O’Connor & Drew Blog
The Latest Information From The Professionals At O'Connor & Drew, P.C.
Has your dealership joined the class action lawsuit?
AUTOMOBILE DEALERSHIPS Has your Dealership Joined the Class Action Lawsuit? Todd E. Merriam Manager CPA 2 July 2020 Note: O’Connor & Drew, PC is not a law firm. Please consultant your attorney for any legal advice. Currently, there are several...
Working From Home Works
HIGHER EDUCATION Working From Home Works It Just Takes Strong Communication, Leadership Direction, and Employee Dedication Christopher P. Stenmon Principal, CPA, MST 17 June 2020 It was April 1, 1997…The April Fool’s Blizzard! I recall listening on my radio to the...
Navigating COVID-19 In Higher Education
HIGHER EDUCATION Navigating COVID-19 In Higher Education Nelia Kruger, CPA, MSA 17 June 2020On March 13, 2020, the President of the United States declared a national emergency concerning the novel coronavirus disease (COVID-19) outbreak. While the news was the...
COVID-19 Response
HIGHER EDUCATION COVID-19 Response Michael Cosgrove Audit Principal, CPA, MST 17 June 2020 When COVID-19 began impacting the daily operations, functions, and procedures of daily life, Institutions of Higher Education (IHE’s) were forced to react immediately. As IHE’s...
A Move Towards Remote Auditing
EMPLOYEE BENEFIT PLANS Kimberly A. Reed Principal, CPA17 September 2020The coronavirus pandemic has put unprecedented pressure on the global economy and financial markets in recent months and caused many changes. Two things that have not changed are your requirements...
The SECURE Act
EMPLOYEE BENEFIT PLANS Kimberly A. Reed Principal, CPA28 May 2020 With all that 2020 has brought so far, it is important that you keep in mind the impact of the Setting Every Community Up for Retirement Enhancement Act of 2019 (The SECURE Act) that was signed as part...
The CARES Act and What It Means for Retirement Plan Loans and Distributions
EMPLOYEE BENEFIT PLANS Kimberly A. Reed Principal, CPA28 May 2020 The impact of the Coronavirus is going to financially impact your employees for quite some time. On March 27, 2020, the CARES (Coronavirus, Aid, Relief and Economic Security) Act was enacted to help...
ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement
EMPLOYEE BENEFIT PLANS Kimberly A. Reed Principal, CPA28 May 2020 There will be changes coming relating to the fair value measurement framework disclosure as ASU 2018-13 removes, modifies, and adds certain disclosure requirements. This update is effective for all...
Remember the Importance of Soft Skills During Difficult Times
When the going gets tough, patience and good manners often go out the window. While employers deal with the impact of the coronavirus (COVID-19), stress levels are rising. In turn, relationships — both internal and external — are at risk. From an HR perspective, one...
Business Email Compromise
Business Email Compromise (BEC) is the latest trend in cybersecurity that you should want nothing to do with. Attackers are flocking en mass and targeting the email systems of vulnerable companies as a means of taking control and leveraging the access for their own...
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