HCJ CPAs & Advisors | audit * tax * consulting

In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14: Not-for-Profit Entities (Topic 958) – Presentation of Financial Statements of Not-for-Profit Entities. The updates went into effect for fiscal years starting after December 15, 2017. The new standards include the changes...

This article discusses how family business owners have to decide whether to sell their business or hand it down when they want to retire. Both sides have their advantages such as retirement funding and ensuring family well-being for a specific amount of time. However, there...

This article discusses some of the top things that you can do as a business owner in order to protect your business against fraud. From learning basic definitions to what a forensic accountant could do for you, different methods are outlined in this article. Be...

This article discusses how hard it is to ensure that your family business survives to the next generation. With the help of these best practices like setting boundaries, dividing roles and responsibilities, and treating family members fairly, your business could be on its way to...

This article discusses how utilizing some best practices can go a long way when evaluating a business. Examining stock prices, assets, cash flow, and the surplus in debt, should be considered each and every time a business is valued. In addition, bringing in a professional...

This article discusses how technology is changing the way small businesses operate on a day to day basis. From working from home to social media marketing, these tech advancements are vital to staying up to date as your business grows. To view this article, click HERE...

This article discusses the advantages of bookkeeping and doing it the right way for your business and your personal life. There are ways to do it without a CPA, but having an accountant on your side can prove to be a difference-maker. To view this article,...

This article discusses how marketing has changed over the years and what you can expect/need to know heading into the new year. Whether it is the use of A/B split testing or integrating AI to do simple, repetitive tasks, marketing is changing the way businesses...

This article outlines the best practices that your business can take in order to increase growth. The best part is that none of them require more money! Whether it is billing faster or streamlining your marketing message, these tips can really propel your business as...

This article discusses the instant gratification that we seek when it comes to the business industry. We want to buy low and sell high as soon as we can, but that may not always be the best move. From establishing autonomous operations to leaving your...