How do you know when your accounting system is running well? Unfortunately, there is no standard measurement of health for an accounting system: no blood pressure, BMI, or pulse check. However, here are some points to consider this month during your month-end close...
Team CDH in the Community
The weather may be getting cooler and wetter, but that is not stopping the CDH team from being active both outside, and for the community. On Sunday September 30th, some members of the CDH team participated in the Inside Out Club DuPage 5k run/walk. The weather...
States React to Precedent Setting Sales Tax Supreme Court Case
Summary Physical presence no longer needed to have sales tax nexus in a state Sellers are advised to do nexus analysis to confirm state sales tax compliance Law could affect sellers process of collecting and remitting sales tax Detailed Analysis...
CDH Announces Principal and COO Promotions
CDH is pleased to announce the promotions of Riki Shah and Naoko Lech, both to Tax Principals. Riki Shah joined CDH in 2011 and specializes in individual, corporate, and pass-through income taxes. He devotes his time to both the domestic and international client base....
Amara’s Law: Are You Guilty?
Futurist Roy Amara stated, "We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run." This captures the hype when new tech is played out in the press, followed by disillusionment when it’s not perfect day one....
New Business Year, New Business Plan
The turn of the year is always an interesting time to evaluate where your company needs to be in terms of the sales to break even. Of course the objective is to make a certain level of profit but you are operating blind if the starting point is not a breakeven...
How To Get The Needle Moving for Your Business
Is your business moving the needle, experimenting with new ideas/technologies or just playing it safe for another year? Many companies are tied to old practices that are comfortable, for example, a company can get better at closing the books every period, tying up...
New HMO Solution for Mid-Sized Chicago-land Employers
Consolidation in the health insurance industry over the past decade has resulted in fewer insurers, fewer choices, and higher health insurance premiums. In the Chicago market, there are only two insurance companies that offer competitively priced HMO plans. However,...
New Tax Thresholds Impacting Businesses
California Sales and Use Tax Requirements & The Partial Manufacturer's Exemption Beginning April 1, 2019, retailers located outside of California are required to register with the California Department of Tax and Fee Administration (CDTFA), collect the California...
Developing Advanced Insights in a Complex Environment
Never assume your brand. Recently 3G Capital/Kraft Heinz made news with a $15B write down, drop in stock price of 27% . This is another example of not keeping an ear to the market, solely focusing on cost cutting via zero based budgeting, and missing key signals in...
The Value of Outsourcing – Turning Pain Points Into Prosperity
Accounting is kind of like changing the oil in your car - something that is absolutely necessary but pretty unexciting. So it’s not surprising that a recent Accounting Today survey showed that most businesses under 500 employees choose to outsource some or all...
Modernize Your Culture to Improve Business Strategy
"Culture beats strategy, so much that culture is strategy" – Seth Godin Culture defines a company - what it does, how it adds value, and how it grows a customer base. A culture that has the ability to deliver change and add value as a best practice not only...
5 Best Business Practices to Follow in 2019
I recently had a brain storming session with a long time Executive Focus client of mine that is a distributor. The topic was about how to increase sales. Our approach was to focus on the well-being of their dealers. What could be done to help their dealers become...
How to Use Technology to Streamline Back-Office Operations
A recent survey showed that 70% of companies are either pursuing digital transformation or planning to soon. What’s digital transformation? It’s when companies rely on integrated technologies to automate or upgrade everything they do – including accounting....
How to Respond to a Marketplace Appeal Notice
Employers often begin to receive Marketplace Appeal Notices after the Healthcare Marketplace’s open enrollment period ends. The letter notifies employers of employees who enrolled in Marketplace coverage and obtained an advanced premium tax credit for at least...
What Goes Up, Must Eventually Come Down
With 24/7 media coverage and so many choices to gather information we are not lacking for options when trying to forecast economic activity. The largest discrepancy in these forecasts is the timing of the next recession. We are in the midst of the longest running...
When You Can’t Find Talent, Outsourcing is Ideal
Professionals change jobs for lots of reasons – better pay, different office environment, new city, larger role etc. What’s important to note is that professionals are changing jobs more often than ever...
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...
6 Degrees of Separation
Forty five years ago Stanley Milgram mailed out parcels to one hundred people in Omaha, NE working on his “six degrees of separation”. His whimsical method gave him the theory but not the proof. That changed in 2011 when the scale of Facebook proved that he was...
5 Must-Knows for Every Green Card Holder
Every year almost half a million people obtain Green Cards (“GC”). When you become a GC holder, you have basically the same obligations that US citizens have. US tax laws are complex and hard to understand. If you are a GC holder, understanding the US tax laws...
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