Archives: Insights
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.
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.
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.
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.
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?
Feb 2, 2024
Newsletter
Benefit Insights | Winter 2024
Plans must be tested each year to ensure that they are compliant with the laws governing retirement plans. To understand the testing performed for your plan, it may be helpful to review some of the terms that are commonly used. First, let’s examine how your plan’s noteworthy individuals are identified.
Dec 20, 2023
Newsletter
Plain & Simple | Winter 2023
As you gear up for business in 2024, take a look at recent history to understand the changes and challenges businesses have faced: Inflation, supply chain interruptions and delays, rising interest rates, the threat of recession, and global instability.
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.