Marvin & Co. Blog

Put the Power of Data Analytics to Work for Your Business in 2019

Posted on: 2/7/19 by James E. Amell, CPA

Marvin and Company, P.C. makes a case for using data analytics to propel your business forward in 2019.

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How to Address Generational Workforce Challenges

Posted on: 2/7/19 by Myra M. Thorne, MBA, PHR

Are differences in work and communication style in the workplace among the different generations the cause of leadership/supervisory challenges or is it something else?

There have been a plethora of articles, seminars, webinars and discussions around millennials in the workplace and the challenges of managing and working with them due to their different work style.

When we talk about the importance of differences in the workplace, sometimes we forget about one of the most prominent dimensions—age. There are three main generations in our workforce currently, and we are on the brink of adding a fourth. Understanding how to relate to each is critical to successfully keeping them motivated and engaged in their work.

This article describes each generation and gives insight into properly addressing challenges.

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The Role of Leadership During a Nonprofit Merger

Posted on: 2/7/19 by Carol A. Hausamann, CPA

Mergers can be a viable option to sustain a nonprofit organization’s mission and services to communities. Marvin and Company, P.C. explains how good leadership can result in a successful merger.

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Vulnerability Assessment and Penetration Testing Improve Security  

Posted on: 2/7/19 by John J. Unser

Internal control and risk management has become a top priority for most businesses. An essential component of any risk management program is the testing of security measures, including the performance of a vulnerability assessment and/or penetration test.
It is critical that company owners and IT managers understand the specifics and benefits of the tests, the testing process and expectations of the process are key in managing organizational risk and internal control.

In this article, Marvin and Company’s Information Technology Director, John J. Unser, CISO, explains how a company can improve its risk management program through vulnerability assessments and penetration testing and provides answers to the most commonly asked questions we receive from clients.

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How Do You Track Jobs in QuickBooks? Part 1

Posted on: 2/7/19 by Margaret Hurlburt, CPA

If your business divides some of its work into specific jobs and you’re not tracking them individually, you’re missing out on valuable insight.

Job-costing is not just for contractors. That’s probably the most common understanding of this concept in QuickBooks, but you can also use the software’s jobs tools to track income and expenses for any related group of items and/or services.

Think of them as projects. If you’re an expert in business promotions, for example, you probably have multiple projects going on simultaneously that consist of materials you might need to order for your client (like special paper) and the actual work you do (design, content-creation, etc.). You could also have to track expenses like mileage, and you may price your services by the hour.

QuickBooks can handle all of this. If you’re conscientious about documenting all of the pieces that go into every job, you’ll be able to run reports that show you how much you spent and took in on each. This information can help you better price your services and manage your time to maximize profitability.

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How Does QuickBooks Online Handle Mobile Expenses?

Posted on: 2/7/19 by Amy L. Ethier

If you purchase several items and services away from the office, QuickBooks Online can help you record them while you’re out and about.

QuickBooks Online’s mobile app, available at the Apple App Store and Google Play, can do many of the same tasks that it performs on your office desktop. You can, for example:

  • Check account balances.
  • Add and edit estimates, invoices, and sales receipts.
  • Add and edit customers, vendors, products, and services.
  • Record invoice payments.

One of the most common uses of the app, though, is the recording of expenses. Rather than coming home from a trip with your briefcase stuffed full of receipts and notes about purchases you made, you can document them on the road using your mobile device. When you get back to the office and log on to QuickBooks Online, they’ll all be there.

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New Roadmap for Transportation Benefits of Nonprofits

Posted on: 2/6/19 by Carol A. Hausamann, CPA

The IRS has issued interim guidance for determining the tax treatment of certain transportation fringe benefits provided by nonprofit organizations (Notice 2018-99). Notably, this new guidance paves the way for nonprofits to retroactively reduce the amount of their nondeductible parking expenses under the Tax Cuts and Jobs Act (TCJA).

The provisions in the TCJA relating to transportation fringe benefits have been roundly criticized by a number of high-profile charitable organizations, including the National Council of Nonprofits, the National Association of Evangelicals, the Jewish Federation of America and the Evangelical Council for Financial Accountability. Although the new guidance provides some relief, it falls short of the repeal advocated by many in the nonprofit sector.

In this article, Marvin and Company, P.C. explains the interim guidance from the IRS on the tax treatment of certain transportation fringe benefits provided by nonprofit organizations.

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Remembering Dorothy Monell and Arthur Bianchi

Posted on: 1/25/19 by Marvin and Company

Marvin and Company's longest-tenured employee, Dorothy G. Monell passed away peacefully on January 22, 2019.  We also mourn the loss of Arthur A. Bianchi who passed away on January 24, 2019. He joined the firm in 1949, became a director in 1957 and retired in 1975. We thank them for their many years of service and send our deepest condolences to their families.

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A Summary of 2018 Payroll Tax Guidelines

Posted on: 1/3/19 by Heather D. Patten, CPA

Behind the scenes at every nonprofit are the financial activities and decisions that enable the organization to carry out its mission. Most nonprofits have growth strategies in place for the current fiscal year, but it’s not as common to reflect on long-term sustainability. This article provides 6 best practices that help nonprofits stay on target for achieving sustainable growth.

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Marvin and Company Adds Two New Employees, Five Interns and Promotes Nine

Posted on: 1/3/19 by Myra M. Thorne, MBA, PHR

Marvin and Company, P.C., an award-winning Capital Region accounting, auditing, taxation and management consulting firm, is pleased to announce the expansion of its exemplary staff with the addition of two new team members, five new tax interns, and several staff promotions.

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