stambaughness.com

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Stambaugh Ness is a professional services firm serving clients with a strategic focus on the architecture and engineering, construction, manufacturing, not-for-profit, and professional services industries

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Highlights
Tax Challenges of the New Tele/Remote Workforce

As we mark a year since the beginning of the pandemic, telecommuting and remote work continue to be at the forefront of many business owners and employees. Some states have issued specific guidance on whether remote employees temporarily working in a state due to the impact of COVID-19 create nexus or a tax obligation for an employer who does not operate in that state. If you currently have employees that are telecommuting or working remotely or are considering implementing a telecommuting or a remote work policy, please join us on March 23rd for our webinar on State Tax Risks in a Remote/Telecommute World to learn about minimizing exposure and how teleworking is impacting your business. Over her 30+ years working in the accounting industry, Karen has developed a deep working knowledge of corporate taxation including a specialized focus in state and local sales and use tax, state and local income tax, audit representation, tax planning, consulting, due diligence and mergers and acquisitions.

Top 5 Do’s and Don’ts for Microsoft Teams Meetings

When joining someone else’s meeting, feel free to join with video off and follow guidance from the rest of the group or meeting organizer. Although you may be tempted to keep your mic open to avoid a potential embarrassment, it’s best practice to keep your mic muted if you aren’t speaking. When speaking or leading a meeting, keep an eye out for others who have their hands raised, and be sure to acknowledge them so that the rest of the attendees give them the opportunity to be part of the conversation. For more Do’s and Don’t for the Microsoft Teams platform, including chat etiquette and Team Owner best practices, tune into the 2nd part of my Microsoft Teams series.

2021 National Compensation Matrix is Here, with a Whimper

To meet this requirement, a firm may either use multiple surveys to compute reasonable compensation OR use the NCM. Armed Services Board of Contract Appeals cases became the gold standard, or at least the acceptable method, for determining reasonable executive compensation in accordance with FAR 31.205-6(b)(2). The compensation matrix is different from its source surveys in that the matrix uses gross revenues to compute reasonable compensation, while the surveys mentioned use number of employees. You can frequently find him presenting to national audiences on his favorite industry topics including AE auditing and financial management, the AASHTO Uniform Audit & Accounting Guide, FAR overhead rates, government contracting, and project accounting.

The Seller-Doer’s Top Responsibility: More Work from Existing Clients

And since roughly 80% of an AEC firm’s work typically comes from existing clients, that puts these seller-doers on the front lines of account mining – the marketing buzzword for going deeper into existing accounts. It costs anywhere from five-to-eight times more to land work from a prospective client than it does to generate new business with an existing client. If a firm is truly relationship-driven, a seller-doer needs to understand a client’s unique needs, their industry, and their customers and end-users. Sure, it is good practice for seller-doers to review their firm’s menu of services from time-to-time, but it is even more important to be visible, caring, and there whenever the client needs them.

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