Several important measures may be enhanced for #restaurants as a result of #COVID19, but an emphasis on evaluating, budgeting and controlling packaging costs should be in place regardless of the economic environment. Although these decisions can vary based on your concept, these considerations, internal controls and best practices can assist you in evaluating optimal packaging costs: https://hubs.la/H0wY4cN0 #๐๐ข๐ฃ๐ญ๐ฆ๐๐ข๐ญ๐ฌ
GBQ.COM
Managing Packaging Costs in the COVID-19 Era
GBQ announced today that Anthony Ott, CPA, Director, State & Local Tax Services, has decided to leave public #accounting. โ๐๐ฏ๐ต๐ฉ๐ฐ๐ฏ๐บ ๐ช๐ด ๐ข๐ฏ ๐ฐ๐ถ๐ต๐ด๐ต๐ข๐ฏ๐ฅ๐ช๐ฏ๐จ ๐ฑ๐ณ๐ฐ๐ง๐ฆ๐ด๐ด๐ช๐ฐ๐ฏ๐ข๐ญ ๐ข๐ฏ๐ฅ ๐จ๐ณ๐ฆ๐ข๐ต ๐ง๐ณ๐ช๐ฆ๐ฏ๐ฅ. ๐๐ฆ ๐ธ๐ข๐ด ๐ช๐ฏ๐ด๐ต๐ณ๐ถ๐ฎ๐ฆ๐ฏ๐ต๐ข๐ญ ๐ช๐ฏ ๐ฃ๐ถ๐ช๐ญ๐ฅ๐ช๐ฏ๐จ ๐ข๐ฏ๐ฅ ๐จ๐ณ๐ฐ๐ธ๐ช๐ฏ๐จ ๐ฐ๐ถ๐ณ ๐๐๐๐ ๐ฑ๐ณ๐ข๐ค๐ต๐ช๐ค๐ฆ, ๐ข๐ฏ๐ฅ ๐ฉ๐ช๐ด ๐ฅ๐ฆ๐ฅ๐ช๐ค๐ข๐ต๐ช๐ฐ๐ฏ ๐ต๐ฐ ๐ค๐ญ๐ช๐ฆ๐ฏ๐ต ๐ด๐ฆ๐ณ๐ท๐ช๐ค๐ฆ ๐ฉ๐ข๐ด ๐ฃ๐ฆ๐ฏ๐ฆ๐ง๐ช๐ต๐ฆ๐ฅ ๐ฎ๐ข๐ฏ๐บ ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด๐ฆ๐ด ๐ข๐ญ๐ฐ๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ธ๐ข๐บ. ๐๐ฆโ๐ณ๐ฆ ๐จ๐ณ๐ข๐ต๐ฆ๐ง๐ถ๐ญ ๐ง๐ฐ๐ณ ๐ฉ๐ช๐ด ๐บ๐ฆ๐ข๐ณ๐ด ๐ฐ๐ง ๐ด๐ฆ๐ณ๐ท๐ช๐ค๐ฆ, ๐ข๐ฏ๐ฅ ๐ธ๐ฆ ๐ธ๐ช๐ด๐ฉ ๐ฉ๐ช๐ฎ ๐ข๐ญ๐ญ ๐ต๐ฉ๐ฆ ๐ฃ๐ฆ๐ด๐ต ๐ช๐ฏ ๐ฉ๐ช๐ด ๐ฏ๐ฆ๐ธ ๐ฑ๐ฐ๐ด๐ช๐ต๐ช๐ฐ๐ฏ,โ stated Matt Stamp, JD, LLM, Director of State & Local Tax Services.
To learn more, visit us online. https://hubs.la/H0wXbx90
Packaging costs. Debt restructuring. Financial reporting. All this (and more!) in our latest issue of #๐๐ข๐ฃ๐ญ๐ฆ๐๐ข๐ญ๐ฌ - out now. ๐ https://hubs.la/H0wVqJm0 #restaurants
INFO.GBQ.COM
Table Talk: Packaging Costs, Debt Restructuring, Financial Reporting
๐ฅ๏ธ ๐/๐๐ ๐๐๐๐ข๐ง๐๐ซ: ๐๐ญ๐๐ญ๐ & ๐๐จ๐๐๐ฅ ๐๐๐ฑ ๐๐๐๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
2020 has proven to be a challenging year for everyone. In addition to the flurry of activity and changes at the federal level, the state and local tax landscape continues to change rapidly as well. Register to join our #SALT experts for a panel discussion exploring recent #tax developments and case studies you don't want to miss: https://hubs.la/H0wHXSr0
#ICYMI This week's issue of #๐๐ฐ๐ต๐ต๐ฐ๐ฎ๐ญ๐ช๐ฏ๐ฆ has been our most popular issue yet, featuring hot topics from cash conservation and lease concessions to #CEO survey insights and #PPP updates. You're one click away to news worth knowing. ๐ https://hubs.la/H0wxqcJ0
This week's entertainment brought to you by dynamic duo #GBQueue and Keep Financials! ๐ https://bit.ly/2ZKq7ko
Within any given sector, the impacts of #COVID19 have varied widely. Throughout the last six months, #GBQ has been tracking business statistics and surveys from several different sources in an effort to understand the key issues faced and to apply this knowledge in serving our clients. In mid-September, we launched a survey to our clients to gather and comprehend the perspectives of business owners that we know personally. Review a summary of the information collected: ๐ https://hubs.la/H0xVYjR0
GBQ.COM
Local Leaders Share Business Outlook Amid Pandemic
๐ฅ๏ธ ๐๐/๐๐ ๐๐๐๐ข๐ง๐๐ซ: ๐&๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฉ๐๐๐ญ๐
As we witness the impact of #COVID19 on #manufacturing industry operations, now is the time to focus on remaining competitive in todayโs business environment amid significant transformations. To assist in your efforts, our M&D team is pleased to host a discussion featuring John Brandt, Founder & CEO of The MPI Group, and Doug Davidson, Director of IT Services at #GBQ. Register today! https://hubs.la/H0xVW_-0
โ ๏ธ #๐๐๐ ๐๐๐ฅ๐๐๐ฌ๐๐ฌ ๐๐๐ฐ ๐๐๐ ๐
๐จ๐ซ๐ ๐ข๐ฏ๐๐ง๐๐ฌ๐ฌ ๐
๐จ๐ซ๐ฆ ๐๐๐๐๐ ๐๐จ๐ซ ๐๐จ๐๐ง๐ฌ $๐๐,๐๐๐ ๐จ๐ซ ๐๐๐ฌ๐ฌ
The โSโ presumably stands for โsimpleโ and upon review, it does seem to achieve this objective compared to Form 3508EZ. Review an outline of the documentation requirements: https://hubs.la/H0xVVmB0
GBQ.COM
SBA Releases New PPP Forgiveness Form 3508S for Loans $50,000 or Less
Every year, we look forward to taking part in compiling the Columbus Business First #Fast50 list recognizing the fastest-growing companies in central Ohio. Check out this year's list of honorees and register to attend the virtual program being held on Tuesday, October 20th! https://hubs.la/H0x3X2f0 #proudsponsor
While internet-connected devices have been on the rise, so too are the number of cyberattacks. Studies show that once devices are plugged in, they are often attacked within five minutes and targeted by specific exploits within 24 hours. We're pleased to continue our #CybersecurityAwarenessMonth series with IT Director Steve Boston as he shares how we can own our role in protecting ourselves online with these #cybersecurity best practices: https://hubs.la/H0xRYSs0 Do your part. #BeCyberSmart.
#CISAgov #Cybersecurity #InfoSec #InformationSecurity #StopThinkConnect #BeCyberSmart #DataSecurity #ProtectIt #CyberMonth #CyberAware #CybersecurityAwareness #DataProtection #DataSecurity #NetworkSecurity #NetSec #InfoSecurity
YOUTUBE.COM
If You Connect It, Protect It.
๐ฅ๏ธ ๐๐/๐๐ ๐๐๐๐ข๐ง๐๐ซ: ๐๐ก๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐๐ง ๐๐๐จ๐ง๐จ๐ฆ๐ฒ
Earlier this year, the United States and Canadian governments placed restrictions on non-essential businesses and consumers in an attempt to slow the spread of #COVID19. You're invited to join GBQ and Euler Hermes North America as they explore the progression and forecast of the North American economies throughout the pandemic:
https://hubs.la/H0xjsHJ0
The #healthcare ๐ฅ industry is increasingly relying upon internet-connected devices and solutions to improve patient care, organizational efficiency, speed of crisis response, and more. We're pleased to continue our #CybersecurityAwarenessMonth series with GBQ Associate Security Analyst Shelly Bower as she shares her experience with medical devices and the steps you should take to #BeCyberSmart. https://hubs.la/H0yQwDj0
#CISAgov #Cybersecurity #InfoSec #InformationSecurity #StopThinkConnect #BeCyberSmart #DataSecurity #ProtectIt #CyberMonth #CyberAware #CybersecurityAwareness #DataProtection #DataSecurity #NetworkSecurity #NetSec #InfoSecurity
YOUTUBE.COM
Securing Internet-Connected Devices in Healthcare
Thanks to Columbus CEO and its readers, including GBQ clients and friends, we are proud to be named ๐๐๐ฌ๐ญ ๐๐๐๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ ๐
๐ข๐ซ๐ฆ ๐คฉ in the publication's Best of Business poll, designed to shine a light on the companies that have earned the admiration of the community. Thank you #Columbus! https://hubs.la/H0yLKCb0 #CEOBestofBiz
Businesses create security parameters to protect their #technology and intellectual property. So, when it comes to installing smart home gadgets such as video doorbells and digital locks, private consumers shouldn't be any different. As #CybersecurityAwarenessMonth continues, listen as GBQ #Security Analyst Ray Tefft shares a short story detailing his experience of creating, and protecting, his #smarthome. ๐ฌ https://hubs.la/H0yffRZ0 Do your part. #BeCyberSmart.
#CISAgov #Cybersecurity #InfoSec #InformationSecurity #StopThinkConnect #BeCyberSmart #DataSecurity #ProtectIt #CyberMonth #CyberAware #CybersecurityAwareness #DataProtection #DataSecurity #NetworkSecurity #NetSec #InfoSecurity
๐ฅ๏ธ ๐๐/๐๐ ๐๐๐๐ข๐ง๐๐ซ: ๐&๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฉ๐๐๐ญ๐
Since the onset of the Internet of Things (IoT) and Industry 4.0, the #manufacturing industry continues to evolve. Join John Brandt, Founder & CEO of The MPI Group, and Doug Davidson, Director of IT Services at #GBQ, as they discuss how to remain competitive in today's business environment amid significant transformations. Register today! https://hubs.la/H0xRYW90
When it comes to #restaurant entities, the holidays are a time for bustling gift card sales and various promotions. Ensure you're prepared from an #accounting perspective, especially as it relates to #ASC606 and new #revenuerecognition rules, by reviewing updated guidance and scenarios. https://hubs.la/H0ypj2f0 #TableTalk #revrec
GBQ.COM
Accounting for Gift Cards: Prepare for the Holiday Season
๐ฅ๏ธ ๐๐/๐๐ ๐๐๐๐ข๐ง๐๐ซ: ๐๐ก๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐๐ง ๐๐๐จ๐ง๐จ๐ฆ๐ฒ
Earlier this year, the United States and Canadian governments placed restrictions on non-essential businesses and consumers in an attempt to slow the spread of #COVID19. You're invited to join GBQ and Euler Hermes North America as they explore the progression and forecast of the North American economies throughout the pandemic:
https://hubs.la/H0xjC6f0
Whether you're waiting for the timer to ring ๐ or your favorite team to kick off ๐, now is the perfect time to put up your feet and check out our latest issue of #๐๐ฐ๐ต๐ต๐ฐ๐ฎ๐ญ๐ช๐ฏ๐ฆ!
As we hit the pause button and reflect on this year of change and uncertainty, we are reminded of the many reasons there are to be grateful. On behalf of the #GBQ family, we thank you for the opportunity to empower your growth as we continue to navigate the ever-changing conditions ๐ต๐ฐ๐จ๐ฆ๐ต๐ฉ๐ฆ๐ณ. #HappyThanksgiving
๐ ๐๐ง๐ง๐ฎ๐๐ฅ ๐๐๐๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ ๐๐ง๐ ๐๐ฎ๐๐ข๐ญ๐ข๐ง๐ ๐๐ฉ๐๐๐ญ๐, ๐๐๐ซ๐ญ ๐๐
While our virtual two-day event looked a little different this year, our content was just as informative and useful to assist you in better operating your business. Part II of our A&A Update included sessions exploring the following topics:
โ๏ธ Regulatory Updates
โ๏ธ ASC 842 Leases: Guidance on Implementation
โ๏ธ EBP & ERISA #Accounting Update
โ๏ธ #Cybersecurity & IT General Controls
โ๏ธ Impairment & #Valuation Considerations
To access the recording, click here: https://hubs.la/H0Bq_pN0
๐ ๐๐ง๐ง๐ฎ๐๐ฅ ๐๐๐๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ ๐๐ง๐ ๐๐ฎ๐๐ข๐ญ๐ข๐ง๐ ๐๐ฉ๐๐๐ญ๐, ๐๐๐ซ๐ญ ๐
While our virtual two-day event looked a little different this year, our content was just as informative and useful to assist you in better operating your business. Part I of our A&A Update included sessions exploring the following topics:
โ๏ธ #FASB Update
โ๏ธ #COVID19: #GAAP Considerations
โ๏ธ #Fraud Prevention in an Increasingly Virtual Environment
โ๏ธ Utilizing #DataAnalytics & Forecasting in Financial Reporting
To access the recording, click here: https://hubs.la/H0Bq_nF0
GBQ.COM
2020 Accounting & Auditing Update โ Part 1
Although #COVID19 has kept us socially distant, humor continues to bring us together. (Especially when it comes to #GBQueue!) Throughout a year full of changes and challenges, now is the perfect time to get in on the fun and follow our page serving as proof that accountants have fun too! ๐ New post is live: https://hubs.la/H0Bw8Sf0
In a perfect world, gift cards are used in full and there are no remaining balances. In reality, gift cards are often lost, forgotten, or partially used, which begs the age-old question: what happens to unused gift card balances? While there are a number of #accounting issues that surround income related to unused gift cards, one often less glamourous area that must be explored is the possibility that they are potentially escheatable as unclaimed property. https://hubs.la/H0Bqyb30
#TableTalk
GBQ.COM
Unclaimed Property โ Gift Cards
Entering the #Toledo market in 2020 not only provided GBQ with the opportunity to serve exceptional clients but to add extraordinary associates to our team. We are thrilled to be recognized as a Toledo metro area Top Workplaces by The Blade! ๐คฉ https://hubs.la/H0GkPcV0 P.S. We're hiring. ๐ https://hubs.la/H0GkPqL0
In December 2020, the Consolidated Appropriations Act, 2021 was signed, containing several #tax provisions and tax extenders, one being the extension of Empowerment Zone Tax Incentives. What does this mean and why is it important? Find out now. https://hubs.la/H0Gfg7c0
GBQ.COM
Empowerment Zone Tax Incentives Extended
๐ฅ๏ธ ๐๐ก๐ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐ ๐๐๐ญ๐๐ง๐ญ๐ข๐จ๐ง ๐๐ซ๐๐๐ข๐ญ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐๐ฌ๐ญ๐๐ฎ๐ซ๐๐ง๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
#ICYMI Last week, our #tax experts explored the #ERC for the #restaurant industry and provided valuable insight on specific restaurant FAQs. Access the recording by visiting us online: https://hubs.la/H0GfcL50
GBQ.COM
The Employee Retention Credit for the Restaurant Industry
This week, our team kicked off #BlackHistoryMonth by researching Black individuals whose creations helped change our world and everyday living. Today, we're pleased to recognize five inventors you should know:
1๏ธโฃ Alice Parker (1895-1920): designed a heating furnace using natural gas
2๏ธโฃ Dr. Charles Drew (1904-1950): developed large-scale blood banks
3๏ธโฃ Marie Van Brittan Brown (1922-1999): created the first home security system
4๏ธโฃ Henry Blair (1807-1860): patented two devices to aid in agriculture productivity
5๏ธโฃ George Robert Carruthers (1939-2020): perfected the gold-plated ultraviolet camera
We encourage you to learn more about these individuals and check back next week as we shine the spotlight on five notable Black artists.
๐ฅ๏ธ ๐/๐๐ ๐๐๐๐ข๐ง๐๐ซ: ๐๐ฌ๐ฌ๐๐ฌ๐ฌ๐ข๐ง๐ ๐๐ก๐ ๐
๐๐๐ฌ๐ข๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ ๐๐ง ๐๐๐๐
Are you a business owner considering a sale to your employees through an #ESOP? If so, we hope you will say "yes" to joining us as we take a deep dive into the advantages of an #ESOP as well as the key questions answered by an ESOP feasibility study. https://hubs.la/H0G2_B70
Recently, our team hosted a webinar to discuss how ESOPs can provide companies with sustainable competitive advantages and promote a high-performance culture. Give the recording a listen ๐by visiting us online: https://hubs.la/H0G2XNs0 Want more GBQ? Join us on 2/23 to explore an #ESOP feasibility study! ๐ https://hubs.la/H0G2XNt0
GBQ.COM
ESOPs: An Ownership Model for High-Performing Companies
