Updated 7/30/2019. I recently visited a client company with over 750 employees. The HR staff kept track of vacations on a spreadsheet. Anyone considering taking time off would first call up some poor overworked HR rep and see how many days they had remaining. That rep would have to then manually update the remaining totals.
I have to imagine that was pretty much how that staffer spent his or her summer months at work.
This same company had a total of about ten spreadsheets keeping...
By Angelique Zitz, CPA
One of the most common causes of chronic problems in accounting departments is having the wrong people on board – or the right people in the wrong positions. In other words, things can go terribly wrong when the education, work experiences and career trajectories of your personnel do not match up with your expectations.
With that in mind, here are some of the ideal minimum requirements for business process optimization you should look for under most circumstances...
When things go wrong in your accounting department, you’re sure to feel the pain — especially if errors are common. Problems and irregularities can crop up for several reasons. For instance, your accounting staff might be inadequately trained, or they’re just not suited for the job.
But the cause could also be much worse: someone is stealing from your company.
Let’s take a closer look at both scenarios.
Everything from inadequate training to incompetence could...
By: Fatima Wallizadeh, former Audit Staff member
Life never prepares you for a loss. When a personal tragedy suddenly pierced my family and I, it was one of the toughest experiences we have ever encountered. Unfortunately, this tragedy occurred in the midst of busy season at Wiss, the most frenzied and exigent time of year at any accounting firm. Now not only would I have to cope with the tragedy—I would have to steady the myriad responsibilities that occur during this period on...
By Brian Harden
Across industries, the most effective managers understand that leading by example is the best way to influence corporate culture. In the realm of accounting ethics, this concept is known as Tone at the Top.
The premise is simple: Employees look to management for leadership, and odds are high that their behavior will mirror the conduct of their bosses. If managers act with honesty and integrity, employees will generally follow suit. By the same token, if workers see...
By Wiss Employee
In order to boost the state’s revenues, Governor Christie withdrew from a decades old tax agreement with Pennsylvania back in September. It left many business owners and employees anxious about 2017 income taxes and filings. Read in our past blog post about the repercussions of withdrawing from the agreement.
On November 22, Gov. Christie announced that the reciprocal agreement with Pennsylvania will remain in place. New Jersey and Pennsylvania residents that...
By Paul Peterson
Attracting innovative, young hires is very essential to Wiss. These workers maintain the vibrant, creative culture we strive to preserve, which is why we often search for young professionals in their 20’s that exhibit these dynamic characteristics.
Through numerous interactions with many millennials, there are several tendencies that are found within business youths of today, such as open-mindedness and the ability to harvest valuable relationships. Here are four...
By Kimberly Bustamante
In a classic psychology experiment, teachers were told that their students had taken an aptitude test from Harvard that would predict which students would be high achievers in coming years. The researchers did not put into place any special treatment or academic program for these students, they just told the teachers these children had been tested and found gifted.
What the teachers didn’t realize is that these tests were actually fake. The “gifted”...
By Jim Gerhard
Businesses have long utilized independent contractors as a means of leveraging the highly trained services of other professionals. Independent contractors provide their own tools, training and expertise. This saves the hiring company the cost of teaching someone how to do the job.. When the work is done, the hiring company simply pays the agreed-upon fee, and both parties go on their way.
But are contractors always independent? The Affordable Care Act has given this...
By Wiss Associate
This year, the 34-and-under generation will surpass baby boomers as the largest slice of the U.S. population — and they are a steadily growing segment of the business startup class. As their influence expands in entrepreneurial America, it becomes important to understand how they differ from the boomers and Generation X workers who preceded them.
Studies have shown that millennials want to think of their work lives as furthering a purpose, not just bringing home...