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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Six tips to guide your Managers to a Promotion

[fa icon="calendar'] Apr 13, 2016 11:47:21 AM / by admin posted in Organizational Alignment, Advisory, business, Employees

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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

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Inventory... are you keeping it at efficient levels?

[fa icon="calendar'] Mar 30, 2016 12:12:28 PM / by admin posted in Operations, Inventory, business, Manufacturing

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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.

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Can your 2 year old Teach you Workplace Accountability?

[fa icon="calendar'] Mar 28, 2016 4:00:21 PM / by admin posted in Advisory, accountability, Culture, business, Entrepreneur, Employees

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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.

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Deductible Expenses are "Reasonable" on case by case basis

[fa icon="calendar'] Mar 23, 2016 11:59:34 AM / by admin posted in tax deductions, tax deduction, accounting, Deductible Expenses, business, tax, capital, Tax Savings

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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.

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Seven steps to Improving your Succession Planning

[fa icon="calendar'] Mar 10, 2016 10:43:47 AM / by admin posted in Advisory, succession planning, succession, business

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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.

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Starting a New Business can be a Daunting Experience

[fa icon="calendar'] Jan 5, 2016 9:17:25 AM / by admin posted in Advisory, business, Entrepreneur

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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.

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The Protecting Americans from Tax Hikes Act Passed! Here's All the Info You Need.

[fa icon="calendar'] Dec 23, 2015 2:04:58 PM / by admin posted in tax deductions, tax deduction, accounting, business, tax, Tax Savings

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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.

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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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You May Have to Start Providing Health Insurance to your Temp & Contract Workers

[fa icon="calendar'] Dec 15, 2015 1:32:00 PM / by admin posted in tax deduction, health insurance, business, tax, Strategy, Tax Savings

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

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