For decades those seeking a career in accounting have been focused on one thing – getting a job at a big firm (preferably one of The Big Four) and working up that corporate ladder. While there’s nothing inherently wrong with this method, I started my career at what is now Deloitte, I feel that the…
DetailsTo enjoy your long-term health doesn’t mean you experience periodic episodes of being healthy, it means you’re healthy most of the time with occasional illnesses. Your body does its job and fights off ailments and threats, and you maintain a baseline level of health…but can this also work for your company? In his May 2014…
DetailsIt comes as no surprise that risk management is increasingly important in modern business, but the skill set needed to succeed in a risk management role might be a little different than you’d imagine. These tasks used to often get lumped under the duties of General Counsel, and for good reason – that person is…
DetailsI recently revisited a perpetually relevant Forbes article from last summer, ‘Kiss Your Boss Goodbye. It’s Time to Be an Entrepreneur’. This article by Alan Hall introduces many key insights regarding employee engagement, while still driving home the underlying message of “If you can do it better, do it. “ to employees. I firmly believe…
DetailsBusiness of all sizes and in all industries can benefit from the strategic insights and financial controls provided by the annual budgeting process. However, depending on the velocity of changes in the general economy and/or your specific industry, an annual budget can become stale and thus less valuable as management tool. Neil Amoto’s October 2013…
DetailsFor my entire career, I have been fascinated by the narrative that accompanies a start-up or an entrepreneur. In fact, working with clients who possess an entrepreneurial attitude and helping them become successful is one of the main reasons I started Premiere Financial Consultants. I also wanted to be able to tell my own story.…
DetailsThe relationship between the business owner and banker is among the important strategic relationships necessary for the long term success of a growing entity (almost as important as the CPA relationship). However, consolidation of the banking industry and the resulting movement of personnel between financial institutions have added challenges to the business owner. In a…
DetailsOn December 17, 2010 the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act) was signed into law. The Act includes: Lower Tax Rates (Bush Tax Cuts) extended through 2012 Marriage Penalty Relief extended through 2012 Social Security Tax reduction for 2011 only Personal Exemption and Itemized Deduction…
DetailsI have always believed that the long-term goal of business of all sizes should be to maximize shareholder value. Timely, accurate, and reliable management information is critical to analyze the success of value-enhancement strategies. Derrick Lilly’s article in the September/October 2010 issue of the Illinois CPA Society’s INSIGHT Magazine, “Become a High-Performance Company” discusses enhancing monthly…
DetailsOn March 30, 2010 President Obama signed into law the final piece of his Health Reform legislation. The legislation will be fully phased in by 2018 and will provide health care coverage to some 32 million uninsured as well as making it more affordable for millions. The cost of this $938 billion legislation will be…
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