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Happy #MotivationMonday! Happy #MotivationalMonday! “The question isn’t who is going to let me; it’s who is going to stop me.” ~Ayn Rand

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retirement

The Trump administration is considering changes that could impact retirement investors

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. On February 3, 2017, President Donald Trump called into review the new Fiduciary Rule, a rule whose effect would expand the definition of those considered a fiduciary, a term carefully defined under the Employee Retirement Income Security Act of 1974. More commonly known as the Conflict of Interest Rule, the
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IRS

The IRS has revealed a new compliance campaign. Here’s what you need to know.

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. On February 1, 2017 the IRS Large Business & International (LB&I) Division announced a new compliance campaign. This campaign is focusing more on an issue basis, focusing on areas the IRS has deemed to be the highest risk for potential non-compliance and abuse by taxpayers. Overall, 13 areas were chosen
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Trump tax

What a Trump presidency could mean for your taxes

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. On Nov. 8th, 2016, the U.S. elected Donald Trump as the 45th president of the U.S. A major focus of this election season has been taxes — both Trump's refusal to release his personal returns and his plan to change the current U.S. tax code. In addition to winning the presidency,
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Cerini and Associates image for SmartCEO Thought Leadership

6 tips to prevent employee vacation scheduling issues

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. Ensuring businesses have an appropriate amount of coverage can be an issue at any point during the year, but it can be extremely challenging during the summer months, as employees are trying to use their vacation days to plan long weekends and schedule summer vacations. Often times it may seem
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Batman vs. Superman: The true greatness behind successful alliances

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. The excitement is undeniably in the air for the iconic battle between our fictional heroes Batman and Superman. You might be wondering why they are even fighting in the first place. Immediately, it is apparent that the movie is not a straightforward "versus" movie, as the abbreviation “v” was chosen by
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How internal controls can help you reach goals

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. Internal controls are one of the most essential elements within any organization. Internal controls are put in place to enable organizations to achieve their goals. Management is responsible for the design, implementation and maintenance of all internal controls, with the board responsible for the overall oversight of the control environment.
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Same-day ACH payments

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. The National Automated Clearing House Association, known as NACHA, has adopted a new policy effective September 2016 that will allow same-day processing of their ACH payments. This new rule will process payments much faster in a matter of hours, rather than the next business day. The originating financial institutions (ODFIs)
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Guest article: In the age of cyberattacks and data breaches, does practice size matter?

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. Cybersecurity issues in the healthcare industry have proliferated recently, as was proven last year by major hacks related to Premera Blue Cross, Anthem, and the UCLA Health System. Electronic protected health information ("ePHI") has significant value in black markets, making it a particularly valuable target for hackers. Many insurers and
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From Long Island to the red carpet – A local business success story

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. We fawn over celebrities for their awe inspiring acting. We cry with them, we laugh with them, and at the conclusion of every film we tuck a bit of them away into our hearts. On February 28, 2016, we will pay tribute to them when the winners of the 2016
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5 questions IT companies should expect this tax season

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. With only 60 days left until taxes are due, it is time for businesses to prepare their 2015 annual tax returns. Business tax returns can be very complicated, especially in the ever-increasing technology sector. It is prudent to engage a tax professional cognizant of compliance requirements and adept in this
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BottomLine Vol. 13

key components of internal control

Welcome to the spring/summer edition of the Bottom Line, the newsletter designed to provide insightful advice to area businesses. Today’s business is grappling with a significant level of issues including:

  • Attracting, retaining, and motivating strong talent
  • Competition from international marketplaces
  • Increased difficulty in securing appropriate levels of financing
  • Protecting confidential client information
  • Grappling with an unknown regulatory environment
  • Keeping up with the rapid pace of changing technology
  • Developing stronger systems capabilities
  • Increasing efficiencies to control pricing

How do you get a competitive edge? Surround yourself with the right tools, including forward thinking professionals such as C&A. In this issue of the Bottom Line, are articles on how you can use Google’s search engine to maximize your internet presence, establishing an effective internal control environment, and developing equity compensation plans.

BottomLine Vol. 12

bringing a unique understanding of key issues facing your business

BottomLine vol.12 Cover .jpgManaging a successful business requires the wearing of many different hats. On a typical day, you may find yourself alternating between human resources, information technology, customer service, marketing, accounting, and you might even have to get your hands dirty and work the front lines. As your organization’s leader, you are always expected to have the answers and that means that you need to have a solid understanding of your business at every level. It is crucial to keep an open mind and always be prepared to learn something new. Doing so will help you to keep your business on the cutting edge, to outmaneuver your competitors, and to boost your bottom line.

Continuing to learn and educate yourself is one of the keys to success whether you are just starting a new business or have been in business for years.

In this issue of the bottom line we look into the growing need for cyber security, social media, and improved employee relations, three important areas that can help improve your bottom line.

BottomLine Vol. 11

bringing a unique understanding of key issues facing your business

BottomLine vol.11_Page_1.jpg If you have been paying attention to consumer sentiment over the last 5 years, it is pretty clear that the Gordon Gekko attitude of “greed, for lack of a better word, is good” has shifted towards social responsibility in the business sector. All you need to do is look at Occupy Wall Street and the message it delivered, that corporate America needs to be part of the solution towards social change. Those businesses that have embraced and marketed their altruistic sides, finding ways to partner with the nonprofit sector, have done well. Believe me, in the world of social media, word gets out quick. Just look at how many companies joined the ALS bucket challenge to cash in some of the viral goodwill that it created.

So why should you embark on greater partnering with the nonprofit sector? There are many positives that can come from it:

Building A Stronger Sector

10th Annual Nonprofit Survey

NFPBook2014FINAL_Page_01.jpgThe nonprofit sector continues to undergo change. The demand for services continue to grow, while government cutbacks continue to erode the revenue base that nonprofits have to provide services. With cutbacks in funding, there has been greater competition for fundraising dollars, and more of a need for organizations to differentiate themselves in the eyes of donors, who are looking for real social return on investment. Organizations that are able to track and measure impact and clearly articulate that impact to potential donors will be better able to attract dollars. Increased collaboration is a necessity. This collaboration needs to occur at all levels … program, administration, and fundraising. In addition, nonprofits need to find ways to collaboratively work with for-profit businesses to create mutually beneficial arrangements. As a result, nonprofit organizations need to be more innovative, entrepreneurial in nature, and find ways to leverage their results through collaboration to deliver real impact. Those organizations that are able to do this effectively, will prosper under the new nonprofit model, and those that are not willing to change will see continued declines in their funding.

Game Of Thrones

Business Synergy

Cerini GoT As accountants, we often receive the benefit of looking under our client’s armor to gain an understanding of how their business is run. As a result, we know where their businesses are well fortified and where there are kinks in their armor. One of the common issues we run across in businesses is an overall lack of communication. Departments operate as little kingdoms, each one vying to gain control of some aspect of the business … a virtual Game of Thrones.

If you can bring the 5 kingdoms of your company together under strong and effective leadership, with good open communication both internally and externally, you will be on your way to mastering your own Game of Thrones.

Cerini (1)Cerini & Associates, LLP  is a full service accounting firm with a staff over 40 professionals, four partners and a foundation built on value added ideas and integrity.  C&A serves many industries, including healthcare, nonprofit, special educational providers, school districts, technology, and businesses (including construction, retail, manufacturing, etc). C&A’s services include, but are not limited to, accounting and auditing, business valuation, litigation support, mergers and acquisitions, trust and estate planning, operational and internal control reviews, and tax planning and preparation.

As a mid-size firm, C&A operates with “Big 4” mentality and takes pride in quality of staff.  All staff members receive extensive training, both through targeted internal and external training sessions and memberships. Cerini & Associates, LLP is also proud to have received an unqualified opinion during our last audit, which covered the year ended March 31, 2014, and can be found  in our peer review report.

 The firm is affiliated with many professional organizations including the NYS Society of Certified Public Accountants, the American Institute of Certified Public Accountants, the National Association of Certified Valuation Analysts, American College of Forensic Examiners, ExecuLeaders, and the Long Island Capital Alliance. In addition, the firm produces five newsletters bi-annually, targeted to the various niche industries in which they serve.

Read testimonials for Cerini & Associates here.

Matt headshot Cerini and AssociatesABOUT MATTHEW BURKE, CPA, CFEMatt specializes in serving Cerini and Associates’ nonprofit and small business clientele. Matt has over ten years of experience with Cerini & Associates, LLP and KPMG, and is experienced with many types of complex accounting, auditing, compliance, and general business matters that impact both the entrepreneurial and nonprofit communities.

In addition, Matt is heavily involved in the firm’s marketing and development initiatives. He is directly involved in recruitment, website development, and creation and implementation of marketing plans and strategies. In addition to being an editor and contributor to several of the firm’s newsletter, including Best Practices, written for physician practices; The NFP Advisor, distributed to the nonprofit sector; and The Bottom Line, which is distributed to over 5,000 businesses throughout New York. Matt has also written Practice Insights for Lexis Nexis’ tax research platform, has been published in Building Long Island magazine, has been published in the 2010 Who’s Who in Accounting and 2012 Who’s Who in Auditing for Long Island Business News. In addition, Matt received the Huntington Chamber of Commerce’s 30 Under 30 Award in 2011 and is a recent recipient of Long Island Business News’ 40 Under 40 Award. Matt was recently awarded the National Academy of Public Accounting Professionals (NAPAP) “Top 10 Rising Stars” Accounting Award. 

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