Insights
AGC COVID-19 Survey Uncovers Rising Project Cancellations
The arrival of COVID-19 created new and unanticipated circumstances for individuals and businesses. The announcement of stay at home orders and forced business closures led to changes that have had a devastating impact on the Texas economy. Individuals were no...
What is Your Ransomware Response Plan?
How much are you willing to pay to get your data back from a ransomware attack? Did you know the average cost for a company to ‘recover’ from a ransomware attack is over $84,000? Keep in mind this average was prior to the global pandemic which forced many of us to...
Global Tax Planning in the Post-COVID 19 Economy
The global pandemic known as COVID-19 will undoubtedly continue to reverberate throughout the world economy. As businesses struggle to regain some modicum of normality, questions about business planning will naturally make themselves obvious. Particularly for...
What Private Companies Should Consider if They Haven’t Issued 2019 Audited Financial Statements Yet
Are you a private company and have not issued your 2019 audited financial statements yet? Maybe the business interruption of the COVID-19 pandemic put your resources elsewhere or maybe the decrease in commodity prices had you putting off your 2019 audit, but now...
Strategies for Effective Vendor Management
Managing your vendors can be a time-consuming process. Some larger organizations employ FTEs dedicated solely to vendor oversight and management; others may engage a third-party to execute this function on the organization’s behalf. No matter which path a company...
DOL Adopted Additional Safe Harbor for Plan Administrators
During the end of May, the US Department of Labor (DOL) adopted a new and additional safe harbor allowing plan administrators to use electronic media, as a default, to furnish covered documents to participants and beneficiaries. The adoption alleviates a costly...
Relaxing PPP Rules – New Law Signed and What it Means to Businesses
On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law, which is a bipartisan effort to address the many concerns expressed by small business owners around the Paycheck Protection Program (PPP). The new law is an attempt to...
Revenue Recognition Effective Date for Private Companies Adoption Delay
For private companies who have not yet adopted the revenue recognition standard, (FASB ASC Topic 606, Revenue from Contracts with Customers), there is good news to report. Last week the Financial Accounting Standards Board (FASB) voted to extend the one-year...
IT’s Catch-22 and How to Overcome the Paradox
Anyone who has ever been responsible for an organizations’ IT knows of the Catch-22 paradox, those situations with conflicting key requirements that can appear to be at odds with one another. A prime example of this is the balancing act that IT leadership must walk...
