Economic upheaval brings with it the increased risk of fraud. Heightened anxiety may cause employees to forget security procedures or overlook discrepancies. With the massive increase in telework, cybersecurity efforts are stretched thin: staff is connecting to different, possibly insecure, networks or using personal computers for professional tasks. Companies that have not previously built out […]
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When contractors and subcontractors work side-by-side on a job site, it can be difficult for companies to distinguish their responsibilities under joint employer rules. Construction industry groups were pleased when the National Labor Relations Board (NLRB) issued its new final rule in February 2020. However, despite clarity from the federal agency, the myriad of changes […]
The growth of America’s service sector as well as the rise in remote work during the pandemic raises important tax questions for companies that are active in multiple states. With no national standards, the issue was complex enough when companies had operations and contractors in other states. But now that many organizations have remote-working employees […]
In the construction industry, it can take time before contractors feel the effects of a recession or economic disruption. Jobs you’re working on right now can offer a sense of security, yet as contracts are canceled and clients delaying upcoming projects, the situation can become more stressful. As the industry navigates the economic downturn brought […]
Business continues during the pandemic. Any owner who thought they could put their operations into hibernation until the crisis was over soon faced the realization that the show must go on. Business deals have continued, as well. For anyone selling or acquiring during these times, a new question has emerged: What is your business or […]
Valuation analysts are often charged with determining when an owner is compensated reasonably. Part of this process is determining what an employee would be paid in the role that the owner occupies. It’s a tricky process and one that requires valuation analysts to utilize a variety of metrics, intuition, and experience. Here’s what they evaluate: […]
Nonprofits should adopt a thoughtful, agile fundraising strategy to align with their donors during the pandemic. Don’t Stop Research on nonprofit performance in the aftermath of a crisis has indicated it’s imperative to keep fundraising efforts active – pausing will only make it more difficult to recover financially. There is bound to be reluctance from […]
TJ Rigg has joined the Accounting and Audit practice at Dembo Jones. TJ graduated from McDaniel College in 2020 with a B.A. in Business Administration and Accounting Economics and interned with Dembo Jones in the summers of 2018 and 2019. Welcome, TJ!
Changing circumstances require adaptation. This is especially true as nonprofits seek to navigate a pandemic world where their work is more valuable than ever, but resources may be harder to come by. How might nonprofits not only endure the pandemic, but emerge stronger, more efficient and primed to tackle the challenges faced by the communities […]
Countless businesses have utilized the Paycheck Protection Program (PPP) to keep employees on payroll during the shutdowns and restrictions of the pandemic. However, as businesses look to take advantage of the loan forgiveness options, it is important to fully understand the rules and regulations of the program, especially when it comes to the record keeping […]