Insights

6 ways having a SOC report adds value to your organization

Never heard of a SOC report? You’re not alone, but we expect you will be hearing about them soon. SOC reports or System and Organization Control reports are becoming more prevalent because more and more companies are outsourcing services. When…

Top SOC-related questions answered

By: Stacie Grimm – LWBJ, Mike DeKock – LWBJ and Ben Hall – Pratum As you may or may not know, Security and Organization Control (SOC) reports are one of the fasting growing areas in the assurance industry and there…

Clarifying the CARES Act – Businesses

This is the second blog in a series of two focused on the CARES Act. The first blog focuses on impacts to individuals while the second focuses on impacts to businesses. The $2.2 trillion coronavirus economic stimulus bill passed on…

Clarifying the CARES Act – Individuals

This is the first blog in a series of two focused on the CARES Act. The first blog focuses on impacts to individuals while the second focuses on impacts to businesses. With new information coming at us daily it is…

Should you consider amending your 2018 tax return?

We understand that you’re focused on 2019, so why even consider revisiting your 2018 return? Well, some key tax breaks were resurrected in a tax law signed in 2019 that might make it worth your while. The tax extenders package…

7 value drivers to consider as you prepare to sell your business

What are value drivers? Why does one business have potential buyers lining up and another seemingly successful business sits on the market for months? Value drivers are the characteristics buyers look for as they research a potential business to acquire.…

Are you in compliance with the new rule on overtime pay?

The Department of Labor has updated the earnings thresholds that exempt executive, administrative and professional employees from minimum wage and overtime pay requirements. These thresholds were last updated in 2004, so you should review your pay practices to ensure you’re…

Why you should be planning for new Iowa tax savings, this fall

Iowa is slowly but surely catching up with federal tax reform under the concept of “rolling conformity.” By systematically implementing reform over the next few years, the state is creating significant opportunities for planning and saving. Knowing when Iowa tax…