Advisory

Advisory
Jun 02, 2022
| Robert O. Mayer, CPA
|

Why a Quality of Earnings Assessment Is a Must for Sales and Acquisitions
By: Robert O. Mayer, CPA

Advisory | Jun 02, 2022

What is the value of my business? What’s the right sale price? What data do I need to present to justify that price? From a buyer’s perspective, what’s the right acquisition price? Is the company as financially sound as it appears?

Read More »

Why a Quality of Earnings Assessment Is a Must for Sales and Acquisitions
By: Robert O. Mayer, CPA
2022-06-02T15:33:10-04:00

Why Business Communication and Responsiveness Need Clarity and Consistency

When the telephone was the primary mode of business communication, people would expect a call back in a day or two, depending on the nature of the call. When email became the dominant form of communication, that window to respond shortened to 24 hours at most.

Read More »

Why Business Communication and Responsiveness Need Clarity and Consistency2022-06-01T14:42:53-04:00

Why Your Team’s Families Are Such an Important Part of Your Organization

Until recently, most leaders would probably say that the people who comprise their organization are the ones who show up to work and collect a paycheck. That couldn’t be farther from the truth. After all, where would your team be without the families and support systems behind them?

Read More »

Why Your Team’s Families Are Such an Important Part of Your Organization2022-03-30T11:07:31-04:00

How to Overcome Obstacles to a Smooth Transition When Partners Retire

Every accounting firm goes through a lifecycle in which partners approach the end of their careers and emerging leaders take on their responsibilities and relationships. When properly managed, this can create a win-win-win situation. The partner can retire with peace of mind, rising professional advances in his or her career, and the organization benefits from a seamless transition in leadership without compromising the level of service delivered to the customer.

Read More »

How to Overcome Obstacles to a Smooth Transition When Partners Retire2022-02-16T07:06:27-05:00

Achieving Work-Life Well-Being: Organizational Support, Individual Responsibility

One could argue that the concept of work-life balance originated way back in 1817 when Welsh manufacturer and labor activist Robert Owen suggested dividing the day into three equal parts – eight hours of work, eight hours of recreation, and eight hours of rest. Of course, there wasn’t much balance before the Industrial Revolution as people worked an average of 65 hours per week. Farmers lived at the farm. Shop owners lived above the shop. Most of the modern barriers between work and life didn’t exist.

Read More »

Achieving Work-Life Well-Being: Organizational Support, Individual Responsibility2021-08-20T11:18:14-04:00
succession plans

How do you solve the shortage of succession plans? Make one

Since the audience for this article comprises accountants, let’s start with a number: 35%. What is that? It is the percentage of organizations in the United States that have “a formalized succession planning process.” Meaning just a little over one-third of U.S. businesses are prepared for....

Read More »

How do you solve the shortage of succession plans? Make one2021-07-12T21:29:50-04:00

How Recognition and Appreciation Change Lives for the Better

If the pandemic has given us one positive, it’s perspective. Frankly, the business and the work are just the business and the work. The health and well-being of real people – physical, mental, and emotional – are far more important.

Read More »

How Recognition and Appreciation Change Lives for the Better2021-08-20T11:14:07-04:00

How Should a Leader Respond When a Top Performer Decides to Leave?

“Did you hear Michael is leaving? That’s a huge loss! You can’t replace someone like that. Somebody screwed up big time. What do we do now?” This is a fairly common emotional reaction in the lunchroom when a top performer leaves

Read More »

How Should a Leader Respond When a Top Performer Decides to Leave?2021-08-20T10:59:50-04:00
HHS Funding
Advisory
Mar 26, 2021
| Scott Davis, CPA
|

HHS Funding for Healthcare Entities is Subject to Audit and the Guidance is Not New

Advisory | Mar 26, 2021

2020 created disruption in ways that were inconceivable before the pandemic.  And probably more so for healthcare entities than any other industry.  As our hospitals and healthcare providers have focused on caring for us,

Read More »

HHS Funding for Healthcare Entities is Subject to Audit and the Guidance is Not New2021-03-26T18:27:21-04:00
HHS Funding
Advisory
Mar 16, 2021
| Scott Davis, CPA
|

Good News for Healthcare Entities Regarding HHS Funding Audits: Nothing New, and Maybe No Audit at All

Advisory | Mar 16, 2021

As anyone in the healthcare field knows, the demands of the pandemic stretched and strained their resources, both human and financial, at unprecedented levels. To meet the task of caring for those afflicted by COVID-19,

Read More »

Good News for Healthcare Entities Regarding HHS Funding Audits: Nothing New, and Maybe No Audit at All2021-08-20T10:54:00-04:00

The Rubber Band Theory and the Pandemic: Will Business Snap Back to Pre-COVID Norms?

The rubber band theory has been applied to many areas of business and life, from investing and leadership to personality traits and dating. I’ve been thinking about the rubber band theory as it relates to the changes we’ve experienced

Read More »

The Rubber Band Theory and the Pandemic: Will Business Snap Back to Pre-COVID Norms?2021-08-20T10:55:47-04:00

Respect, Safeguard, and Value Your Time, Your Most Precious Commodity

During an interview with Bill Gates and Warren Buffett a few years ago, Gates was asked what he has learned from his fellow billionaire. Gates discussed the time Buffett showed him his paper appointment book, which was mostly empty.

Read More »

Respect, Safeguard, and Value Your Time, Your Most Precious Commodity2020-10-21T14:11:27-04:00

As the Pandemic Moves Us “Back to the Farm”, What’s Old Is New Again

"One of the technologies Vice President Al Gore is pushing is the information superhighway, which will link everyone at home or office to everything else – movies and television shows, shopping services,

Read More »

As the Pandemic Moves Us “Back to the Farm”, What’s Old Is New Again2020-06-22T13:37:15-04:00
Advisory
May 27, 2020
|By Nicole Bononi-Wilson, Esq., MAFM
|

Did a Deceased Loved One Receive a Stimulus Payment? The IRS Wants it Back. Now.

Advisory
|By Nicole Bononi-Wilson, Esq., MAFM
| May 27, 2020

A friend who received his stimulus payment as an actual check in the mail, knew I was working on this article and suggested I take a look at what the IRS sent him. Examining the official looking envelope.

Read More »

Did a Deceased Loved One Receive a Stimulus Payment? The IRS Wants it Back. Now.2020-07-20T15:58:43-04:00

Finding the Silver Lining During and After Times of Crisis

There is no sugarcoating the fact that the coronavirus pandemic is affecting everyone in our country. Businesses that require face-to-face interaction with customers, from restaurants to dentists to theatre companies, are being shut down.

Read More »

Finding the Silver Lining During and After Times of Crisis2020-07-20T15:57:33-04:00

Why Human Capital Is Your Organization’s Best Investment

Over the past several years, the concept of digital transformation has become a top business priority. As adoption of artificial intelligence (AI), cloud-based systems, the Internet of Things, and other advanced technologies continues to expand, organizations are weaving these tools into every business process and, in many cases, changing how they operate to optimize productivity, efficiency, and the customer experience. More and more organizations are investing heavily in technology-driven initiatives, as they should.

Read More »

Why Human Capital Is Your Organization’s Best Investment2021-08-20T11:17:25-04:00
Advisory
Aug 30, 2018
|Prager Metis
|

Craig Manzino Interview in Entrepreneur

Advisory
| Aug 30, 2018

Craig A. Manzino, a Partner-in-Charge of the Business Management Group of Prager Metis CPAs, was interviewed in the Entrepreneur, in an article titled: Cynthia Nixon Has a Corporation, and That's Totally Normal for Professionals Like Her. Click here to read the full article.

Read More »

Craig Manzino Interview in Entrepreneur2019-03-29T17:10:44-04:00
Tax Plan, PPP loans, PANDEMIC
Advisory
May 09, 2018
| Stuart H. Mayer, CPA
|

Blockchain in the Fashion Industry

Advisory | May 09, 2018

Blockchain in the Fashion Industry More often than not, the term that we associate with the word “blockchain” is “Bitcoin.” And while it’s true that blockchain technology was initially created to account for cryptocurrency transactions, it can be applied in so many other settings. A blockchain is a digital ledger that records transactions in ordered records called “blocks.” Each new piece of information is added to the record chain chronologically so that the blockchain reports the entire history from start to finish.

Read More »

Blockchain in the Fashion Industry2022-02-14T05:19:28-05:00
Advisory
Aug 11, 2015
|Prager Metis
|

Cyber Crime

Advisory
| Aug 11, 2015

Identity Fraud is on the Rise In the technological age, we do everything online, from buying groceries to doing our taxes. Although the internet makes our lives easier, and no one can argue the fact that doing your taxes from the comfort of your bed is more relaxing than going to your accountants’ office, the problem is you are opening yourself up to allowing a stranger to obtain your well-earned cash, and you might not even know it’s happening.

Read More »

Cyber Crime2020-01-03T10:04:41-05:00
Advisory
Jun 17, 2015
|Prager Metis
|

Understanding Business Valuation

Advisory
| Jun 17, 2015

Understanding Business Valuation For most entrepreneurs, their business is the largest asset that they own. Further, most entrepreneurs have built their company with an eye towards an eventual sale and retirement.

Read More »

Understanding Business Valuation2020-01-03T13:16:30-05:00