Business Consulting

Tuesday, 24 August 2021

Webinar Series | Empowered Planning: Your Business Transition

Written by The Rehmann Team

Empowered Planning: Your Business Transition The decision to sell your business is a big one, and you’re far from alone if you’re thinking about making this kind of transition – here at Rehmann we are hearing from clients considering a move of this kind, either soon or in the not-too-distant future, and they understandably have important questions and concerns. Listen to the on demand webinar below if you are among the family-owned or closely held businesses considering selling...

Wednesday, 18 August 2021

Keep on top of PPP review prep, even as loan necessity questionnaire is retired  

Written by Tom Shemanski, Principal

By Tom Shemanski, Principal   Although a recent update from the U.S. Small Business Administration (SBA) nixed the need for Paycheck Protection Program (PPP) loan recipients to complete a previously required questionnaire, you’ll still need to build and maintain your loan documentation if you are participating in this aid program. When PPP became a part of the aid offered to businesses during the COVID-19 pandemic, borrowers initially faced significant requirements, including Loan Necessity Questionnaires, Forms 3509 and 3510, to justify the need for assistance...

Published in Business Consulting
Tuesday, 15 June 2021

Smarter, Better, Faster: outsourcing solutions for more efficient operations

Written by By Sandra Shecter, CPA, CGMA

The pandemic fundamentally changed the ways we do business, as we quickly adapted to remote working and moved through the chaos and confusion with fewer team members but the same (or greater) amount of work, and as we pivoted operations to stay afloat and looked to a better future while navigating evolving government programs and guidelines. A year a half later, many companies have stayed the course, through twists and turns and disruptions, and made it to what feels like the other side. But as the dust continues to settle and a business-not-as-usual landscape emerges, some companies may wonder how best to proceed – how to keep going and find ways to not just survive but thrive. The power of outsourcing One strategy worth considering: outsourcing for accounting, human resources, and IT, allowing your company to be more efficient...

Published in Business Consulting

Small businesses across the globe have been impacted by the new coronavirus pandemic in many ways. According to the U.S. Census Bureau’s Small Business Pulse Survey, more than half of small businesses anticipate long-term challenges as a result of the pandemic...

Published in Business Consulting
Monday, 14 June 2021

Pandemic has many considering business exits

Written by Rachel Watson

The tumult of the past 15 months is leading many business owners to think about retirement, but a local firm says only 1 in 4 have a formal succession plan in place. Erik Schumacher, CPA and principal at the Grand Rapids office of Rehmann, recently spoke to the Business Journal about transition planning. He said numerous businesses stalled while others boomed during COVID-19, and a wave of business owners — inundated with new challenges — are deciding to sell their companies and retire.  “Similar to what we saw coming out of the Great Recession, there’s a generation of family-owned businesses or business owners who just survived COVID, where things are looking all right for them, but they’re not real interested in hanging out for another potential downturn or another COVID scare or something similar,” Schumacher said...

Published in Business Consulting
Wednesday, 24 March 2021

Outsourcing is a valuable business strategy worth considering

Written by Matthew Barczak

One year into the global pandemic, and it is clear the business climate has been turned upside down. Over 100,000 businesses, many of which have been around for decades, have vanished. Many others sped up their adoption of digital technologies overnight — leading more to rely on outsourcing professional services for efficiency and to counteract declines in revenue. O­­­­utsourcing for accounting, human resources, legal and IT allows companies to be more efficient...

Published in Business Consulting

The CAA is expansive and at nearly 5,600 pages, many are left with more questions than answers. Join us for a complimentary webinar and Q&A session where we'll begin to address the most broadly applicable elements of the CAA, including the greatest tax impacts and relief aid provisions affecting both businesses and individuals...

Among the many tough decisions business owners are facing in 2020 is that of selling – specifically, whether now is a good time to transition the organization to a new owner, or better to hold on, ride out these turbulent times, and make that call further down the road.  It’s a decision that’s come to the forefront, thanks to a perfect storm of more people reaching retirement age – approximately 10,000 people are retiring each day, and an estimated one trillion dollars in wealth will be transferred – and a shaky economic landscape that’s left many business owners who had been planning for high levels of profitability at the start of 2020 now considering their exit strategies sooner rather than later.  What is my company worth? Many scenarios, both business and personal, prompt business owners to ponder the question of selling, which leads to the question what is my business worth?..

Published in Business Consulting
Tuesday, 13 October 2020

Webinar | Navigating a Changing Workforce

Written by Samantha Brege

Navigating a changing workforce From following new federal and state guidelines and maintaining safety standards, to addressing new and potentially divisive workplace issues like mask-wearing and social media usage, implementing and executing solid HR practices are essential to mitigate risk and propel businesses forward during these uncertain times – and well into the future...

Published in Business Consulting
Tuesday, 25 August 2020

Going Mobile

Written by Broadridge

After a slow start, mobile payment usage is growing in the United States. In 2019, an estimated 64 million Americans (about 29% of smartphone users) made a point-of-sale proximity payment with their mobile phones at least once in the previous six months. Mobile peer-to-peer applications, which allow transactions between individuals, have been even more widely adopted, with 69.2 million users in 2019...

Published in Business Consulting
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