What to Expect if Recreational Cannabis Passes in New Jersey

By Krysten Hambrook

Over the past several years, New Jersey has had a tumultuous history with attempting to legalize the recreational use of cannabis, in spite of the fact that medicinal marijuana sales have been permitted in the state for some time. However, the vote will be placed in the public’s hands in the upcoming election, potentially adding…

How the Real Estate Industry Can Take a Page From Healthcare

By Krysten Hambrook

There was a time in March 2020, possibly even before the announcement of the global pandemic, when real estate leaders across the globe asked themselves, how are we going to keep our operations functioning? What will our tenants need? What are the short-term and long-term options? Now, business leaders should look to the success of…

The Hospitality and Lodging Industry: Reopening in the New Normal

By Krysten Hambrook

During the height of lockdown restrictions, shelter-in-place orders forced many hotel and lodging businesses to temporarily close to flatten the curve. In some cases, regulations prohibited businesses from reopening, and the number of travelers and guests began to decline so drastically that it no longer made sense for hotels to continue operating during the pandemic….

Breaking News: Proposed Changes to Form LM-2 Reporting

By Krysten Hambrook

Share Earlier this week, the Office of Labor-Management Standards (“OLMS”) of the Department of Labor (“DOL”) proposed changes to the current Form LM-2 reporting and proposed the establishment of a Form LM-2 Long Form (“LF”). The DOL indicates that these proposed changes are a component of their continued effort to provide transparency about the financial…

Five Things to Know About ERP Applications and the App-Centric Economy

By Krysten Hambrook

Share What is it? As it pertains to Enterprise Resource Planning (ERP), the app-centric economy is a vast marketplace of software tools and ERP applications designed to expand the native functionality of core ERP and accounting platforms. Often developed by third-party providers, such apps are specialized to serve a specific business function or set of…

Resort Budgeting Tips in the New Normal

By Krysten Hambrook

As resorts are approaching the budget season in a year that has seen the industry impacted harshly by the COVID-19 pandemic, management and boards will have to address new issues that many have not had to previously deal with. The collection of maintenance assessments could be problematic and show an increase in delinquencies. Housekeeping maintenance…

Tax Planning in an Election Year

By Krysten Hambrook

Share If there were an Olympic sport for tax accountants it would be tax planning in an election year. Every four years the tax world comes together and collectively cast their predictions on how taxes will change in the next administration. The variables are known – the candidates for President and the candidates for Congress,…

How to Approach Revenue Recovery for Your Organization

By Krysten Hambrook

Revenue recovery for hospitals and healthcare providers has always been a top priority from the CFO and below to assure that all dollars due for services provided are collected. This has become even more relevant as COVID-19 continues to negatively impact the bottom line. Healthcare underpayments from public and private insurers plague hospital revenue recovery…

The Bankruptcy Process Part IIIB – Chapter 11

By Krysten Hambrook

Back in Phase II, we spoke of the roller coaster leaving the station and beginning the slow climb up the first incline. At this point, you have filed your petition, and the Automatic Stay is in place — you’ve reached the top of the incline. Seemingly without warning, you are careening downward toward the earth,…