It is hard for most businesses to keep track of all their set goals, especially if they were set at the start of the fiscal year. This applies to goals for the company at large and the professional goals of your employees. Microsoft recently released Power BI Goals – a new capability designed to augment…
Share This quarterly newsletter will encompass timely insights relevant to your dealership. In this edition, we dive into fringe benefits, cybersecurity tips, and why multiples are meaningless and as well as an introduction to our Partner, John Noonan. For questions or additional insight, contact Withum’s Dealership Services team to help address your dealership challenges. Dealership…
Share The core of any buy-sell discussion in the automotive retail industry has been “the multiple.” It is talked about regularly in Automotive News and several dealership investment banks like Haig Partners and Kerrigan Advisors who publish quarterly reports. With that being said, typically multiples are likely overemphasized. And in our current environment they’re downright…
Share Captive insurance companies, while recently under regulatory scrutiny, have historically provided significant financial benefits including improved profitability, tax savings, and the ability to accumulate wealth for company owners. At a high level, a captive insurance company is a mechanism for self-insuring through a separately owned insurance company. The operating company pays insurance premiums to…
Share In light of the recent media coverage of the Trump Organization indictment, you may be asking yourself what are fringe benefits and why is this such a big deal? Employers often find employee compensation and fringe benefit issues challenging. Providing an attractive working environment and keeping employees satisfied can sometimes lead to hidden costs…
Share One of the things I commonly see when an organization rolls out Microsoft Teams is the lack of consideration for the actual life cycle of Teams and how it affects their organization in the long run. Generally, organizations create Teams and channels for various projects or initiatives, and then once the work is finished,…
With the increases in technology and innovation in recent years, the landscape of commercial real estate has been gradually changing. The outbreak of COVID-19 only accelerated these latest trends in the market. The pandemic will have a lasting impact on commercial real estate, forcing property owners to adapt and rethink the way they do business….
If you’ve worked with Google Analytics data before, then you know how quickly reports can become a hot mess when customizing data without following specific business rules or best practices. Additionally, collecting and understanding your Google Analytics data when connecting to Power BI becomes much more complex and time-consuming than it should be. In this…
Share On June 21, 2021, the New Jersey Department of Transportation provided further guidance regarding the treatment of PPP loan forgiveness on Indirect Cost Rates (ICR). As has been previously discussed, many state agencies, now including New Jersey, in accordance with FAR 31.201-5, are requiring consultants to credit their ICR for the applicable PPP loan…
Generally, most organizations have some amount of fuzzy, inaccurate, or unclear data floating around their inventory control system, and some may not even have an adequate inventory solution. But every organization should be aware that multiple benefits come with having inventory improvement and management processes in place. Things like: A lack of proper inventory management…