MKS&H Articles

Accounting for Cloud Computing Fees has become simpler

[fa icon="calendar'] Apr 20, 2016 11:17:09 AM / by admin posted in Audit and Accounting, Information Technology, accounting, business

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Accounting for cloud computing fees paid by customers became simpler under an Accounting Standards Update.

The accounting guidance previously provided by the generally accepted accounting principles (GAAP) didn’t provide the clarity customers desire for accounting for their fees to cloud service providers

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Rarely used surprise audits, are reported as a leader in fraud detection

[fa icon="calendar'] Feb 22, 2016 1:36:40 PM / by admin posted in Audit and Accounting, fraud, surprise audit, fraud detection

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Surprise audits are one of the least-used forms of anti-fraud controls, but one of the most effective, according to a 2014 Report to the Nations on Occupational Fraud and Abuse by the Association of Certified Fraud Examiners (ACFE).

Only 29 percent of American companies who were victims of fraud in the ACFE study used surprise audits as a method of detection.

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Increase your Chance of Business Growth with a Cash Flow Analysis

[fa icon="calendar'] Dec 22, 2015 10:18:27 AM / by admin posted in Audit and Accounting, financial statements, Cash flow, accounting, growth strategies, business, Entrepreneur

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If you want your business to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust.

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Stop, Look, and Think before you Expand your Business

[fa icon="calendar'] Dec 2, 2015 12:34:58 PM / by admin posted in Audit and Accounting

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The driving force in many expansion plans is to generate higher sales, with the hope that profits will rise. But before making moves to buy new equipment, expand your plant or implement a new business idea, you need to grasp the profit angle.

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Top 5 Succession Tips for your Business

[fa icon="calendar'] Nov 16, 2015 12:46:56 PM / by admin posted in Organizational Alignment, Audit, Audit and Accounting, succession planning, strategic planning, accounting, succession, business, Entrepreneur, Strategy

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Did you know that more than half of the small business owners in the United States are at least 50 years old or older? In the U.S. alone there are 28 million small businesses (fewer than 500 employees) and over 22 million self-employed business. According to CNBC surveys, it is believed that 80% of small-business owners plan to sell their business to fund their retirements, however only 30% percent have a written succession plan. At MKS&H, we work with our clients to be prepared, so here are our top 5 successful succession tips that will benefit small-business owners:

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Is Choosing an Accountant like Choosing a Presidential Candidate?

[fa icon="calendar'] Nov 4, 2015 12:21:19 PM / by admin posted in Audit and Accounting, accounting, business, tax, Entrepreneur, Strategy

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So you’re in the market for a new accountant? Well it’s time to think about the issues important to you and see how the candidates stack up. Choosing the right accountant is important. Besides operational needs, often times they become a trusted advisor you look to during critical times. Consider these five qualities as a basis for your decision.

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5 Ideas for Growing Your Business

[fa icon="calendar'] Sep 28, 2015 1:49:36 PM / by admin posted in growth, Audit and Accounting, Cash flow, finance, business, Strategy

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Cutting costs is a short-term strategy to help manage expenses and build a quick profit. But as a business leader, you want to focus on a long-term strategy for growth and profitability with your organization. There are many ways to do this, but here are 5 ideas to consider from the Small Business Administration as well as MKS&H’s experience with our diverse client base:

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5 Ways to Improve Cash Flow

[fa icon="calendar'] Sep 9, 2015 11:05:51 AM / by admin posted in Audit and Accounting, Cash flow

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Are you looking for ways to improve your company's cash flow? Then look no further. Following the 5 easy steps below can help you improve the cash flow of your business:

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The Pros and Cons of QuickBooks Online

[fa icon="calendar'] Sep 2, 2015 9:42:18 AM / by admin posted in Quickbooks, Audit and Accounting, Quickbooks online

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Technology is constantly evolving and changing the way we conduct business around the globe and Intuit has created QuickBooks Online to help meet the dynamic needs of businesses today. Using the principle of the cloud, the QuickBooks Online platform is a browser based version of the best-selling QuickBooks software that can be accessed anywhere at any time.

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Is Your Company Facing a Cash Flow Crunch?

[fa icon="calendar'] Aug 31, 2015 10:16:16 AM / by admin posted in Audit and Accounting, Cash flow

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Cash flow is always an important element in the smooth and successful operation of your business and is particularly key in meeting opportunities and demands.

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