What To Know About Layoffs & Partial Plan Terminations

What To Know About Layoffs & Partial Plan Terminations

Plan Sponsors: Do You Know How Layoffs, Partial Plan Terminations Impact Retirement Plans? Back in April, as companies looked for ways to cut costs amid the COVID-19 (coronavirus) crisis, the U.S. unemployment rate reached 14.7 percent – its highest level since...
Retirement Is Knocking …

Retirement Is Knocking …

Are You Ready To Answer The Door? Traveling to exotic places. Enjoying time with the grandkids. Supporting philanthropic efforts. While these all might be things you hope to do during retirement, do you have any idea the likelihood that you’ll get to do them? Sadly,...
Cash Flow: Tips for Improvement

Cash Flow: Tips for Improvement

A Cash Flow Crash Course When it comes to addressing cash flow and tips for improvement, perhaps the first place to start is understanding what cash flow consists of. To complement the income statement and the balance sheet, there is a cash flow statement. This handy...
Business Risk: What Is It & How Do I Reduce It?

Business Risk: What Is It & How Do I Reduce It?

How To Minimize Business Risk To Maximize Value Fundamentally, business risk is exposure to any factor that may cause a company to lose profits or to face bankruptcy. Unfortunately, business risk has many different faces and can be unpredictable. Additionally, each...
Financial Ratios Tell a Story; What’s Yours?

Financial Ratios Tell a Story; What’s Yours?

Understand Your Business’s Value Better With Financial Ratios There are numerous metrics used in the process of conducting a business valuation. One such metric is the financial ratio analysis. The financial ratio analysis utilizes line-items from your financial...
Fair Market Value: What It Is & Why It’s Important

Fair Market Value: What It Is & Why It’s Important

What FMV Is, What It’s Not, & Everything In Between The first step in understanding your company’s fair market value (FMV) is to be aware of the FMV definition provided by the Internal Revenue Service which states: “Fair market value (FMV) is the price that...
Deciphering The Impact of the New Lease Accounting Standard

Deciphering The Impact of the New Lease Accounting Standard

Changes Imminent For Companies That Lease Equipment & Real Estate If you own or operate a U.S.-based business and lease property and/or equipment within that business, a new U.S. Generally Accepted Accounting Principles (“GAAP”) will soon govern those leases and...

Recession-Proof Your Business With These 5 Steps

Here are five steps you can take to prepare for a downturn At Rea & Associates, we were writing about ways to recession-proof your businesses in January of 2020, months before the COVID-19 Pandemic caused economic slowdowns in the United States. We continue to...
Time To Review Your Employees’ W-4s

Time To Review Your Employees’ W-4s

Are You Using The Correct W-4 Form? While the year is still young, now is a great time to ensure that you have completed W-4 Forms for all your employees. Although current employees should not be required to fill out a new W-4, it’s important to make sure to use...
Still Waiting On Your Second Stimulus Check?

Still Waiting On Your Second Stimulus Check?

Wondering If Your Stimulus Check’s In the Mail? Conversations around the second wave of stimulus funds continuing to circulate and while many taxpayers have already received their stimulus payments from the government in the form of a direct deposit, others are...
Now & Later: Don’t Just Plan For Your Next Vacation …

Now & Later: Don’t Just Plan For Your Next Vacation …

Plan For Your Permanent Vacation, Too It doesn’t matter which report or studies you review, the conclusion is always the same: People spend more time planning for their next vacation than planning for retirement. And why wouldn’t they? Planning for a vacation is fun....
If You Manage The Front Door, We’ll Handle The Back Office

If You Manage The Front Door, We’ll Handle The Back Office

What To Do ‘When You Don’t Know What You Don’t Know’ About Your Business’s Back Office When you decided to open your business and share your ideas, products, and services with the world, did you anticipate what the real day-to-day would look like, or were...
How To Avoid A Not-So-Pleasant Tax Season Surprise

How To Avoid A Not-So-Pleasant Tax Season Surprise

Bookkeeping isn’t just about moving numbers around and making and receiving payments, it’s about understanding how your business works maximizing that. Keep reading to learn more. Avoid A Bad Tax Season Surprise With Bookkeeping Tips Happy spring! Those of...
How Strong Are Your Internal Controls?

How Strong Are Your Internal Controls?

Are your internal controls lacking? Don’t become another fraud statistic. Read on to learn more. Does Your Lack Of Internal Controls Leave You Vulnerable To Occupational Fraud? There are a lot of business owners and managers out there who are content to...