3 Best Practices for More Effective Budgeting

The budgeting process may seem tedious and time-consuming, but it’s important. A professional service firm’s budget is more than a financial document ­— it’s a roadmap that demonstrates goals, sets expectations and benchmarks, and guides decision making on critical issues related to billing rates, fees, distributions, resource allocation, financing and more. Continue reading as James […]

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Why Boards Should Watch CEO Expenses

Just last month the Indianapolis Business Journal reported that the former CEO of Hendricks Power Cooperative, in Avon, was sentenced to 33 months in prison for embezzling over $580,000 from the organization. The CEO had falsified his expense reports for six years, by fraudulently reporting personal expenses as business expenses. His fraudulent expense reports gained […]

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Health Insurance Reimbursement Arrangements

Back in December, the 21st Century Cures Act was enacted, which provides an exemption from the group health plan requirements for a qualified small employer health reimbursement arrangement. Prior to this Act, a small employer could not offer a payment or reimbursement arrangement to help their employees get health care, without incurring a hefty penalty, […]

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