Insights

A common misconception is that an association’s financial position can be assessed by simply looking at a bank statement or perusing an annual financial statement. While these and other cursory reviews can provide a small snapshot of an association’s financial fitness, they by no means provide the big picture. The need for the board of…

Share Whatever your business and however you see your role in your business, success often depends on your relationship-building skills, especially those that lead to new business opportunities. Let’s look at what you need to learn, practice, say and do to help you improve those relationship skills. Understand Your Customers Long-term success in any industry…

Companies of all sizes are increasingly conducting business in a variety of currencies as they look for growth in new markets and procure more goods and services internationally. Businesses are affected by exchange rate movements in relation to overseas suppliers, customers and indirectly, their competitors. Exchange rate fluctuations could result in significant foreign currency risk…

An active shooter event is one that no organization ever hopes to experience. Unfortunately, active shooter preparation for teams and creating a response plan are becoming an essential emergency response practice for all organizations. These situations are unpredictable and evolve quickly, and most are over within 10-15 minutes, often before law enforcement can even arrive…

Share In October 2018, the SEC issued another no-action letter and withdrew the original letter they released in November 2016. The new letter reiterates the previous one; however, it removes the requirement that a broker-dealer deduct from net capital the excess of a lease liability over a lease asset. Lease Liabilities Background In February 2016,…

Property tax bills significantly affect property owners and landlords and often represent one of the largest expenses for commercial real estate owners. Furthermore, real estate taxes may be a major factor in leasing negotiations since they can be passed to commercial tenants as part of escalation calculations. Therefore, it is essential to consider potential ways…

Share In order to compete in today’s business environment, the small tomid-size contractor can no longer rely on the technology of 20 years ago. Failure to identify and upgrade outdated technology could ultimately cost your company a low bid on a competitive project or a lucrative credit on your tax return. While most people agree…