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Financial Statement Concerns for Manufacturing Companies
Good accounting practices are an important tool for managing a manufacturing business. Given the industry's uncertainty, it is crucial to fine-tune financial statements for users of them to review reliable information. We have provided a guide below highlighting...
Business Owners: Ways to Improve your Company’s Internal Controls
Internal controls are not typically a topic at management meetings until fraud occurs in the company or is in the news. The idea of fraud happening in business is generally considered preposterous; we all have trustworthy employees and appropriate controls. However,...
Pandemic Affecting the Professional Services Industry
The professional services industry is feeling the impact of the COVID-19 crisis in a variety of ways. Firms are adjusting to remote working and new client engagement models, all while navigating demands in the face of growing uncertainty.
Applying for the Expanded Employee Retention Credit
The latest stimulus bill that passed in December 2020 provides for an expansion of the employee retention credit.
Construction Industry Economic Outlook in 2021
The pandemic has forced many construction companies and their customers to make contract modifications, including cancellations, delays, and increased construction costs. A recent survey of construction companies shows a challenging 2021 for the industry.
New Round of Grants for Olmstead County Businesses
Rochester Area Economic Development, Inc. (RAEDI) announced they will oversee the Olmsted County State of Minnesota Small Business Relief Grant Program.