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19 Jun

Augmented Reality is the New – and Better – Reality in Manufacturing

Augmented Reality for Manufacturing | Spire Group, PC Manufacturers that seek greater cost reductions, increased speed and fewer errors are increasingly implementing augmented reality (AR) technology to improve processes throughout their manufacturing operation. AR is not necessarily new to manufacturing – it’s been around in various forms for years – but its technology continually evolves […]

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12 Jun

Considerations for Business Entity Selection Under Tax Reform

Considerations for Business Entity Selection Under Tax Reform | Spire Group, PC C Corporation or S Corporation? It All Depends. Ever since Congress enacted the Tax Cuts and Jobs Act in December, many business owners are reconsidering which business entity makes the most sense for their particular business. With the new, lower tax rate for […]

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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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