On December 9, 2021, your business might have become a financial institution without you even realizing it. That’s a result of new Federal Trade Commission (FTC) regulations that went into effect on this day. While these regulations went into effect well over a year ago, non-banking financial institutions have until June 9 2023 to be …
Living in a now post-pandemic world has brought about many changes to the way the workplace can function successfully. One of the most prominent changes in this new world is the fact that remote and hybrid work have become increasingly more common. Not only that, but the ability to offer jobs to remote workers has …
Today, businesses have to grapple with vast amounts of data from different sources, including emails, mailing lists, customer orders, system logs, mobile apps, social media networks, etc. This data is crucial to businesses in various ways. When analyzed, a business can identify operational issues, personalize the customer experience and manage supply chains – all contributing …
When we think about IT, our team’s workstations are not usually the first thing that comes to mind. Yet, they may be one of the most essential components in your IT arsenal. If your team’s workstations are outdated and unhealthy, your business will undoubtedly suffer. It’s essential to maintain a cycle of preventive maintenance for …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
Cash flow awareness is vital in running the day-to-day activities of a business. Keeping track of the inflows and outflows helps a company make better plans and decisions, such as the right time to expand. Cash flow knowledge reveals where a business is spending money and can protect business relations, among other benefits. However, tracking …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
The world runs on data. It’s what allows your business to continue to grow and deepen its roots in your industry. Without data, consistent growth is impossible. Data can be incredibly powerful for growth, but if not used properly it can also be a hindrance to your business. Understanding your data and asking it questions …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
Cybersecurity has become more important than ever, especially with the rise in cyberattacks. However, much focus is put on computers, laptops, servers, etc. Mobile phones and tablets seem to be overlooked when talking about cybersecurity. Today smartphones are integrated into the modern workforce as driven by work at home and remote working. To enhance mobility, …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
Cybersecurity experts estimate that there is a ransomware attack every 11 seconds. This makes it a challenge to individuals, businesses and even governments. In ransomware attacks, cybercriminals encrypt a victim’s network or data, making it inaccessible until a ransom is paid. Despite organizations’ efforts to reduce the attacks, cybercriminals also are advancing their attack methods. …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
When the topic of Cybersecurity comes up, oftentimes one thinks about the “bigger picture” of what needs to be done to protect your digital assets and those of your clients. When one is working to secure a home, adding in a security camera and an alarm system seem to be some the obvious go-tos. But …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.
According to the U.S. Chamber of Commerce, the level of usage and data swirling around the internet is expanding at an accelerating pace. The amount of data on the internet globally during 2020 amounted to 3 trillion gigabytes; and 2022’s traffic is expected to increase to 4.5 trillion gigabytes. As a result, the U.S. Chamber …
This article was written by Ray Strothman, Chairman at Strothman+Co. Ray founded the firm in February 1983 and, as Chairman, plays an integral part in the firm’s management. Ray’s passion is to be a trusted advisor for the clients of the firm. He has experience in all areas of public accounting, providing financial statement preparation, and tax and management advisory services, for business owners, business investors and nonprofit organizations.