News & Blogs
CDH NewsIs Your Business Approaching a Tipping Point?
by Frank Therrien | Feb 27, 2020 | Sage Intacct
In the late 70’s Tandy/Radio Shack, Texas Instruments and Apple had the beginnings of a personal computer. Most were used for gaming and personal empowerment but most business people didn’t see the value add. It was a toy for hobbyists, hackers, and nerds. The tipping...
Your Year-End Financials: Managing Overhead Costs in 2020
by Phillip Lampugnano | Feb 27, 2020 | Accounting Services
This is the first in a two-part series focused entirely on the year-end close process. Businesses are looking back over the past year to decide how to proceed throughout the current. Making these decisions isn’t easy and the consequences run deep, which is why it’s so...
Texas Comptroller Adopts New Economic Nexus Standard for Texas Franchise Tax
by Dave Yerly | Jan 30, 2020 | Tax Services
Background Texas is now the fourth jurisdiction to have changed its corporate income/franchise tax law in response to Wayfair joining Hawaii, Pennsylvania, and the City of Philadelphia. This new amendment comes as a response to the U.S. Supreme Court’s decision in...
The One Asset All Growing Companies Need – Financial Leadership
by Phillip Lampugnano | Jan 28, 2020 | Accounting Services
Vision, drive, ambition, innovation. These are the qualities usually attributed to small businesses that grow into big successes. The truth, however, is a lot more mundane: Most companies sustain growth through sound financial leadership. Growth requires two things....
Going Against the Grain
by Frank Therrien | Jan 28, 2020 | Sage Intacct
Joe Ricketts built Ameritrade which merged with Toronto-Dominion and is now TD Ameritrade. Back in the 80’s he was frustrated with the clunky PC’s and floppy disks that customers had to install on their own to process stock orders. So he did something different –...
The Easy Way to Work in Multiple Currencies
by Phillip Lampugnano | Nov 25, 2019 | Accounting Services
Working with multiple currencies is almost as difficult as working with multiple languages. International companies end up investing a significant amount of time, staff, and resources to manage the extra obligations involved with currency exchanges. Worse, if their...
Has Your Business Outgrown Narrow AI?
by Frank Therrien | Nov 25, 2019 | Sage Intacct
Narrow AI works fine for chess or the game of Go because there are a defined set of rules to follow and multiple game scenarios that can be run to fine tune the best strategies/outcome. The rub comes with general AI where the rules are not so defined. For example, why...
Navigating the R&D Tax Credit: Internal Use Software
by John Jaeger | Nov 25, 2019 | Benefits Consulting
Internal Use Software (IUS) includes software applications, operating systems and related resources used to run a business and serve customers. Many small, midsized and even larger U.S. companies currently do not take advantage of Federal & State tax credits...
The Pros and Cons of Unlimited Paid Time Off (PTO)
by John Jaeger | Oct 30, 2019 | Benefits Consulting
Many companies have transitioned to using a single bucket of paid time off (PTO) instead of breaking time off into vacation, sick and personal days. Going beyond this, some companies have enacted unlimited or flexible PTO. Upon hearing of this type of arrangement you...
Gain Real Value with Step Innovation
by Frank Therrien | Oct 30, 2019 | Sage Intacct
Most people think of innovation as a ground breaking, disrupting event but in reality there are different types of innovation. Making something better does not require a clean-sheet approach to create – take your current baseline and innovate in steps to get value add...
It’s a Small World With Sage Intacct
by Phillip Lampugnano | Oct 30, 2019 | Accounting Services
Every business that has ever attempted to operate internationally has encountered the same obstacle – the world is a huge place. Having headquarters in one location and offices spread around the globe makes it incredibly difficult to manage everything cohesively. All...
Relief for Private Companies on Effective Date for ASC842: Accounting for Leases
by Brenden Norberg | Oct 30, 2019 | Assurance
With most companies still preparing for the implementation of the new revenue recognition standards (ASC 606), a request was made to the Financial Accounting Standards Board (“FASB”) to delay the effective date of the new lease standards (ASC 842). In July 2019, a...
CDH, P.C. Welcomes Patrick Brennan as Assurance Principal
by Bernie Lietz | Oct 13, 2020 | Assurance, News
CDH, P.C. is pleased to announce Patrick Brennan as its newest Principal, effective October 12, 2020. Patrick joins the firm’s growing Assurance practice bringing more than 25 years of public accounting and private industry experience in accounting including audit,...
Wendy Kelly Named CDH CEO and Managing Principal
by Bernie Lietz | Oct 1, 2019 | News
Itasca, IL, October 1, 2019 – CDH announced today that its leadership team has unanimously selected Wendy Kelly as the next CEO and Managing Principal effective October 1, 2019. Kelly joined CDH in 2010 with over 20 years of public accounting experience and had most...
4 Arguments Against Outsourcing (And the Truth About Each One)
by Phillip Lampugnano | Sep 25, 2019 | Accounting Services
Phil Lampugnano If outsourced accounting was a perfect solution, every company would do it. That being said, a lot of companies avoid outsourcing for reasons that seem logical on the surface. When you look at what outsourcing accounting actually entails,...
Does Your Quote Include the A-Team?
by Frank Therrien | Sep 25, 2019 | Sage Intacct
Barry Coyne Universities today don’t want you to know about adjunct professors – no chance of tenure, no benefits, a race to the bottom as colleges try to mitigate teaching costs as they compete for a diminishing student population. Just like choosing the right...
CDH Announces Expansion with New Japan Office
by Bernie Lietz | Sep 5, 2019 | News
Itasca, IL – September 5, 2019 – Leading international accounting and consulting firm CDH expands with a new office location in Nagoya, Japan. With this expansion, CDH joins the global arena with a physical presence. The opening of this office strengthens the firm’s...
Comprehensive Accounting Solutions from CDH
by Phillip Lampugnano | Aug 20, 2024 | Accounting Services, Blog
The hardest part of growing a business isn’t necessarily finding new clients and signing new contracts. The real obstacles come after new business appears and companies have to expand their operations to meet bigger obligations. Maintaining the same speed,...
4 Steps to Qualify for R&D Tax Credits
by Michael Warady | Aug 30, 2019 | Tax Services, Tax Services - R&D Tax Credit
Many people think that R&D tax credits only apply to companies that require lab coats to be worn at the office. But the definition has evolved greatly over the years to include not only companies that manufacture and develop software, but companies in various...
How R&D Tax Credits Provide Tangible Value
by Michael Warady | Jul 16, 2019 | Tax Services, Tax Services - R&D Tax Credit
The R&D tax credit can help companies generate much needed cash flow by offsetting taxes owed or paid. In many cases, the cash generated is used by companies to grow and remain competitive by funding additional research activities perhaps leading to expanded...
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