MKS&H Articles

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

The economy is looking up. This means your company is likely to be doing more hiring and promotions.

If you’re talking with your managers about moving ahead in their career, this is the time to guide them in some personal career resolutions that will help make them promotion material.

Here are some suggestions for them

Improving plant performance is an effort that includes both growing revenues and cutting costs.

Almost half of manufacturing executives are focused on demand forecasting and inventory management, which are two sides of the same coin, according to a study by Gatepoint and IBM, “Five key factors in optimizing complex manufacturing businesses.”

The challenge at all stages of the manufacturing process – from raw materials to finished goods – is having enough inventory on hand to complete orders.

As children, our parents used many schemes to get us to do what they wanted us to do. Remember the old adage, this is going to hurt me more than it hurts you? I’m not referring to physical punishment, but more the battle of wills. If you’ve ever disciplined a two-year old, you know exactly what I mean. It is virtually impossible for an adult to get what they want by going toe to toe with a 2 year old. Instead, it takes a mature brain, finesse, and a whole lot of patience. It also takes discipline, but in this article I’m not talking about the discipline of the child.

To be deductible expenses, a business expense must be ordinary, necessary and reasonable in amount. The part of that three-pronged test that seems to give taxpayers the biggest problem is the reasonable amount.

Finding a successor to take over a business is an underestimated challenge, according to a recent study on succession planning by Stanford University’s Graduate School of Business.

About a month ago my wife and I packed up our children and our belongings, and headed to Maryland for a new chapter in my professional life. As I took the journey to being the “new guy”, many things ran through my head. Will I be able to perform above and beyond what’s expected of me? Will we be able to find a home that we can afford? What if things don’t work out, then what? These were just some of my concerns, as I worked through my fear of the unknown.

It's official! The House, Senate, and President passed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), which includes momentous tax breaks and incentives for taxpayers. Included in this legislation are over 20 vital permanent provisions that will benefit individuals and businesses alike, including a permanent R&D credit, Section 179 deduction, and the American Opportunity Tax Credit.

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.

Does your organization use temporary workers or independent contractors on a regular basis?