McGladrey
McGladrey is one of the largest
McGladrey differentiates itself from other smaller and larger firms by providing hands on, personalized services from senior managing directors and coordinated resources locally, nationally and globally through our international offices in 70 countries.
RiskEmployee Fraud Detection & Prevention
A recent survey conducted by the Association of Certified Fraud Examiners suggests that businesses have more reason than ever to be concerned about fraud. But it also suggests that causes can be understood, behaviors identified and actions taken to effectively address this serious problem. Last year, fraud cost American businesses $994 billion – excluding Madoff’s historic crimes. That amounts to seven percent of all revenues.
Audit
The Obama Administration FY 2010 Tax Proposals
The Treasury Proposal contains three recommendations under a heading called “Tax Cuts for Business.” It appears that the administration intends to help alleviate the impact of severe business operating losses by expanding the number of years to which such losses can be carried back. Further, it seems that encouraging technological development is also high on the President’s list, and the Treasury Proposal reflects that goal as it would make the research and experimentation credit permanent. However, the far greater number of business proposals will significantly raise taxes for businesses generally and some proposals target special tax breaks in the current law for certain industries. Oil and gas producers, organizers and managers of hedge funds and real estate developers would all experience significant changes in the ways they are taxed if these proposals become law. In addition, there are a number of proposals designed to expand information reporting, improve compliance by business, and revise some ways that income from financial products is reported. All in all, the Treasury Proposal seems designed to impose greater burdens on businesses in order to pay for deficit reduction and health care reform.
Governance
The Challenge to the Business Family: Growing and Chaning with the Business
Research from the Family Firm Institute indicates that only 12 percent of family-owned businesses successfully transition from second to third generation ownership and leadership. Those that do make the leap are faced with increasingly complex business and family challenges. One of the shifts that are necessary to secure continued business growth is for the second generation to begin to build the disciplines required to ensure that the work ethic, vision values and entrepreneurial spirit embodied in the founder becomes part of the unifying fabric of the family. We are calling this intentionally developed and nurtured family system the “Business Family.”
Governance
Not-For-Profit Board Governance: Best Practices for CEO Review
One of the many benefits of serving on the board of directors (board) of a not-for-profit organization is the opportunity to have an impact on the mission and direction of the overall organization. The nature of the board role is often transitory with many members serving only one or two terms. While changes in board membership bring new perspectives and ideas to the organization, they can also create significant challenges for the CEO as he or she tries to determine what is expected under constantly changing board leadership.