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Oct
15

The Federal Financial Institutions Examination Council (FFIEC) has directed regulators to spring pop quizzes on banks during upcoming examinations. The FFIEC recently launched a pilot cybersecurity assessment program involving more than 500 community banks. Beginning this summer, during regularly scheduled examinations, regulators will assess how these banks manage cyber risks–including vendor management and threat intelligence. ….

Oct
07

Creating a profit in a manufacturing and distribution company is a multi-pronged activity, but one of the most important prongs involves improving company and employee efficiency. Why? For many reasons, increased sales do not always translate into increased profits. First, as underlying material costs increase, a business owner may find the margin closing between revenue….

Oct
01

Are you hoping to obtain bank financing for your business? CRI’s accounting professionals recommend starting by realistically assessing your financing needs and gathering the information to make it happen.  Below is a brief outline of suggested steps to open the ears of the lenders. At least provide the bare minimum. At a minimum, proactively consider….

Sep
26

Countdown to Year-End: 3 Preparation Strategies for Contractors

 

Halloween is right around the corner. It may seem scary, but it’s time for contractors to being year-end tax planning. Waiting until the last minute can be a costly mistake.

Watch as Larry May and Dean Horne discuss the timing of equipment purchases, jobs in progress, and bonuses to owners and employees.

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Sep
23

Navigating the Maze of Retirement Planning Options

 

According to the Federal Reserve’s latest Report on the Economic Well-Being of U.S. Households, 30% of non-retired respondents have no retirement savings or pension – including nearly 20% of those ages 54-64. Finding a plan that suits your individual needs is the key to planning for your retirement.

Watch as Michelle Stinnett and Dave Sietsma discuss navigating the maze of retirement planning options for traditional employees, small businesses, and self-employed individuals.

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Sep
19

As healthcare reimbursements continue to decrease and the responsibility of healthcare costs shift to patients, medical practices must properly manage patient accounts receivable to keep cash flowing into the practice. Many employers are moving away from traditional health insurance plans as employer insurance costs continue to rise. High deductible health plans (HDHP) offer lower premiums….

Sep
17

A business doesn’t have to produce aircraft carriers to provide a service or product that is marketable to the Federal Government. Businesses specializing in information technology, systems engineering, and testing and evaluation are good examples of businesses that contract with the government. Government contractors must follow complex rules and regulations to comply with awarded contracts,….

Sep
10

Community Health Systems (CHS), the largest for-profit hospital company in the U.S., recently announced a massive patient data breach due to an unprecedented malicious software (a.k.a. malware) attack. Per CHS’ disclosures, in April and June of 2014 the company experienced sophisticated malware attacks from a group that may have originated in China. Names, addresses, and….