Work Sabbatical: Lessons Learned from a Month Away

Have you ever felt like you’re running on empty? While you probably need a vacation, a few days away from your desk may not be enough rest to regain control over your professional life. Overworked employees lead to huge problems in the workplace. In fact, 95% of HR leaders say that employee burnout is detrimental to retention. This scenario is a primary reason more and more companies are beginning to offer a long-term sabbatical to their employees. Read More “Work Sabbatical: Lessons Learned from a Month Away” >

Why I Am AC Lordi: Katie Smart

When I graduated from the University of Scranton four years ago, I entered a world full of potential. I had the freedom to pursue my goals and explore my passions – I could become whatever I envisioned. But with freedom to explore comes the difficulty of forging a new path forward. I knew that I was headed towards a career in the financial field, and I knew that I didn’t want to end up as another cog going in circles in a giant corporate machine. I wanted to challenge myself and solve problems; to be invested in the results I produced and make an impact I could actually see. Read More “Why I Am AC Lordi: Katie Smart” >

How to Avoid 5 Common Errors with Employee Benefit Plans

For years, employee benefit plan audits were considered “busy work” for the summer by many audit firms. Over the last decade and a half, however, they have become recognized as complex audits. There are a great deal of rules to the Employee Retirement Income Security Act of 1974 (ERISA). Failure to comply with these regulations could result in fines, penalties or even loss of qualified status.

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New Standard Alert! Five Provisions Not to Be Overlooked in the Revenue Recognition Standard

As most are aware by now, the Financial Accounting Standards Board issued ASC 606, Revenue from Contracts with Customers, in May 2014. In August 2015, implementation of the new standard was deferred one year. Generally, what that means is that public companies will have to begin to apply the new standard beginning with the calendar year 2018. Private companies have the election of deferring application until calendar year 2019. While this timing may sound far away to some, most companies should begin the analysis and implementation process now.

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New Standard Alert! Answers to Five Questions on the New Lease Accounting Standard

After years of debate and several iterations of exposure drafts, the Financial Accounting Standards Board (FASB) finally issued ASU No. 2016-02 in February 2016. This ASU established a new section within the codification as ASC 842 which, when effective, will supersede the previous lease guidance within ASC 840.
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