How Digital Business Is Changing State Tax Exposure
Digital sales, software, inventory, and multistate operations can expand a company’s state tax footprint. Understanding where obligations arise can help businesses manage exposure and plan...
As employees use the summer to take time off, managers are charged with juggling coverage. Meanwhile colleagues struggle to assume new roles and responsibilities if only on a temporary basis. Even the most adept can find this challenging. What if,...
As employees use the summer to take time off, managers are charged with juggling coverage. Meanwhile colleagues struggle to assume new roles and responsibilities if only on a temporary basis. Even the most adept can find this challenging. What if, as opposed to business as usual, we took a step back and approached coverage as an opportunity for process improvements and internal controls instead of a hurdle to the everyday?
This year, ask yourself: Are we communicating, cross-training, and collaborating in a way that makes a temporary shift as seamless as possible? Moreover, are we truly functioning as one unified and synergistic team?
AAFCPAs suggests the following six main areas of focus to help clients improve coverage processes over time.
Time off is crucial to retaining a motivated team of professionals. This summer, be mindful about the ways in which your team functions during vacation coverage. Encourage open dialogue to better understand what might be improved and, more importantly, be willing to take action based on shared observations. The market is constantly in flux, and turnover remains one of the most expensive and stressful challenges we face. There are ways to balance the needs of the organization, the covering employee, and team members who need time off. Use the season as a tool to reassess and consistently improve.
AAFCPAs’ Business Process & IT Consulting practice helps clients optimize process efficiency, mitigate risk, and get the most out of their technology investments. If you have questions, please contact Stuart Karas, Associate, Business Process & IT Consulting at skaras@aafcpa.com or 774.512.9095 or Robyn Leet, Partner, Business Process Assessments & Attestations at 774.512.4010 or rleet@aafcpa.com—or contact your AAFCPAs partner.
Digital sales, software, inventory, and multistate operations can expand a company’s state tax footprint. Understanding where obligations arise can help businesses manage exposure and plan...
In cannabis transactions, key details may carry over after the deal closes. Understand how prior tax filings, Section 280E, and deal structure can shape a...
From the monthly close to internal controls and board reporting, strong financial management depends on a series of interconnected practices. AAFCPAs’ David Kelleher and Lauren...