The Power and Pitfalls of Pressure

By Wiss, Posted in General Business

By Connor Doyle There are few things done in the business world that are performed at a leisurely pace. Owners don’t wander through their fiscal year, money doesn’t change hands without intent, and bosses don’t demand 10% of one’s abilities within a project. More often than not, there’s an urgency to requests. There’s an unspoken agreement that a concerted effort will be made towards completion in a timely manner. With that request comes pressure, and with that pressure... read more.

Utilizing a Triple Bottom Line Approach for your Future Success

By Wiss, Posted in General Business

By Arnold Macalintal Yes, businesses can do good while also maintaining a healthy balance sheet and income statement. That’s the premise behind a triple bottom line approach, also known in some circles as TBL, or 3BL. The intent isn’t just to meet the company’s financial bottom line—it’s to focus on two others as well: social and environmental impact. The idea is to give equal consideration to the importance of people, planet and profit for the overall betterment of the busine... read more.

Advice for Accounting Newbies: Words of Wisdom for Future Staff 1’s

By Wiss, Posted in Workplace Culture

By Danielle Patton Stepping into a brand new position in the accounting industry can be both exciting and intimidating. Even if you have acquired internships in the past, clocking in on your first official day as a Staff 1 will unlock access to a completely divergent domain full of new experiences and opportunities. To prepare yourself, here is some inspirational advice from our very own Wiss team, sharing some pointers on how to make your Staff 1 experience as unique and beneficial as possible! “B... read more.

Enhancing Business Leadership and Performance Through Awareness Training

By Wiss, Posted in General Business

By Dr. Nick Molinaro, Ed.D., P.C. Successful business leaders have a skill set that includes curiosity, wisdom, courage, creativity, tenacity and the ability to lead, motivate and energize others. But one key trait—and the one that serves as the foundation of all others—is awareness. Internal and external awareness makes business leaders more sensitive to their environment and the conditions in front of them, and to how they’re perceived by employees, partners, vendors, customers and deci... read more.

The Cadillac of Technology: Yardi Aids Companies Both Big and Small

By Wiss, Posted in Technology

By Bob Risk When it comes to real estate investment and property management software, Yardi Technology is the Cadillac of products on the market. Few can compete with Yardi’s scope of offerings, from commercial real estate and construction management to residential rentals and investment partnerships. And while Yardi is one of the longest-standing companies of its kind, it’s also an innovator: It was one of the first such software brands to offer a total cloud-based product. Yardi is priced li... read more.

Update to Fiduciary Rule Improves Retirement Advice

By Wiss, Posted in Employee Benefit Plan Audits

By Wiss Associate You may assume that when a broker, advisor, insurance agent, or consultant makes recommendations about your retirement account, the advice is in your best interest. But that hasn’t always been the case. While the majority of advisers act in the best interest of their clients, not all have been legally required to do so, and some have been swayed by hidden fees or commissions to recommend investments that weren’t necessarily the best choice for their clients’ individual... read more.

Real Estate Crowdfunding: Is this Option the Right Choice for Your Business?

By Wiss, Posted in Real Estate

By Darin Valentine Until recently, developers seeking financing for a hotel, office building, or other project had two primary options to obtain most of the funding for their project: Take out an interest-bearing loan, or find a large investor willing to fund the project in exchange for significant equity. But in 2012, a new law opened the door to another source of real estate financing — crowdfunding. Real estate crowdfunding allows developers to tap into a larger pool of investors, anywhere from a... read more.

Safeguarding Accounting Ethics

By Wiss, Posted in General Business

By Brian Harden Across industries, the most effective managers understand that leading by example is the best way to influence corporate culture. In the realm of accounting ethics, this concept is known as Tone at the Top. The premise is simple: Employees look to management for leadership, and odds are high that their behavior will mirror the conduct of their bosses. If managers act with honesty and integrity, employees will generally follow suit. By the same token, if workers see their superiors engaged... read more.

Does Your Business Qualify for Lucrative R&D Tax Credits?

By Wiss, Posted in Tax Advantages

By Chris Colyer “My company’s not in the business of research and development, so how could we qualify for R&D tax credits?” If that’s what runs through your head when you think of this particular credit, it’s understandable – especially if you don’t have any scientists or many engineers on staff. Or a dedicated research and development department. The truth is, you could earn lucrative federal, state and local tax credits with work that you don’t even... read more.

Borrowing from Your 401(k): What to Know Before Making the Decision

By Wiss, Posted in Employee Benefit Plan Audits

By Cindy Sandomenico Borrowing money from your 401(k) account can be tempting. You know the money is there, and it’s yours, so why not use it? Before you pull the trigger, however, consider the limitations and consequences. Here are some important points to keep in mind. Know the rules Generally, you can borrow from a 401(k) for any reason, such as paying educational expenses or buying a home for the first time -- although employers are not required to offer a loan option within the 401(k) plan.... read more.