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Accounting for Financial Instruments

The accounting treatment of investments is a complex area to understand, but the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) in January 2016 in order to reduce the complexity of the original standard for financial...

Coronavirus Small Business Relief Update

Second Draw Payroll Protection Program Loans and First Draw Forgiveness Businesses continue to face unprecedented economic hardship due to the Coronavirus (COVID-19) outbreak. To assist, the Coronavirus Aid, Relief and Economic Security (CARES) Act has provided...

Comprehensive Accounting Solutions from CDH

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, service,...

Illinois Expands the Manufacturer’s Exemption

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...

6 Reasons Cloud Accounting Is Here To Stay

  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...

The Undeniable Power of Business Intelligence

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...

The Paradigm Shift That Caught Us By Surprise

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 –...

Outsourcing – Is it a Dirty Word?

              The word outsourcing conjures up a lot of negative images, especially for small business owners. It suggests job cuts, loss of control, and lack of transparency. According to popular thinking, businesses that outsource...

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