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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

Apr 7, 2017 10:30:00 AM

Will Artificial Intelligence Make Accountants Obsolete?

(Spoiler alert: Your favorite accounting and advisory firm is not about to write a blog post to announce that we’ll be replaced by technology.)

As a baby boomer, my accounting career has coincided with an exponential growth in the application of technology to the work that CPAs do. As a young staff auditor in the early 1980s, I recall lugging around “portable” computers that looked more like sewing machines than today’s ultralight laptops and tablets.

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Topics: Anticipatory, Transformation, Artificial Intelligence

Mar 31, 2017 11:30:00 AM

Building a Culture to Attract the Millennial Worker

I started with HORNE fresh out of college a little over 10 years ago. I’m part of the Millennial generation, usually described as those born between the early 1980s and 2000. Many of the qualities that make a workplace attractive to my generation started to evolve as generations ahead of us struggled to integrate new and faster computers into jobs that previously had little or no automated assistance. The key difference for Millennials is that some form of information technology or automation has been a part of our lives throughout our formative years, and that creates certain expectations about how technologically savvy our employers will be.  

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Topics: Recruiting, Culture

Mar 21, 2017 10:00:00 AM

When Will Washington Finally Pass Tax Reform?

Since last year's election campaign began, a consistent chorus from politicians has been the need for tax reform. While Republicans and Democrats will disagree on the details, the overall notion is popular. Now, with control of both houses of Congress and the White House, it would seem that Republicans could move a plan of their choosing with little problem.

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Topics: Trump, Tax Reform

Mar 16, 2017 10:00:00 AM

Managing Changes in Tax Rates

To close out our series, Top Middle Market CFO Challenges for 2017, we see a key concern for CFOs this year is managing financial strategies in light of the potential changes in tax laws. There will certainly be new changes to tax regulations in the coming years. This is welcome news to the business leaders surveyed by CNBC. Of this group, 73.9 percent of U.S.-based CFOs agree that Trump's principal focus should be corporate tax reform. In response, the new Congress and President have made tax reform a key element of their policy agenda. How these changes impact your business and how you capitalize on them will help drive your success in coming years.

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Topics: Tax, Tax Planning, CFO

Mar 9, 2017 11:00:00 AM

Protecting the Organization From Growing Cyber Threats

As we continue in our series, Top Middle Market CFO Challenges for 2017, the growing threat of cybercrime is becoming top of mind for today’s CFOs. Cyberattacks are on the rise. In 2016, the number of US data breaches increased 40%—an all-time record high according to the Identity Theft Resource Center.

It may be easy to assume that the responsibility for addressing cyber risks rests with your IT department, because after all, these appear to be mostly IT-related risks. However, what may be less obvious are the very significant financial risks involved with a cyber breach. This should be keeping most CFOs up at night. 

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Topics: Cybersecurity, CFO

Mar 2, 2017 10:00:00 AM

How to Gather and Leverage Big Data to Drive Business

As we continue to explore the top middle market CFO challenges for 2017, it is clear that the CFO’s role is changing to focus more on providing strategic guidance to support the organization’s growth and decision making. Last week’s blog addressed how CFOs need to optimize working capital and to effectively accomplish this requires executing real time data analysis and predictive analytics to make the best decisions from the information that is available.

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Topics: Strategy, Big Data, Forward Thinking