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Productivity

Boost Medical Practice Productivity By Improving Workflow Standards

Without a streamlined workflow, medical practices cannot optimally perform everyday operations. This is why it is essential to regularly assess the order and efficiency of the office’s workflow, which sets the standard for high productivity at your practice. The smoother the workflow, the less chance there is for unsatisfied patients and frustrated staff.

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Professional athletes

Professional Athletes Need to Play Long Ball With Their Savings Strategy

Many athletes simply don’t have the experience in managing large sums of money or understanding the ramifications of the high-dollar assets they are purchasing. A qualified accountant can help the athlete establish positive savings and budgeting behaviors from the start. In fact, the best time for the athlete and accountant to meet is before the athlete signs their contract and receives a signing bonus. 

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Wayfair

How the Wayfair Supreme Court Case Will Affect Nonprofits

The Wayfair decision will have an impact on every nonprofit organization across the U.S., ranging from increased costs for services to a greater need for due diligence. Though nonprofits are exempt from paying sales tax on goods used in their operations, they may now have to collect taxes on goods and services sold to the organization’s target customers.

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Revenue Recognition

Last Call for New Revenue Recognition Standards

It’s not too late for private companies to get set for the new revenue recognition standards. The FASB’s guidance is effective in 2019 for annual reporting periods, and in 2020 for interim periods. While this gives private companies a bit more time before they have to report under the new standard, the time to act is now.

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