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Five Key Performance Indicators That Sureties Watch

February 21, 2017

When surety underwriters review your financial statements, they are looking for evidence of sound financial condition. Every underwriter has its own standards and expectations, but here are five key performance indicators (KPIs) many bonding companies look at closely: 1. Working Capital: Sureties typically adjust the textbook definition of working capital – current assets…

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2017 May be the Year for Manufacturing in R.I.

February 14, 2017

In January 2017, Governor Gina M. Raimondo announced her intentions of focusing on the manufacturing industry as part of her efforts to ensure that every Rhode Islander has an opportunity. Governor Raimondo’s new Rhode Island Manufacturing Initiative will be focusing on providing “manufacturing companies the tools they need to invest in their business and ensure…

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The R&D Tax Credit: IT’S NOT just ROCKET SCIENCE!

February 13, 2017

– by David Lichtenstein, CPA, MST You know that guy, right? The one who always manages to blurt out “It’s not rocket science!”, when you are struggling to figure something out. Don’t be that guy. Don’t be that guy who loves to state the obvious. I mean really, does anyone ever just casually dabble in…

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Rethinking Nonprofit Financial Reporting

February 10, 2017

The Financial Accounting Standards Board (FASB) has issued new accounting standards for nonprofit financial reporting. The update, Presentation of Financial Statements of Not-for-Profit Entities, is designed to help nonprofits present their financials in a way that tells their story more transparently. A Clearer Picture, Inside and Out Both internal and external audiences are expected…

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