Articles

Friday, 02 December 2022

Navigating disruptions in a recession

Written by Curt Nurenberg, CHBC | Matt Barczak, MBA, CPA | Jessica Watts, CPA | Don McAnelly, CPA/ABV, CGMA

  By Curt Nurenberg, CHBC | Matt Barczak, MBA, CPA |Jessica Watts, CPA | Don McAnelly, CPA/ABV, CGMA   As we roll into 2023, let’s prepare your practice to navigate recession disruption. We can do this by looking at best practices around technology, data, and planning. Over the last three years of the pandemic and throughout its aftermath, many of our clients continue to face challenges related to staffing and providing optimal patient care.. It’s critical for medical and dental practitioners to focus on their business and how they can better strategize for the year ahead....

Published in Healthcare
Tuesday, 29 November 2022

Empowered Chats: Network Segmentation

Written by The Rehmann Team

  Organizations are faced with operational challenges every day, from navigating supply chain issues and finding the right people to staying on top of cybersecurity. With so many opportunities for attackers to get into your organization, equipping your organization with tools to stay secure is essential. Network segmentation is an important, proactive step to take in your cybersecurity planning. We sat down with Justin Vriesman, senior systems engineer with Rehmann Technology Solutions, to learn more about the importance of network segmentation...

Published in Cybersecurity
Tuesday, 29 November 2022

Building your dream construction company: current industry trends, issues and how to face them

Written by Laura Steenwyk, CPA, CGMA, MST

By Laura Steenwyk, CPA, CGMA, MST   Despite the threat of an impeding recession, construction industry experts such as the American Institute of Architects are expecting construction spending to increase by 6% in 2023. Coupled with the construction unemployment rate being at its lowest in nearly three years, the outlook for construction companies is trending positively. Yet, the industry is not immune to trouble and is still experiencing roadblocks and other hardships, leaving many wondering how they can meet demand and ensure success. So, what are the current industry roadblocks and how are businesses responding?..

Monday, 21 November 2022

Quiet quitting: what does it mean for your practice?

Written by Curt Nurenberg, CHBC | Matt Barczak, MBA, CPA | Jennifer Talwar

  By Curt Nurenberg, CHBC | Matt Barczak, MBA, CPA | Jennifer Talwar   Quiet quitting is not new to the work force, but it is on the rise and is a growing concern for organization leaders. What exactly is a “quiet quitter” in the workforce? An employee who is disengaged, possibly coasting along in their job and doing the bare minimum on a regular basis. Their disengagement may be leading to workplace issues, including lowering the morale of offices and practices...

Published in Healthcare
Friday, 18 November 2022

Has your practice had its annual checkup?

Written by Curt Nurenberg, CHBC | Matt Barczak, MBA, CPA | Danielle Ambrozy, CPA, MBA, CHBC

  By Curt Nurenberg, CHBC | Matt Barczak, MBA, CPA | Danielle Ambrozy, CPA, MBA, CHBC   It is time to step back. Why? Because much like an annual wellness exam, a proactive approach to your 2023 planning can prevent future pain, financial burden, and headaches down the road. But where do you start?..

Published in Healthcare
Wednesday, 16 November 2022

Court Ruling on HMDA Public Reporting Requirement

Written by Beth Behrend, CCBCO, CBAP

By Beth Behrend, CCBCO, CBAP    A coalition of community housing groups, including the National Community Reinvestment Coalition (NCRC), Montana Fair Housing (MFH), Texas Low Income Housing Information Service (TxLIHIS), Empire Justice Center (EJC), and the Association for Neighborhood & Housing Development (ANHD) sued the Consumer Financial Protection Bureau (CFPB) over its 2020 Home Mortgage Disclosure Act (HMDA), arguing it unlawfully issued an anti-transparency rule for mortgage lenders. They asked the court to vacate that rule and restore previously required mortgage transparency reporting obligations. In September, Chief U.S...

Wednesday, 16 November 2022

Cybersecurity and the Financial Services Sector

Written by Jessica Dore, CISA

By Jessica Dore, CISA   Addressing cybersecurity risks and remedies is a collaborative undertaking involving the federal government, regulatory agencies, and public and private companies. The Cybersecurity and Infrastructure Security Agency (CISA) in the Department of Homeland Security (DHS) conducts risk assessments, modeling, and data management at a national level to understand critical infrastructure risks and support policy making, process enhancements, and risk-management decisions. The Department of Treasury is responsible for developing a Financial Services Sector-Specific Plan (SSP) to identify cybersecurity and physical risks facing the sector and establish a strategic framework to help prioritize ongoing activities to help secure financial firms and data. The FDIC’s 2022 “Report on Cybersecurity and Resilience” notes the agency protects systems and sensitive information related to its own operations and the operations of FDIC-supervised banks and service providers through enforcement and initiatives that comply with the Federal Information Security Modernization Act of 2014 (FISMA)...

Wednesday, 16 November 2022

Raising Rates Impact on Loans, Deposits

Written by Liz Ziesmer, CPA, CBA

By Liz Zeismer, CPA, CBA   The U.S. experienced it’s last recession following the 2008 financial crisis. The Great Recession was largely caused by over-exposure to sub-prime and non-traditional mortgages and mortgage-backed securities...

Monday, 07 November 2022

The Importance of Internal Controls

Written by Tony DiVito, CPA, MS, CFE | Avi Beliak, CPA, CFF, CFE

By Tony DiVito, CPA, MS, CFE, Principal, Finance and Accounting Solutions & Avi Beliak, CPA, CFF, CFE, Forensic Audit Manager   Congratulations — you’ve built an organization where people are proud to work. You lead with integrity, your products or services are top-notch, your clients/customers are happy, and your workplace culture feels like a functional family working toward a common goal, not a motley crew of colleagues and employees pulling in different directions. So why do you have that sinking feeling that someone might be stealing from you? Simple: Because there’s a high likelihood they are!..

Published in Business Consulting
Monday, 07 November 2022

Staffing Secrets from an HR Pro

Written by Elizabeth Willams, SPHR, SHRM-SCP

By Elizabeth Williams, Principal, Human Resource Solutions   A funny thing about staffing and running a business, municipality, or any organization looking to hire and retain high-quality, highly skilled employees: When you finally reach the realization you need help in the human resources department—whether that’s an actual department, a single HR person, or a very overwhelmed, very exhausted you—your wish list for the breadth of expertise within that HR role can feel enormous, quickly followed by … impossible. These feelings are understandable. The kind of duties that fall under the human resources umbrella, after all, are extensive. And because HR is responsible for recruiting and retaining your organization’s most critical asset—its human capital—your expectations should be high...

Published in Business Consulting
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