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One of the most vexing topics in financial-statement work is defining materiality. I often liken it to “what is important,” “what do the owners or lenders focus on,” “what matters to the board,” and sometimes even “what you wouldn’t want to see as a newspaper headline.” Any one of these seems to make more sense […]
Communicating Through Mergers & Acquisitions
Mergers and acquisitions: they aren’t just multi-billion dollar transactions for the top Fortune 100 companies. Many mid- and smaller-sized businesses are pursuing strategic opportunities to join forces with similar or complementary organizations. It might be something your organization is considering. If so, you have no doubt retained financial advisors, attorneys, accountants, and business consultants. You
SBA awards SU $3M grant to fund entrepreneurship training for veterans
The U.S. Small Business Administration (SBA) today announced that it has awarded a $3 million grant to Syracuse University’s Institute for Veterans and Military Families
How the Little Guys Can Win In Today’s David-and-Goliath Business World
Before the Internet, small companies didn’t stand a chance against the Goliaths. That’s because no war can be won without intelligence and, before the digital era, collecting actionable data and information about one’s competitors, market, and customers cost a lot more than most small businesses — the Davids — could afford. But today, the Davids
Mark Twain said, “What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin“ and Barry Goldwater reflected, “The income tax created more criminals than any other single act of government.“ Einstein and Churchill had their own lowly views on the topic. While we may chuckle and agree with
Raising Capital Via Crowdfunding: A Step Closer to Reality
The JOBS Act (short for Jumpstart Our Business Startups Act) became law in April 2012. One of the more controversial provisions in the JOBS Act was the creation of a new “crowdfunding” exemption from federal and state securities-law registration available for startup and early stage businesses seeking to raise capital. Crowdfunding is the name given
Michael Rotella: A Shining Example of the Entrepreneurial Spirit in Upstate N.Y.
As entrepreneurship flourishes in upstate New York, more examples of success are popping up on the landscape. Achievement comes in many forms and is made up of many different ingredients. However, perseverance is a common theme among successful entrepreneurs. They never give up and they find a way to succeed no matter the obstacles. Michael
Top 10 Things You Should Know About the New Medicare Surcharge Tax
This tax filing season brings a whole new tax to the mix: the Medicare surcharge tax. Since 2013 was the first year that this tax became applicable, taxpayers should pay close attention to its complex and untested rules. This article will highlight 10 areas of the new tax. 1. When does the Medicare surcharge tax
Common Sense Business Tips for Sales Professionals
You cannot manage timeSo much has been written about time management that you hardly have the time to read about it. There are numerous time management programs, processes, and tools. However, you cannot manage time, no matter how hard you try. There are 24 hours in a day and they are ticking away, second by
What to Expect and What to Ask Auditors
“If you have a job without aggravations, you don’t have a job.” — Malcolm Ford 1965 = $5 for small lawns, $10 for large lawns 1966 = Times Union delivery boy = $10 per week 1968-72 = Usher/Doorman at Shine Theaters = $1.60 per hour 1971 = Maintenance crew, Tobin’s Meatpacking = $3.72 per hour, graveyard
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