Top August Resources From Creative Planning Business Services
Our team is discussing data management procedures, exploring enterprise solutions, sharing accounting resources, providing tips for implementing new human capital management software and more!
Are you confident in your data management procedures, or are you guilty of data hoarding at your organization?
Workplace flexibility and cloud storage have made effectively tracking and organizing data difficult, but keeping a lot of data around isn’t necessarily a bad thing. What’s crucial is having a line of sight on the data being stored on work devices and setting policies that protect against security risks. Our Information Security team is sharing some ways to avoid data hoarding at your business.
Are your sales forecasts based on facts and data or guesswork and gut feelings?
When contemplating any technology upgrade in an organization, especially one requiring a substantial investment of resources (such as a new enterprise resource planning (ERP) system), there must be a clearly defined tangible benefit for improving the company’s competitive performance. If you’re curious about upgrading your ERP software but aren’t sure where to start, our team is diving into the top things to consider when assessing ERP software.
Do you know how the Generic Legal Advice Memorandum (GLAM) addressing the employee retention credit (ERC) and supply chain disruptions impacts your business?
The IRS is taking a narrow view of how to apply a supply chain disruption as being a qualifying event for ERC purposes. If your business has experienced supply chain issues that align with the IRS’s requirements and you haven’t yet applied for the ERC, it’s recommended that you reach out to your trusted tax advisor and review this employee retention credit update.
Which tax structure makes the most sense for your business?
Deciding which tax structure aligns best with your unique business needs may seem complicated, but it doesn’t have to be. By evaluating your business goals and activity types, you can feel confident selecting a tax structure that’s beneficial to you and your tax strategy. Focus on making your small business dreams a reality and consider partnering with a tax professional to select the right tax structure for your business.
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Does your organization house sensitive data?
The answer is most likely yes, especially if your business has a payroll or handles any sort of financial information. With internal controls, there isn’t a one-size-fits-all strategy. Depending on your business type, industry, size and structure, the controls you’ll need to run compliant operations will differ. The practices outlined in this article are an excellent place to start and will help you evaluate the strength of your internal controls.
Is your organization planning to upgrade and implement new business software?
Implementing new business software is challenging and even more complex when upgrading human capital management (HCM) software because the transition directly impacts key processes like payroll and timekeeping. Changing these areas not only affects your business operations but also your employees (in both their work and home lives). Not sure where to start? Here are six major things to consider before you implement new business software.
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As we continue our transition from BerganKDV to Creative Planning Business Services, we remain committed to delivering client-centric business, financial and technology solutions that help solve a diverse range of issues and challenges. Please contact us with any questions.