Insights | Rea CPA - Part 8
Author
Feb 15, 2024
Article

Important Information Regarding the Corporate Transparency Act

The Corporate Transparency Act (signed into law on Jan. 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US. Beginning in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) in an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity. 
Author
Jan 18, 2024
Article

Business and Data Privacy: A Shared Responsibility

In the vast expanse of the digital age, the nexus between technology and privacy compels businesses to assume a crucial role in safeguarding the data entrusted to them. As we approach Data Privacy Week 2024, it’s imperative to explore the intricate sides of this collaborative responsibility that businesses and individuals jointly bear. This article delves into the critical aspect of legal and ethical compliance, emphasizing its profound impact on fostering trust, ensuring transparency, and navigating the evolving regulatory landscape.
Jan 9, 2024
Article

Mastering the Craft: Strategies for Keeping Your Best Talent Onboard

Employee retention stands as a cornerstone of sustainable success. As key talent trickles out, revenues suffer a direct hit, underlining the domino effect of not holding onto essential personnel. Beyond tangible losses like training expenses, businesses grapple with intangible costs – the erosion of institutional knowledge and the ripples in morale that can unsettle even the most stable teams.
Author
Jan 5, 2024
Article

New Year’s Resolutions: Cyber Security Edition

As the clock strikes midnight and the calendar flips over to a new year, many of us embark on the tradition of setting New Year's resolutions. Whether it's hitting the gym, learning a new skill, or finally tackling that reading list, resolutions are a way to usher in the year with optimism and a commitment to self-improvement. However, there's one resolution that often gets overlooked amid personal goals: cybersecurity. In the digital age, protecting your business from cyber threats should be at the top of your resolution list. Let's explore why and how you should make cybersecurity a priority, and why waiting until the new year might not be the best strategy. 
Author
Jan 4, 2024
Article

Hidden Treasure: Why Regular Inventory Counts Matter for Your Restaurant’s Bottom Line

Running a successful restaurant is no easy task. Every element must come together exactly right, from recipes to staff to finances. However, one often overlooked part is inventory management. You might be thinking, "Does it really matter if I count inventory at my restaurant?" The short answer: absolutely. Let's delve into the details of why keeping a close eye on your inventory is not just a chore but a crucial aspect of running a successful restaurant.
Author
Jan 4, 2024
Article

Bringing Your Own Device into the Workplace: Navigating the New Norm

In our fast-paced digital world, the Bring Your Own Device (BYOD) movement has transformed from a growing trend to an essential part of modern workplaces. Understanding and effectively managing BYOD is crucial. But what does this mean for your business, and how can you balance the benefits with the inherent risks?
 
Dec 20, 2023
PR

Rea & Associates Announces Recipients of the 2023 Spotlight Awards

Rea & Associates, a leading regional accounting and business consulting firm, is proud to announce the winners of the 2023 Spotlight Awards. These awards honor exceptional employees for their significant contributions to the community, exemplary client service, innovative practices, and embodying the firm's core values. The recipients were celebrated at the firm’s annual retreat.
 
Dec 18, 2023
PR

Rea & Associates Announces 2023 New Equity and Income Principals

As 2023 draws to a close, Rea & Associates, a prominent regional accounting and business consulting firm, takes a moment to acknowledge the outstanding accomplishments of its team members. The promotions highlight a deep commitment to excellence, exceptional client service contributions, and an unwavering dedication to professional growth.