Category: Audit & Accounting
March 11, 2019 by Staff
There is a buzz around Sales Tax due to last summer’s Wayfair Supreme Court decision. This decision changed a long-standing rule requiring a physical presence in a state before a business had to collect sales tax. Physical presence in no longer a requirement. States are taking advantage of this change...
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March 7, 2019 by Staff
Implementing the right ERP system within your business can have a big impact on your productivity and bottom line, but selecting the right deployment method can be a challenge for decision-makers. Very few – if any – ERP providers offer multiple hosting options for their platform, often requiring organizations to...
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February 25, 2019 by Staff
Many businesses have considered upgrading their ERP system but have been afraid to do so, fearing the implementation will end up costing them too much time and money while also disturbing the processes they have grown so accustomed to. However, once you factor in the benefits inherent in upgrading to...
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On June 21, 2018, the US Supreme Court issued a decision in South Dakota v. Wayfair overturning the physical presence requirement commonly applied to determine sales tax nexus and opening the door for economic nexus. What that means is the federal government will allow each state to determine whether a...
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The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 Leases early in 2016. The primary purpose of the new standard is to present on a balance sheet leases that otherwise would have been treated only as an expense in an income statement. The standard impacts those who...
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