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Tuesday, 17 April 2018

Tech-Savvy CFOs Look Beyond the Cloud for Agility

Written by Cindy Jutras

The digital world we live in today brings new opportunities, along with new challenges for companies of all sizes. The Internet has leveled the playing field. Even small to midsize enterprises can establish a worldwide presence and compete on a global scale. But even as technological advances create unprecedented opportunities, they also increase the potential for business disruption, bringing new sources of competition as well as entirely new business models...

Wednesday, 11 April 2018

5 Leadership Qualities of a Tech-Savvy CFO

Written by Cindy Brinker

The success or failure of a company is directly dependent on the collective decisions of each team member, but the actions of the team are dependent on their leader. A strong leader will inspire their team to develop themselves both personally and professionally, which generates passion for improvement. A unified, passionate team will perform with enhanced productivity and contribute to the growth and success of their company. Therefore, being a great leader is required for running a great business...

Tuesday, 25 October 2016

Is XBRL reporting the wave of the future?

Written by Thomson Reuters

Public companies are required to submit regulatory filings using eXtensible Business Reporting Language (XBRL). XBRL is a machine-readable reporting format intended to make financial statements more useful to researchers, regulators and investors. It has the potential to increase the speed, accuracy and usability of financial disclosure — and eventually reduce costs. But the U...

Tuesday, 25 October 2016

Mission accomplished: FASB finalizes the cash flow project

Written by Thomson Reuters

On August 26, the Financial Accounting Standards Board (FASB) published an update to U.S. Generally Accepted Accounting Principles (GAAP) that aims to improve and clarify eight parts of existing guidance on cash flow statement presentation and classification. The update addresses some frequently asked questions about what is considered a complex area of accounting...

Tuesday, 25 October 2016

The FASB simplifies accounting for share-based compensation

Written by Thomson Reuters

On March 30, the Financial Accounting Standards Board (FASB) published an updated standard to simplify some provisions in share-based compensation accounting. The update — Accounting Standards Update (ASU) No. 2016-09, Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting — makes it easier for employers to report the tax deductions for paying employees with stock options and restricted shares. The update also provides practical expedients for private companies that offer share-based compensation...

Friday, 27 March 2015

You’re using your CPA wrong

Written by Andrew Mehl, CPA

If you're limiting your CPA to "only" filing your taxes, you're overlooking a host of services that could make a significant impact on your personal and professional life. Stop missing out: review the following list of four essential services your CPA can provide today. When you finish reading, it might just be time to schedule an appointment. 1) Starting a business Approximately 543,000 new businesses start each month...

Friday, 16 January 2015

"IRS" Scammers Are Back At It Again

Written by Rehmann Team

It seems that every day the news media shares new information about criminals trying to scam innocent people. The Southeast Michigan area has been hit hard recently with an IRS tax return fraud scam. In this instance the scammer poses as an IRS agent and calls to inform the taxpayer that he/she is being investigated for tax fraud. They are attempting to obtain Social Security Numbers and other personal information from people in order to steal their money and/or identities...

Wednesday, 09 July 2014

MEDC Community Ventures Initiative

Written by Rehmann Team

The Michigan Economic Development Corporation (MEDC) launched a special initiative in 2012 with the aim of matching employers with talent that might otherwise be overlooked. Community Ventures was designed to help structurally unemployed individuals (such as those who lack education or functional literacy, for example) find employment opportunities at Michigan companies through financial incentives for the employer, and additional support and resources for the individual. The goal was to have 2,000 residents in the program by September 30, 2014, but that has already been exceeded. Over 2,100 participants have been placed into employment so far with more than 90 employers committed to the program which operates in Detroit (including Highland Park and Hamtramck), Pontiac, Flint and Saginaw...

Thursday, 24 April 2014

Litigation Support: Preparing your case through a team concept

Written by Rehmann Team

Litigation and fraud can be threatening and costly events for both companies and individuals. It is critical, then, to have the right firm in place to work with counsel. “Legal matters of any kind have many moving parts that can require a lot of effort to effectively get going in a single, synchronized direction,” said Michael Kridel, a Rehmann principal and member of its litigation support team. “If the matter at hand involves financial consequences, whether it is lost profits, insolvency or dissolution of marriage, that effort can expand exponentially...

Monday, 21 April 2014

Increase the Odds of Getting a Loan

Written by Thomson Reuters

There are a couple of old sayings that relate to getting a loan. The first one is that bankers only want to lend money when you don't need it. As frustrating as that is, it's understandable, since bankers naturally want to minimize their risks. However, you can change the odds of getting cash when you need it by gaining a clearer understanding of the lending process...

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