Blog Archives: Julie Eisenhauer

As an executive, if you don’t receive accurate and timely end-of-month financial reports, your business could suffer in a multitude of ways:

  • You’ll be unable to identify errors in a timely manner, allowing the inaccuracies to balloon.
  • Year-end reporting will take longer than necessary.
  • Fraud is more difficult to detect.
  • And, you’ll lose the ability to capitalize on key performance indicators.

The ABCs of the Monthly Close Process

At the end of each month, the accounting department must reconcile the books with supporting documentation. Management then uses these statements to make decisions.

 » Read more

With the start of a new year, many restaurant and retail businesses create budgets and develop plans to refresh their facilities to meet the changing needs of consumers.

If your establishment is among those planning (or already undertaken) a remodel or refresh, I have some good news for you.

The Internal Revenue Service has recently issued a revenue procedure that provides a safe harbor method of accounting for certain expenditures incurred in remodeling or refreshing of restaurant and retail establishments.

The safe harbor clarifies which costs may be deducted immediately and which must be capitalized and depreciated over time.

 » Read more

Do you have employees who work within the City of Tacoma? Effective February 1, 2016, Tacoma’s Paid Leave Ordinance becomes effective for all employees who work over 80 hours in a calendar year within the Tacoma city limits.

Employers under this ordinance will be required to provide 1 hour of paid leave for every 40 hours worked by an employee in the City of Tacoma. Employees can begin using their accrued paid leave 180 days after their hire date. Under the Paid Leave Ordinance, employees can use paid leave for their needs or the care of a family member for medical reasons,

 » Read more

The NCAA March Madness basketball tournament is an exciting time of year, where athletes compete at the highest level against long-time rivals. It is the time for teams to match their skills against their competition and vie for the opportunity to cut down the net.

It’s not too late for companies to hold their own financial March Madness. As the first quarter of 2015 is wrapping up, now is the time to evaluate your company’s performance against goals, your peer group and/or industry standards. Is your company’s first quarter performance at a level where you can compete in the Final Four?

Benchmarking is an effective tool that management can use to assess the company’s relative position or performance.

 » Read more

I recently read a couple of articles that caught my attention because they highlighted the important responsibility employers have in management oversight of their sponsored retirement plans.

One lawsuit was recently settled for $62 million, in which the employees accused the employer of mismanaging their 401(k) plan. The lawsuit stated that the employer hid excessive fees and invested in conservative investments that resulted in diminished investment returns for plan participants. In another case, the U.S. Supreme Court will soon hear arguments where participants in a 401(k) plan argued that they were being charged excessive fees.

These cases raise the question: what are the employer’s fiduciary responsibilities with respect to retirement plans they sponsor?

 » Read more

Media Contact

Melissa Takade
Director of Marketing
Clark Nuber
Phone: 425-454-4919
Contact Melissa