Donated Dollar

    As part of the executive staff of a non-profit, you work hard for every dollar you bring in the door. Since the financials and tax filings of non-profit organizations (NPO) are public information, your contributors are looking carefully at the percentage of funding you spend on program costs versus general and administrative (G&A) expenses and […]