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Turning receivables into cash

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Collecting payment from customers takes time and patience. To bridge the cash gap, consider some creative strategies to monetize outstanding receivables.

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Hiring family members can offer tax advantages (but be careful)

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Business owners: If you’re thinking about hiring your child or spouse this summer (or already have), you could be in line for some tax savings. But you’ll need to be aware of the IRS rules and follow them carefully – we can help.

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FASB votes to exempt private companies from disaggregation of income statement project

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Private companies will be exempt from a coming FASB proposal on disaggregating income statement expenses, but including comprehensive expense disclosures may be a good idea regardless of whether your business is private or public.

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Avoid succession obstacles with a buy-sell agreement

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If your business has multiple owners, we strongly advise building a buy-sell agreement into your succession plan. Learn more about how these agreements work and why they’re important.

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Why Your HR Department Is Critical to the Success of Your Merger or Acquisition

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If your business is facing a merger or acquisition, there are a lot of factors to consider when it comes to the negotiations and financial implications – but don’t underestimate the importance of your HR department in the M&A process.

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discontinued operations

Understanding the basics of discontinued operations reporting

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In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations?

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Questions to ask yourself in business transitions – and baseball

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Regardless of which season you’re in as a business owner, you need to be prepared with a winning strategy well in advance of a business transition.

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Financial reporting

Reporting non-GAAP measures

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GAAP measures can sometimes be too rigid and may not fully reflect the underlying economics of a business. . If you’re supplementing with non-GAAP measures in your reporting, it’s important to be transparent about the adjustments being made.

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Achieving the right balance of working capital

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As inflation and interest rates rise, efficient working capital management is critical. Check out these three keys to lowering your company’s working capital requirements.

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Auditor selection: A critical process for a successful partnership

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Engaging an auditor is ultimately the responsibility of an organization’s leadership. But choosing an auditor can be a daunting task. Here are some tips to help you find and select the right auditor for your organization.

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