DWC’s Firm Administrator, Matt Leach, Receives PAFM Designation

Dalby, Wendland & Co., P.C., (DWC) is pleased to announce Matt Leach, PAFM, Firm Administrator, has been awarded the Association-designation Public Accounting Firm Manager (PAFM) by the CPA Firm Management Association (CPAFMA). This prominent designation recognizes Leach’s knowledge and professional experience in accounting practice management. The CPAFMA’s voluntary Public Accounting Firm Manager (PAFM) certification program […]

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The Importance of a Succession Plan

For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But if the past year or so have taught us anything, it’s that anything can happen. Owners who’ve built […]

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Is your working capital on target?

Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to run their operations smoothly. The optimal (or “target”) amount of working capital depends on the nature of operations and the industry. Inefficient working capital management can hinder growth and performance. Benchmarks The term “liquidity” refers […]

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Strengthen Your Business’s Internal Controls

Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are critical to accurate financial reporting. A solid system of controls can help prevent, detect and correct financial misstatements due to errors and fraud. Internal and external risk factors evolve over time. […]

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High-Income Taxpayers Should Plan for 3.8% Net Investment Income Tax

High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to you only if modified adjusted gross income (MAGI) exceeds: $250,000 for married taxpayers filing jointly and surviving spouses, […]

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