The straight line

Few things in life are certain, but when disaster strikes, the number of fraud incidents will probably skyrocket. In the wake of a hurricane, tornado, flood, fire, earthquake or other unexpected catastrophe, fraudulent operators are always quick to surface. Often, however, they carry warning signs to alert savvy business owners. Construction Con Jobs Construction fraud is...

It can be a hard choice to make, but successful companies often have to make strategic decisions to “fix it or exit.” In other words, every element of a business must earn its keep, be fixed or let go. Companies must have a growth and profitability mentality that prompts them to maintain their winning profit centers and...

Most Americans hate receiving unsolicited telemarketing calls. Inevitably, they seem to happen at the worst possible times — when you’re sitting down to dinner, tuning in to your favorite television show or drifting off to sleep. Fortunately, the Federal Trade Commission (FTC) allows you to sign up for the Do Not Call (DNC) registry. In general,...

What we have seen in 2015: Credit unions have seen their profitability continue to stabilize in 2015 when compared to 2014. Through the first six months of 2015, credit unions maintained a return on assets of 0.80% which is exactly what it was a year ago. For the first half of 2015 the interest margins...

Thank you to everyone who was able to attend our hospitality room in Minneapolis on December 3rd during the CHS Annual Meeting. We have had the pleasure of hosting a hospitality room during this annual event for many years now, and were very pleased with the turn out this year! We enjoyed spending time with...

A couple key accounting updates that were identified in our Spring 2015 Newsletter as “Updates in the Works” were finalized by the FASB in the second half of 2015: Presentation of Deferred Income Tax Accounts In the past, deferred income taxes were allowed to be classified as either current or non-current and presented as such...