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Jul 21, 2017 9:00:00 AM

Fresh Funding Ideas to Fuel New Growth

Just about every business that creates a business plan will project some growth. While it’s important to set an intention around growth at the start of the year, it takes more than just a number in a forecast to successfully grow throughout the year. In many cases, it will take new money to make new money. Does your business plan account for the funding necessary to support your growth projections?

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Topics: Strategy, Growth

Jul 13, 2017 11:30:00 AM

A Checklist to Prepare for Growth By Merger or Acquisition

Many of us rely on lists and step-by-step instructions to get us through some of the simplest tasks in life, like grocery shopping. And yet, when it comes to something as complex as the sale or acquisition of a business, many entrepreneurs and executives are willing to “wander the aisles” aimlessly trying to figure a transaction out instead of doing the basic planning that they use to make a trip to the supermarket successful. If your business plan calls for a merger or acquisition, here’s a suggested checklist to keep your transaction on track.

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Topics: Mergers and Acquisitions

Jun 22, 2017 10:30:00 AM

4 Key Strategies for Fueling Growth in 2017 and Beyond

I don’t know if it hit everybody this way, but when I flipped my calendar over to June and realized that the next time I turned a page half of 2017 would be gone, I was a little shocked. We’re heading into a key time of the calendar year, when executives look at the 6-month numbers and start to get a clearer picture about the forecast for the end of the year. It’s time to ask some important questions about your first-half results and your second-half projections:

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Topics: Growth

Jun 15, 2017 11:00:00 AM

4 Changes Under the New Revenue Recognition Standard That May Affect Taxable Income

Just when you think you’ve got your financial reporting figured out, you hear about the impending new revenue recognition standards. At best, financial reporting under GAAP can be a convoluted task. Mix in the daunting tax implications of the new standards, and you’ve got a myriad of potential consequences affecting your tax liability.

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Topics: Revenue Recognition Standard

Jun 8, 2017 11:00:00 AM

6 Myths About the R&D Credit That Cost Businesses at Tax Time

The Research & Development (R&D) Credit may be one of the most misunderstood and underused incentives in the federal tax code. There are a lot of myths about the credit that cause businesses to think that it doesn’t apply to them or that, if it does apply, the value is so limited that it doesn’t deliver a significant benefit. Here’s a look at a few of the misconceptions that have cost businesses millions in missed tax credits over the years.

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Topics: Tax Credits, R&D

Jun 1, 2017 10:00:00 AM

Should the Annual Budget Cycle Go Away?

Raise your hand if you’re looking forward to your annual budget process this year. Obviously, I can’t see who has their hand up and who doesn’t. But I’m willing to bet that very few, if any, of you read that first line and thought, “Oh yeah, I can’t wait!” The yearly process of asking for the moon and getting back a lump of green cheese eats up a significant amount of a business’ productive time and can often have a negative impact on morale in many departments. Nevertheless, it’s unreasonable to think that any business can function effectively without an accurate forecast of the revenue and expenses expected in the months and years ahead. Many companies have turned to a more flexible and less onerous approach, the rolling forecast.

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Topics: Budgets, Annual Budget Cycle

May 25, 2017 11:00:00 AM

How the Talent Crunch Is Affecting the Middle Market

Mid-size companies today face significant challenges when it comes to finding, retaining and training qualified employees. The talent gap isn’t unique to mid-size companies, but it can have a more significant impact on businesses at this stage of growth because they must compete with larger companies to attract and keep talented employees. The talent gap can affect businesses in a number of ways, from decreased quality and customer service to lower job satisfaction among executives who find themselves buried in mundane tasks out of necessity.

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Topics: Leadership, Training, Middle Market

May 19, 2017 10:30:00 AM

Next-Generation Audits: What’s In It for You?

Like most businesses, we’re constantly seeking to improve our services. The biggest change we’re anticipating and planning for is automation of audit and internal audit services. There is a lot of discussion about how this development will impact the profession. But we’ve noticed that very little has been written about the impact of these changes to our clients. As we develop and deploy new technology for our audit projects, how will our services and delivery to you change?

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Topics: Audit, Innovation, Client Service

May 11, 2017 11:00:00 AM

Questions You Should Be Asking About Revenue Recognition

When I talked with folks here at HORNE about the topic for this post, FAQs on the new revenue recognition standards, I asked them what questions they were getting about the implementation process for the new rules. After a few conversations, it became clear that we were much more likely to come across revenue recognition issues in the course of other discussions with clients. We really haven’t been asked much about the new standard from private companies. Currently, most questions relate to infrequent transactions or the impact of new sales contracts.

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Topics: Revenue Recognition Standard

May 4, 2017 1:00:00 PM

Trump Tax Reform Outline Offers Much Hope, Few Details

Last week, President Trump released an outline of his tax plan. Many of you have probably seen or heard a few different snippets from it. While it was written very broadly, it is instructive on the administration’s thinking. It follows the House Republican “Better Way” plan in some respects but also has some major differences. 

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Topics: Tax, Tax Planning, Trump

Apr 27, 2017 10:30:00 AM

Top Trends Transforming the Gaming Industry

The Institute of Internal Auditors annual Gaming & Hospitality Conference was held last week in Las Vegas, Nevada. My first trip to Vegas and first time attending the conference left me with one major impression—the casino industry is changing as quickly as a game of blackjack can go south.

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Topics: Technology, Transformation, Casinos, Gaming

Apr 20, 2017 10:00:00 AM

4 Evolving Cyber Disruptions That Should be Included in Your Strategic Planning

In today’s business environment, market disruptions are a persistent topic of strategic planning discussions. Automation, artificial intelligence and increased connectivity will continue to drive our growth strategies, but it is crucial that organizations consider cybersecurity evolution in the strategic plans. Below are 4 evolving areas that will drive your organization’s success or peril over the next 3-5 years.

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Topics: Strategy, Business Planning, Cybersecurity

Apr 13, 2017 10:30:00 AM

Shifting Your Focus Toward Long-Term Growth

If you ask a dozen executives if their goals for their companies include long-term growth, you would probably get a unanimous “Yes” from the group. If you then asked them to define what long-term growth looks like at their companies, you might get a dozen different answers. In order to prepare a business for long-term growth, the first step is to understand what exactly needs to grow.

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Topics: Growth