Illinois Expands the Manufacturer’s Exemption

Posted: June 28, 2019 - Blog, State and Local Tax, Tax Planning & Tips

According to an article found on CCH IntelliConnect Tracker News, supplies and consumables used in manufacturing are exempt from Illinois sales and use tax beginning July 1, 2019. Recent tax legislation expands the manufacturing exemption to once again include production related tangible personal property. Items Qualifying for the Manufacturing Exemption Illinois gives manufacturers a sales Read More

6 Reasons Cloud Accounting Is Here To Stay

Posted: June 13, 2019 - Blog, Sage Intacct

  Brothers Chip and Dan Heath published Made to Stick: Why Some Ideas Survive and Others Die, in 2007. Their idea premise is “stickiness” and it’s core values are below Simple – find the core of any idea Unexpected – grab people’s attention by surprising them Concrete – make sure an idea can be grasped Read More

Your Social Security Payments Reduced!

Posted: May 30, 2019 - Blog

Be aware of WEP’s impact if you receive a foreign pension   Windfall Elimination Provision (WEP) is the one that will reduce your social security (“SS”) payments. When you apply for SS, you will be asked if you are currently receiving a pension from foreign country. If you truthfully say yes, you will be asked Read More

CDH Accounting Services Provide On-Demand Expertise

Posted: May 30, 2019 - Blog, Finance & Accounting

  There are two sides to accounting. On one side there are the routine processes, things like payroll that happen the same way over and over. On the other side are business opportunities that accounting enables, dynamic forces that change constantly. Most companies learn how to put their average accounting processes on autopilot, often by Read More

The Paradigm Shift That Caught Us By Surprise

Posted: May 30, 2019 - Blog, Sage Intacct

Your biggest risk isn’t failure; it’s sustained mediocrity (Wroblewski, 2017). This quote applies today more than ever as disruption is front and center for many businesses. Here are some examples of the paradigm shift, which caught most of us by surprise. Uber – largest taxi company, owns no vehicles Facebook – most popular media owner, Read More

The Undeniable Power of Business Intelligence

Posted: May 30, 2019 - Blog, Executive Focus

Business Intelligence (BI) is the accumulation, analysis, reporting, budgeting & presentation of your business data. BI can help your business improve operations and your financial position.  Ultimately, when used with software it can help a company with strategic and tactical business decisions.  BI doesn’t give you the answers to a problem, it is descriptive type of analysis. This Read More

The Cost Advantage of Outsourcing Runs Deeper Than You Think

Posted: May 16, 2019 - Blog, Finance & Accounting

Cost savings are one of the most widely cited reasons for adopting outsourced services. And while it’s true that outsourcing can help to minimize certain budget items, it’s overall effect on financial health is much bigger than that. In the best cases, outsourcing helps companies save money now, drive revenue later, and build a competitive Read More

Change and Innovation: Getting Out of Your Comfort Zone

Posted: May 16, 2019 - Blog, Sage Intacct

  In 1975, a researcher named Steven Sasson, working for Eastman Kodak built the first digital camera. He saw the potential for this new device and told executives it would compete with film in the next 15-20 years. Eastman Kodak then developed the first commercially viable digital camera in 1989 but executives never got behind Read More