Research estimates that more than 66 percent of companies lack any type of formal succession plan for their organizations. But in today’s fast-paced, constantly-evolving markets, establishing a succession plan is critical for success in the present and in the future. Massaging talent to eventually fill leadership roles means positioning a….
Organizations across every industry tend to have an “if it’s not broken, don’t fix it” attitude towards their business processes and workflows. Successful companies, understandably so, are hesitant to rock the boat in creating new methods both internally and externally. Change is difficult in any department – from marketing to….
Over 600,000 new businesses are formed each and every year. Whether financed with personal funds, bank loans, or even borrowing from family and friends, starting a business is no easy feat. The success of new businesses varies significantly with fluctuations in the economy, but there are certain inevitabilities that remain…..
No one in charge of their company’s annual 401K Audit has ever used the words “easy” or “fun” to describe the annual 401K audit process. However, with the proper guidance and knowledge the process can be smooth and stress free. Offering a 401K plan to employees is a great way….
Business owners today are normally consumed with worries like budgets, bettering their product and/or service, and retaining a happy, productive staff. These worries often lay the foundation for how the company is able to run efficiently, no matter where a company is in its lifecycle. While the scale of these….
Business owners and executives are typically tasked with maintaining a bird’s-eye view on both the organization’s current health and forecasted future health. It is from this perspective that critical decisions are made and the overall direction of the company is established. As 2018 comes to a close, time is of….
From online stores to brick-and-mortar establishments, the holiday season is unfortunately a time where fraud tends to increase. For example, last year alone e-commerce CNP (card not present) fraud was up 22% during the holidays. So, business owners should be prepared for similar threats in 2018. In general, cyberattacks seem….
Ten years ago the economy hit a recession and businesses across countless industries suffered. While the hurting economy was apparent to all, one of the more discrete and surprising consequences came in the form of increased business fraud across many industries. A number of explanations can be attributed to this….
Companies across the globe are leaning more readily on regular business valuations, particularly in the sector of small and medium-sized enterprises (SMEs). Business valuations are conducted for a variety of reasons. Whether an organization is considering restructuring the business, dealing with relationship issues, looking into transactional retirement planning, or proactively….
In 2018 and moving forward, cyber risk is undoubtedly amongst your company’s most prominent threats. On top of the fact that cybercrimes are rising, the changing landscape of their nature makes combating these threats exceedingly challenging. In fact, strategies to protect against cyber threats are considerably different than they were….
Ellrich, Neal, Smith & Stohlman, P.A. was formed in 1988. Based in northern Palm Beach County, Florida, we serve clients throughout the state. The firm’s original founders are W. David Ellrich, Jr. and Becky B. Moore.
