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23 May

3 Tips to Help You Maximize the Value of Your Privately Held Company

Private Company Valuation | Spire Group, PC It’s likely you’ve heard the famous quote by the esteemed Benjamin Franklin, “By failing to prepare, you are preparing to fail.” This adage applies to so many things in life and business—and business valuation is certainly one of them. If you seek to maximize the value of your […]

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08 May

The Clock Is Ticking on Adopting New Accounting Standards

New Accounting Standards | Spire Group, PC It might be human nature to procrastinate. It’s definitely not in most accountants’ natures, however. That’s what makes the findings in a recent MorganFranklin poll about the adoption of new revenue recognition and lease accounting standards so surprising. Most companies are simply not making the kind of progress […]

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25 Apr

States Have Vested Interest in Supreme Court Internet Sales Tax Case

Supreme Court Internet Sales | Spire Group, PC Billions of Dollars From Online Retailers at Stake States across the country are anxiously watching as the Supreme Court hears arguments in a long-awaited challenge to Quill Corp v. North Dakota, the ruling which prohibits states from collecting sales tax on vendors lacking an in-state physical presence. […]

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27 Mar

Is Your Side Hustle a Hobby or a Business?

Business or Hobby? Nine Factors That Determine Your Classification The “side hustle” is a term that has been gaining popularity in the last few years, and for good reason; close to 14% of Americans have a side hustle these days. Americans are choosing to take on their side jobs for a variety of reasons. Some […]

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20 Mar

Blockchain Technology Can Transform the Insurance Industry; Here’s How

Advancing technologies are disrupting and transforming industries far and wide. From Uber and Lyft and their collective impact on the consumer transportation industry to Airbnb, WeWork, Spotify and more, we are experiencing a golden age of transformation where technologies are fundamentally changing the way we live, work and play. Blockchain – a continuously growing list of […]

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24 Jan

How Analytics Can Propel Your Business Growth Planning Process

Business Planning Analytics | Spire Group, PC Traditionally, annual planning occurs in many businesses when senior leaders gather in a room and discuss which initiatives are worthy of pursuing during the coming year. In this regard, their decisions may be based on budgetary considerations, growth directives, or other criteria. Sound familiar? It wouldn’t surprise us […]

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14 Dec

Going Concern Issues Should be on Your Mind

Going Concern | Spire Group, PC It’s been almost a year since the effective date of that Accounting Standards Update ASU 2014-15 Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. With this updated standard, the responsibility to assess whether substantial doubt exists in […]

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30 Nov

7 Mobile Money Transfer Apps to Make Your Life Easier

Mobile Money Transfer Apps to Make Your Life Easier | Spire Group, PC As the number of peer-to-peer (P2P) mobile payment applications continues to increase, carrying cash and writing checks is starting to become obsolete.  Having to remind friends, family and colleagues of money owed whenever you see them is no longer necessary.  Mobile apps […]

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28 Sep

SMBs Spend 120 Hours Per Year on Admin Tasks and Bookkeeping

Administrative tasks may seem small compared to corporate meetings, but they are just as important to a company’s success.  How much time does your business spend on administrative tasks? According to an article from CPA Practice Advisor, “Small businesses currently spend an average of 120 working-days per year on administrative tasks, accounting for approximately 5% […]

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