Accounting for Gift Card Sales

By Krysten Hambrook

The arrival of summer yields many things – from dining out at that popular nearby café to buying a new wardrobe. What better time to put those holiday-season gift cards to good use? An even more important question is: what about those gift cards sold and received months, or even years, earlier? Retailer, restaurant and…

Why Implement an Efficient Time Tracking App in an App-Centric Economy

By Krysten Hambrook

Share By Brad Smolen, Business and Management Consulting Services What is an App-Centric ERP? An App-Centric ERP uses an economy of app-based business functions designed to improve productivity and efficiency within a company’s operations. These apps are tied into any existing cloud-based ERP system, like NetSuite, and can be tailored to assist all sectors of…

RBF Joins its Practice with Withum

By Krysten Hambrook

Share Effective August 1, 2019, Rucci, Bardaro & Falzone P.C. (RBF), an accounting and advisory firm based in Woburn, MA, joined its practice with Withum, a regional CPA and consulting firm with 12 offices, 1,100 team members and annual revenue of $220M, ranking in the top 25 firms in the country. RBF will remain at…

Service Agreement vs. Lease for Shared Space

By Krysten Hambrook

In the current real estate climate, shared workspace environments are the hot topic of the day, whereby companies or individuals pay to use office space, along with a host of other services. Contracts to utilize such spaces are often crafted as service agreements, rather than leases. This practice is about to pay some dividends on…

SBA Business Valuation FAQs

By Krysten Hambrook

When it comes to Small Business Administration (SBA) valuations, there are many questions that a company will likely ask and be asked. It is important to understand what is involved before looking for the correct provider. Understanding SBA Business Valuations 1. When is a Business Valuation required for SBA financing purposes? The U.S. SBA provides…

SOC 2 vs SOC 3 Compliance: What’s The Difference

By Krysten Hambrook

Share The SOC 2 report and SOC 3 report were developed by the AICPA and continue to be the gold standard for SOC reporting on controls at a third-party service provider. What Is A SOC 3 Report? A SOC 3 report outlines information related to a service organization’s internal controls for security, availability, processing integrity,…

Build a Custom Chat Bot with SharePoint Framework

By Krysten Hambrook

Share This article will review the steps to build a SharePoint Framework (SpFx) custom web part with DirectLine integration. With this application extension, your users can interface with your Bot directly in SharePoint. Since it is built on Azure Bot Channels and DirectLine, it can be easily connected with AtBot. This webpart leverages several tools…

When is the Best Time to Value your Business?

By Krysten Hambrook

As a business owner, when would you say is the best time for examining and documenting the value of your business? Most business owners would rightly say “when I’m ready to sell” or, more vaguely, “when the time comes” in reference to some far-off milestone they are not quite sure about or prepared to face….

Five Advantages to Investing In Residential Real Estate

By Krysten Hambrook

Many individuals invest in residential rental property and find that with the right property and the right planning, being a landlord can be financially rewarding. The following are five financial advantages that can make investing attractive: 1. Use of Borrowing Power With real estate investing, there is a benefit to using debt to increase the…