Rose Financial Solutions

ROSE Report – Data Driven and AI Enablement Strategies for 2024

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 10 Jan 2024 21:31:30 GMT

Issue 72 - Data Driven and AI Enablement Strategies for 2024

Empowering Business Expansion Through Data Driven Decision Making

Recent findings from Pigment’s Office of the CFO 2024 survey highlight a critical issue for business leaders – the prevalent use of inaccurate data in their decision-making processes. The survey reveals that a staggering 89% of finance leaders are basing their decisions on incomplete or faulty data. The foundation of successful business strategies depends on the quality and accuracy of the decisions made. As businesses navigate expansion and heightened competition, the reliance on data-driven insights has become critical. Harnessing the transformative power of accurate, reliable data enables informed and effective decision-making.

Optimizing Data for Effective AI Integration

Technology, Data and Automation are transforming decision-making, especially with the democratization of Artificial Intelligence (AI). This transformation is especially pronounced within finance, where AI's emergence is influencing financial system strategies, placing a premium on structured data for AI-driven initiatives. However, the ability to utilize AI effectively heavily relies on data organization and security. Organizing data includes data consolidation, categorization, and tokenization. This organization can help establish the groundwork for your company to benefit from the full potential of a wide-range of AI-driven use-cases.

Empowering Business Expansion Through Data Driven Decision Making

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 10 Jan 2024 18:30:53 GMT

The foundation of successful business strategies depends on the quality and accuracy of the decisions made. As businesses navigate expansion and heightened competition, the reliance on data-driven insights has become critical. Harnessing the transformative power of accurate, reliable data enables informed and effective decision-making. Businesses with financial clarity will outpace companies that struggle with flawed data. Financial visibility will help businesses avoid common pitfalls while shaping a future oriented strategic vision.

Why Is Most Financial Data Flawed?

Financial Data often ends up flawed due to several factors. Disparate systems and fragmented processes within an organization can cause increased inaccuracies over time. The lack of standardization of data within an organization introduces complexities and leads to inconsistencies in data handling. Nomenclature and connectivity issues further compound the problem, making it challenging to establish a framework for data organization. When these issues persist, they pave the way for flawed data, hindering accurate analysis and decision-making.

Improving Financial Data with a “Single Source of Truth”

Addressing the complexity of inaccurate financial data requires a strategic approach. Streamlining systems and processes and implementing standardized, data-oriented procedures across departments can mitigate inaccuracies stemming from disparate systems and fragmented processes. Moreover, establishing a unified nomenclature and resolving connectivity issues are pivotal to ensuring data integrity. By instituting a cohesive framework for data organization and management, businesses can tackle the root causes of flawed financial data. Establishing a single source of truth consolidates data into a single data structure. This allows for the streamlining of processes, reduction of complexity, standardization of nomenclature and improved connectivity. In essence, a single source of truth reduces errors by ensuring everyone in an organization refers to the same accurate information. This unified data hub speeds up decision making and lays the groundwork for integrating AI into future financial operations.

Enter Easby, a system of engagement that standardizes financial activities and data while improving data integrity. As a CFO Co-Pilot, Easby streamlines data handling and reporting, allowing leaders to make better decision based on better information. Easby reduces administrative activity and promotes data-accuracy, improving decision-making and driving companies toward success in our competitive business environment. Easby connects with your accounting system of record to become a “single source of truth”, centralizing data and refining processes. By streamlining data collection and reporting, Easby empowers leaders to refocus their efforts on strategic growth initiatives.

To discover how Easby can become your CFO Co-Pilot while fortifying the future of your organization, we invite you to schedule an introductory call with Rose Financial Solutions (ROSE).

Schedule an Introductory Call

Optimizing Data for Effective AI Integration

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 10 Jan 2024 18:25:47 GMT

Consolidating Diverse Data for Unified Insights

Data consolidation includes merging and unifying diverse data sets from multiple sources into a single source of truth. Let’s consider a corporation that operates across various states. Each division might maintain financial and operational records, such as sales figures, payroll, operational expenses, and inventory in disparate systems. Data consolidation in this scenario involves merging these diverse datasets from different divisions into a singular, centralized system. For instance, combining sales data from different regions, integrating it with payroll and inventory records, and aligning financial reports across divisions creates a comprehensive overview of the company's overall performance. This consolidated data allows for better analysis of revenue streams, cost optimization strategies, and more accurate forecasting across the entire organization, aiding in strategic decision-making for the whole company.

Enhancing AI Precision through Categorization

Categorization involves sorting data into specific items or categories based on various parameters or attributes. It's about organizing and labeling data in a structured manner. For example, in accounting, data categorization refers to sorting expenses into a variety of dimensions, such as general ledger codes, department codes, project codes, etc. These codes are normally broken down into logical categories that help users and AI understand that certain vendors are related to travel and others are related to office supplies, or utilities. In AI-driven strategies, categorization is paramount for contextualizing and organizing information effectively. By classifying data into relevant categories or items, AI systems can understand the nuances of different data sets. This categorization allows for more precise analysis, facilitating the extraction of actionable insights and comparisons that are crucial for decision-making.

Tokenization for Advanced Data Efficiency and Security

Tokenization is the segmentation of complex data into smaller, more manageable units known as tokens, each representing individual pieces of data or information. This process primarily focuses on maintaining confidentiality when inputting data into AI systems. Its core objective is safeguarding sensitive data by substituting identifying information with distinct tokens or representations. By implementing tokenization, organizations create a protective barrier around sensitive information, like personal or financial data, thwarting AI from associating the data from a specific entity.

Tokenization ensures that AI algorithms work with transformed data. For instance, tokenization involves converting sensitive data, like vendor names, into random tokens in financial transactions. This not only enhances security by safeguarding sensitive information but also streamlines data analysis by reducing the complexity of the dataset. In AI strategies, tokenization is a critical step. By segmenting data into tokens, AI algorithms can more effectively identify patterns, trends, and correlations within the information, ultimately enabling more accurate predictions and insights, all without providing the AI with sensitive information.

Leveraging Integration Opportunities with AI

Consider a company working to streamline its accounting processes. The organization creates a unified database through data consolidation and tokenization. The integration of AI technology allows for the use of machine learning to automate transaction coding, a move that significantly reduces manual workload while improving processing accuracy.

Other examples of AI integration include automating graphic analysis and categorization creation. For instance, AI-driven tools can autonomously generate visual representations of complex datasets. Moreover, within categorization, AI systems excel at continuously refining and automating the sorting of diverse data sets into specific categories or segments, ensuring accuracy and efficiency in data handling.

Finally, AI-driven tools leverage historical patterns to track and analyze financial behaviors. For instance, by examining past expenditures, these systems identify trends, anomalies, and potential cost-saving opportunities. This level of insight allows businesses to make more informed decisions regarding budget allocation, identifying areas for optimization and possible financial risks.

Scaling Efficiently Through AI-Driven Strategies

By merging AI-driven strategies with data management, businesses gain adaptability. This agility powers informed decisions, intelligent resource allocation, and proactive risk management. This approach isn't just about navigating competition; it's about efficient scaling and strategic growth, representing a shift towards growth while benefiting from financial clarity. This strategic combination empowers businesses to thrive, evolve, and seize opportunities in a constantly changing business environment.

Schedule an introductory call with us today to explore how optimizing your data strategy can enhance your adaptability, drive informed decisions, and propel your business towards scalable growth.

Schedule an Introductory Call

Issue 71 – Strategies for Growth in 2024

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 29 Nov 2023 23:19:16 GMT

Issue 71 - Strategies for Growth in 2024

Strategic Planning: Nurturing Growth and Adaptability for the Year Ahead

As the year draws to a close, businesses engage in a routine yet pivotal phase: strategic planning for the coming year. This process can shape the trajectory for success and substantial growth in the year ahead. Effective strategic planning involves more than just goal setting; it involves navigating a dynamic market, recognizing challenges, and leveraging emerging trends. Therefore, strategic planning isn’t merely about imagining success but creating a resilient roadmap that is adaptable to change. With this in mind, let’s explore how effective strategic planning can drive significant organizational growth.

2023 Tax Planning Strategies for Business Growth and Efficiency

ROSE Report - Strategic Planning: Nurturing Growth and Adaptability for the Year Ahead

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 29 Nov 2023 18:38:11 GMT

Setting Clear Objectives for Expansion

A robust strategic plan begins by defining clear objectives. Employing the SMART framework—ensuring goals are Specific, Measurable, Achievable, Relevant, and Time-bound—creates a focused path forward. This approach translates aspirations into specific, measurable targets aligned with the company's overarching vision. SMART goals inspire guiding principles, directing decisions, and paving the way for progress. Most importantly, such precision empowers businesses to channel their efforts, monitor progress, and reach pivotal milestones, thereby fortifying their growth initiatives while ensuring resources are spent effectively.

Reflecting on Past Performance to Inform Future Strategies

An in-depth analysis of past performance is instrumental in effective planning. Evaluating achievements unveils successful strategies while acknowledging challenges recognizes opportunities for improvement. Scrutinizing operational performance provides a quantitative lens for informed decision-making. This retrospective analysis lays the foundation for refined strategies, effective resource allocation, leveraging strengths, and addressing weaknesses, thus fostering more effective future planning.

Engaging Stakeholders for Unified Growth

Active involvement of key team members and diverse departments fosters collaborative progress and a sense of shared ownership in the planning process. Business leaders benefit from cultivating a collaborative approach by gaining employee feedback and various perspectives. This inclusive approach nurtures consensus and helps align efforts toward a collective vision. When stakeholders actively participate in planning, their engagement fuels heightened commitment to organizational success and fosters a collective determination to achieve objectives.

Employing Big Picture Thinking to Expand Operations

In today’s dynamic landscape, it is crucial for growing companies to maintain adaptability within their strategic planning. Maintaining a fluid approach during strategic planning can be done by embracing flexibility as a core principle. Employing scenario planning is a methodology many organizations use to explore various potential scenarios, encouraging proactive adjustments to different outcomes. Second, fostering a company-wide culture that encourages open communication and feedback loops enables decision-makers to promptly identify and address changing market dynamics or internal challenges as they arise. Company leaders can incorporate regular strategic reviews and reassessments to ensure company initiatives remain relevant and responsive to evolving circumstances.

Stakeholders should also consider empowering their workforce to remain agile and ready to adapt by investing in ongoing learning and development. Fostering company engagement, growth, and development in adaptability facilitates agile adjustments to market shifts, anticipation of trends, and seizing emerging opportunities. This approach ensures a sustained foothold in the market and ongoing relevance amidst evolving industries.

In conclusion, mastering year-end strategic planning is required in today’s everchanging environment. It's not solely about setting goals; it's about nurturing a culture of adaptability, innovation, and resilience—a holistic approach laying the groundwork for sustained growth and enduring success. Ready to solidify your back office for the year ahead? Schedule an introductory call with Rose Financial Solutions today and empower your strategic planning with expert financial guidance.

Schedule an Introductory Call

ROSE Report – 2023 Tax Planning Strategies for Business Growth and Efficiency

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 29 Nov 2023 18:35:34 GMT

As the end of the year approaches, strategic tax planning becomes critical element for businesses aiming to minimize taxes, maximize cashflow and pave the way for growth. Leveraging smart tax strategies can reduce taxable income, enhance operational resilience, and improve cash flow. Exploring available tax credits and deductions specific to your industry provides an opportunity for substantial reductions in taxable income and tax expense. These incentives, specifically designed for various sectors, allow businesses to minimize tax liabilities while improving cash flow. In this article, we would like to present a list of tax deductions and strategies for organizations looking to navigate tax planning for 2023 and beyond.

Electric Vehicle Tax Credits

Electric vehicle tax credits can also be beneficial for businesses, providing up to $7,500 in tax credits. Requirements for this credit are contingent on the vehicle and its manufacturer. One of the requirements for this credit is vehicles must be placed in service by the end of 2023 to qualify for the credit in the same tax year. According to the IRS website, the vehicle must be “new, qualified plug-in EV or fuel cell electric vehicle (FCV)”. Moreover, the vehicle must be utilized primarily in the US and not be purchased for resale.

Employing Children in the Business

Business owners can also employ their children to work in their company and benefit from deductions up to a certain amount. The child will increase the overall deductible expenses of the business since the wages, employer portion of payroll taxes, and additional fees paid to a payroll service provider are all deductible. An increase in organizational expenses reduces the overall taxable income for the company, decreasing taxable income overall. Finally, engaging their children in their company empowers parents’ business interests and enables them to initiate an early retirement plan for their children, securing enduring familial benefits in the long run. The IRS requires that all employees have a valid business purpose.

Section 179 Deduction and Bonus Depreciation

Businesses have diverse avenues for tax benefits, such as the Section 179 Deduction or Bonus Depreciation, enabling full deduction if certain criteria are met. Section 179 allowed qualified companies to immediately deduct the full cost of tangible capital assets immediately after they are acquired rather than depreciating them over their useful life. On the other hand, bonus depreciation permits organizations to deduct additional depreciation for the cost of qualifying business property. Bonus depreciation was limited to 80 percent in deduction 2023 and is generally disallowed in most states. However, Section 179 is permitted by many states and is a hundred percent deductible if an organization meets certain criteria.

Resource Spotlight: Rose Financial Solutions' 2023 Year End Tax Planning Webinar

Business leaders seeking to align their strategies with regulatory shifts and long-term objectives can benefit immensely from the insights offered by industry experts. Rose Financial Solutions is hosting the "2023 Year-End Tax Planning: Mastering Your Strategy for Year-End Tax Planning and Beyond" webinar.

This exclusive webinar is configured for entrepreneurs and business leaders, aiming to provide valuable insights into the nuances of tax planning essential for financial efficiency. Join us to gain expert perspectives, strategic tips, and actionable strategies for optimizing tax planning in 2024.

View the webinar here .

Navigating the Complexities of Multistate Tax Compliance

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 29 Nov 2023 18:13:15 GMT

Expanding business operations to multiple states introduces a complex network of tax compliance challenges that companies must confront. The nature of this challenge is attributed to the fact that each state functions as its own tax jurisdiction, equipped with distinct tax laws, regulations, and filing prerequisites. Consequently, companies looking to expand their operations beyond any state borders often encounter a variety of tax challenges.:

Nexus Determination

The term "nexus" marks the threshold at which a business establishes a significant presence within a particular state. Once a business' operations in a state surpass a specific threshold, this initiates a tax obligation. However, the concept of nexus is not uniform; it exhibits substantial variation from one state to the next.

Nexus can emerge through various means, including physical presence, economic activities, or sales thresholds. This diversity in criteria necessitates meticulously evaluating a company's activities within each state to determine whether nexus has been established. Overlooking or misjudging this critical aspect can lead to unforeseen tax liabilities and penalties, making vigilance in nexus assessments imperative.

Income Apportionment

Many states employ an apportionment formula to ascertain the portion of a company's income subject to their state taxes. Apportionment involves establishing the portion of a business's profits subject to a specific jurisdiction's corporate income or other business taxes, and U.S. states typically base this on a combination of the percentage of company property, payroll, and sales located within their boundaries. The precise rules governing income apportionment vary significantly from state to state. This variability mandates an in-depth understanding of the regulations enforced in each state and the ability to optimize income allocation effectively to minimize tax liability.

Navigating this complexity necessitates the expertise of tax professionals well-versed in multistate tax planning. Strategies such as cost-sharing agreements, functional and enterprise restructuring, and reconsidering sales sourcing and location of implementation may be employed to significantly reduce overall tax liability while ensuring compliance with diverse apportionment rules.

State-Specific Tax Credits and Incentives

States frequently extend various tax credits, incentives, and deductions to attract businesses and stimulate economic activities. Staying well-informed about available incentives and optimizing their utilization is fundamental to effective tax planning. These incentives may encompass research and development credits, investment incentives, job creation credits, and incentives for promoting renewable energy sources.

Identifying and effectively leveraging these opportunities can materially impact a company's financial performance. Yet, remaining up-to-date with the ever-changing landscape of state tax credits and incentives requires a comprehensive understanding of state tax codes, often necessitating professional assistance or tax consulting for organizations looking to maximize their benefits.

Compliance and Filing

Registering, filing tax returns, and adhering to state-specific deadlines can be a formidable challenge for organizations operating across multiple states. Each state imposes its requirements, ranging from documentation to filing frequency. The meticulous nature of compliance within each state and varying deadlines render this task time-consuming and potentially overwhelming. Non-compliance poses significant risks, leading to penalties and interest or even forfeiture of business license and filing status that may substantially erode an organization's profitability. Hence, a streamlined compliance process is essential. Investing in technology and software solutions to automate and facilitate compliance, along with well-trained teams knowledgeable about state-specific requirements, is pivotal for successfully managing multistate compliance.

Navigating state tax compliance while expanding across state lines is fraught with complexities, but it is far from insurmountable. Companies can effectively tackle these hurdles by investing in professional guidance, implementing robust compliance management systems, and gaining a thorough understanding of state-specific tax regulations. Integrating Rose Financial Solutions' Finance as a Service (FaaS) solution into their strategy can assist growing businesses in streamlining this process and eliminating complexity as they expand, ultimately optimizing their tax position while ensuring compliance.

Discover the advantages of a scalable FaaS solution by scheduling an introductory call.

Schedule an Introductory Call

Streamlining Credit Card Expense Management with Easby

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 29 Nov 2023 18:01:45 GMT

As businesses expand their operations, they frequently confront an ongoing challenge of striking a balance between providing their workforce with access to resources and cost controls. Credit Card Expense Management is a critical component of this dynamic. A well-defined process will ensure employees utilize corporate credit cards for approved expenses while confirming timely and accurate documentation and support is received for valid business expenses.

As credit card usage is continuing to become a more prevalent payment method, ROSE has implemented enhanced best practices into Easby's Credit Card Expense Management module. These best practices are designed to automate the reporting and coding of credit card transactions, simplify the collection of credit card receipts, ensure the timely review and approval of credit card transactions, ensure the timely payment of credit card bills and eliminate month-end closing delays as a result of the credit card coding and approval process.

The Importance of Streamlining Your Credit Card Expense Management

Maintaining an effective Credit Card Expense Management system is critical. Companies should ensure they maintain a proper expense management system.

Fostering Financial Control : A well-structured expense management process empowers businesses to maintain proper control over their expenses. Setting spending budgets and providing proper visibility into credit card usage as incurred are critical to preventing misuse of credit cards and the creation of unbudgeted business expenses or worse, personal usage.
Maintaining Compliance : Failure to properly document credit card expenses can create tax deduction and reimbursement issues downstream. These issues can lead to potential lost reimbursements, lost tax deductions, penalties and lost credibility. Implementing a credit card compliance program can help businesses maintain their compliance by streamlining and validating the collection and storage of essential expense documentation, making it easier to access for support purposes later. Keep in mind that while the IRS requires receipts for all expenses $75 and above, each firm should set its own threshold to ensure that expenses are proper and meet the business purpose.
Efficient Record Keeping : Maintaining a reliable credit card expense system allows organizations to establish an efficient and organized method for managing expenses. These expenses need to be recorded into the accounting records and compared to budgets routinely. Improving the ease of use of an expense reporting tool, improves utilization and reduces delays in cost reimbursement and accurate financial reporting.

Easby’s Strategic Advantage

Easby's Credit Card Expense Management module offers a systematized process for managing credit card expenses. This ensures that supervisors and managers can efficiently oversee and approve expenses, enhancing overall financial control and improving recordkeeping and compliance.

1. Efficiency through AI Based Predictive Coding

Easby analyzes historical transaction coding, significantly reducing the need for manual data entry by leveraging predictive coding. This AI based skill references a cardholder’s past interactions with vendors to determine the appropriate dimensional coding. These dimensions include vendor, general ledger (GL), project, department and class coding. These dimensions are looked at individually and together to better understand and predict a cardholder’s coding overtime. Easby’s machine learning pairs its predictive coding function with a percentage confidence level, displaying the probability of an accurate prediction to the users in real-time.

2. Daily Syncing and Updates

Unlike other systems that are retrospective and administratively burdensome, Easby synchronizes seamlessly with most credit card companies, providing daily information about credit card charges. Integrated into the Easby platform, this daily data synchronization provides management and cardholders visibility into their credit card expenses each day. This visibility allows for cardholders to stay on top of their coding and receipt attachments throughout the month while keeping management informed of activity.

3. Keep Your Workflow in Motion with Easby

Engineered to uphold a continuous progression, Easby automatically steers expense transactions through the expense process. Cardholders are granted a specific window following the end of the month to submit their receipts, a timeline enforced by the system. If a cardholder fails to submit their credit card report within the stipulated timeframe, Easby will escalate the expense assignment to the respective manager. Managers will then have time to validate the predictive coding and coordinate receipt collection from cardholders. Easby ultimately makes it easier for cardholders to validate coding and supporting documentation, including the attaching receipts.

Leveraging Easby's capabilities, cardholders and management enjoy a reduction in the manual workload, resulting in fewer keystrokes and minimal data entry requirements. With the system efficiently handling data entry, all users experience a significant reduction in backlogs, benefiting from an optimized process that effectively eliminates bottlenecks and increases the efficiency of an organization’s back office.

Gain more insights on the advantages of incorporating Easby into your back-office functions by scheduling an introductory call with Rose Financial Solutions. We look forward to speaking with you.

Schedule an Introductory Call

Issue 70 – Enhancing Financial Efficiency

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 07 Nov 2023 23:23:50 GMT

Issue 70 - Enhancing Financial Efficiency

Navigating the Complexities of Multistate Tax Compliance

Streamlining Credit Card Expense Management with Easby

Issue 69 – Unlocking the Future of FaaS

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 27 Sep 2023 21:15:00 GMT

Discover how ROSE is leveraging Easby, an AI-enabled outsourcing solution, to reshape the Finance as a Service (FaaS) landscape. Dive into the future of finance and accounting as we explore Easby’s unique position in AI-driven finance transformation and its role in future proofing the back offices of companies in an evolving market.

Issue 68 – Growing Your Business with FaaS

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 27 Sep 2023 19:39:00 GMT

This movement recognizes the growing need for businesses to have a strategic partner that can provide insights, analysis, and guidance to drive financial growth and success. By combining technology, automation, and expertise, FaaS delivers real-time financial reporting, analytics, and strategic planning support.

Save the Date! 2024 Easby FaaS Conference

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 27 Sep 2023 18:51:00 GMT

Join us at the 3rd Annual Easby FaaS Conference in 2024, sponsored by ROSE, where innovation in Finance as a Service takes center stage. Explore AI-powered solutions, back office fortification, hyper-automation, and more.

ROSE + Easby: AI-Enabled Outsourcing is the Future of FaaS

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 27 Sep 2023 18:06:00 GMT

Unleashing Your Financial Potential: The Advantages of Finance as a Service

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 18 Jul 2023 15:43:00 GMT

Transforming AP Processes for Enhanced Efficiency and Accuracy

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 18 Jul 2023 15:39:00 GMT

Often, small- to mid-size business owners believe that their manual accounts payable (AP) processes are adequate, and they don’t need to invest in automating their bill payments. However, nothing could be further from the truth. Accurate and efficient AP management is the foundation for financial integrity and effective business operations for any organization, regardless of size or industry.

Issue 67 – Success through Process Transformation

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 18 Jul 2023 15:36:00 GMT

As the CEO of Rose Financial Solutions (ROSE®), I am often asked, “What is the difference between traditional finance and accounting outsourcing and Finance as a Service (FaaS)?” Simply put, the key distinction is that FaaS provides a more holistic and strategic approach to financial operations. Today’s movement from traditional finance and accounting outsourcing to FaaS represents a significant shift in how businesses manage their finances.

Rose Financial Solutions’ Launch of Its Next-generation Platform, Easby® Featured on Yahoo News and CityBiz

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 23 Jun 2023 16:45:00 GMT

Rose Financial Solutions (ROSE), a Finance as a Service (FaaS) leader, is proud to announce the launch of its next-generation financial services and technology solution at its 2nd Annual FaaS Conference in June 2023. The cutting-edge solution marks a significant milestone in the FaaS industry by enabling organizations to future-proof their back offices throughout their lifecycles from start-up to exit.

Learn more about how ROSE redefined Finance as a Service, and the launch of its next-generation platform, Easby®.

View on Yahoo News: https://finance.yahoo.com/news/rose-financial-solutions-redefines-finance-163000973.html

View on CityBiz: https://www.citybiz.co/article/431661/rose-financial-solutions-unveils-the-third-generation-of-its-financial-services-and-technology-solution/

Creating a Mindful Hybrid Workplace That Works

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 22 Jun 2023 14:14:00 GMT

The great American workplace experiment brought on by the pandemic has indeed transformed today’s office environment. As a result, numerous businesses are transitioning to a permanent hybrid work paradigm. According to research by Zippia, 74% of U.S. companies have either implemented or plan to implement a permanent hybrid work model. The study also found that 59% of workers are more likely to select a company that allows for remote work than one that doesn’t.

Issue 66 – Strategies for Success in Today’s Business Environment

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 22 Jun 2023 14:14:00 GMT

Rose Financial Solutions redefines Finance as a Service and launches its next-generation platform, Easby®

Navigating Grants Accounting and Compliance

Creating a Mindful Hybrid Workplace That Works

Navigating Grants Accounting and Compliance

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 22 Jun 2023 14:14:00 GMT

For many nonprofit organizations, grants are essential funding to reach their missions. However, nonprofit organizations must manage and track grants carefully to comply with funding requirements and maintain financial transparency. Understanding the conditions and requirements of each grant is crucial to determining the best grant accounting methods and avoiding common missteps and audit issues.

Rose Financial Solutions redefines Finance as a Service and launches its next-generation platform, Easby®

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 21 Jun 2023 14:15:00 GMT

NORTH BETHESDA, Md., June 21, 2023 – Rose Financial Solutions (ROSE), a Finance as a Service (FaaS) leader, is proud to announce the launch of its next-generation financial services and technology solution at its 2nd Annual FaaS Conference in June 2023. The cutting-edge solution marks a significant milestone in the FaaS industry by enabling organizations to future-proof their back offices throughout their lifecycles from start-up to exit.

“We are excited to demonstrate how our technology platform, Easby, can future-proof an organization’s back office. A comprehensive system of engagement built on enterprise-grade, hyper-automation technology, Easby is designed to automate the vast majority of finance and accounting-related activities over the coming years,” said Ted Rose, Founder, President, and CEO of ROSE. “By reducing complexity, Easby improves financial clarity and significantly reduces the disruptions clients experience due to their growth and the evolving technology landscape.”

In addition to unveiling Easby, ROSE redefined the FaaS industry to include five pillars of finance transformation: people, process, technology, organization, and data. Digitization disruptions often hamper growth as a business or organization hits its complexity ceiling. Managing these disruptions requires that financial systems maintain harmony between people, processes, technology, organization, and data. To preserve unity, companies need to control the vast volume of activities through a comprehensive engagement system that integrates with its system of record.

“We are excited to introduce our game-changing solution that revolutionizes FaaS,” said Rose. “We have combined our deep understanding of the industry with cutting-edge technology to develop a solution that empowers our customers to overcome challenges, achieve their goals, and be prepared for the future.”

About ROSE®

ROSE is a Finance as a Service (FaaS) leader, supporting a company’s back office by harmonizing People, Processes, Technology, Organization, and Data to empower our clients to become accomplished leaders. We achieve this by providing financial clarity and eliminating complexity through Easby®, a system of engagement built on enterprise-grade, hyper-automation technology that manages finance, accounting, and tax activities, converts data into information, and supports a team of experienced professionals to enhance a company’s success by improving financial performance. Find out why the Future of FaaS is Easby at: www.rosefinancial.com .

Future-Proofing Your Finance and Accounting Functions

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 25 May 2023 14:07:00 GMT

Finance and accounting technology are advancing rapidly, significantly influencing how companies plan for the future. Today, companies require more than simple accounting software. The finance and accounting profession is already beginning to embrace new technologies such as artificial intelligence (AI) and machine learning (ML).

5 Tips for Successful Virtual Meetings

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 25 May 2023 14:06:00 GMT

There is no doubt that business interactions have swiftly evolved since the onset of the pandemic. Today’s virtual and hybrid workforces have made in-person meetings fewer and farther between, replaced with Teams, Zoom, and WebEx meetings. As employees have become more accustomed to meeting with colleagues online, a RedRex survey found that 55% of respondents now have more meetings than when working in the office, and 83% spend up to one-third of their work week in video conferences.

Issue 65 – Future-Proof Your Business

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 25 May 2023 14:06:00 GMT

Future-Proofing Your Finance and Accounting Functions

5 Tips for Successful Virtual Meetings

here is no doubt that business interactions have swiftly evolved since the onset of the pandemic. Today’s virtual and hybrid workforces have made in-person meetings fewer and farther between, replaced with Teams, Zoom, and WebEx meetings.

Build Your Business with Confidence

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 19 Apr 2023 19:38:00 GMT

You have great ideas, did your research, and put together a business plan, and now it’s time to launch your startup. As Guy Kawasaki, Alltop co-founder and entrepreneur, said, “Ideas are easy. Implementation is hard.” Indeed. Unforeseen challenges such as financial management issues, ineffective marketing, and skill gaps can hinder achieving your business goals.

Keep Your Financial Information Secure: The Stats, Facts, and Data

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 19 Apr 2023 19:37:00 GMT

From ransomware to malware and everything in between, cybersecurity is a top concern for most business leaders. If the security of your company’s data keeps you up at night, you are not alone. According to the 2022 Thales Data Threat Report , which examines the impacts on organizations as they navigate today’s complex security environment...

Issue 64 – Grow Your Business with Confidence

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 19 Apr 2023 19:37:00 GMT

Build Your Business with Confidence

Keep Your Financial Information Secure: The Stats, Facts, and Data

From ransomware to malware and everything in between, cybersecurity is a top concern for most business leaders. If the security of your company’s data keeps you up at night, you are not alone.

Numbers Count in Small Business Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 23 Mar 2023 15:10:00 GMT

Small businesses are the heart of our nation’s economy. In fact, according to the Small Business Administration’s latest  statistics , small businesses account for 99.9 percent of all U.S. companies. Not only do small businesses help to drive our economy, but they also create two-thirds of all net jobs and have an impact on their local communities.

Issue 63 – Take Your Business to the Next Level

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 23 Mar 2023 15:10:00 GMT

Numbers Count in Small Business Success

Building Better Banking Relationships

In the fallout of the collapse of Silicon Valley Bank (SVB), many business owners are looking at their assets, questioning their banks, and asking themselves, ‘is my money safe?’ During times of uncertainty, having a good relationship with your banker can mean the difference between your business thriving or closing.

Building Better Banking Relationships

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 23 Mar 2023 15:07:00 GMT

What is Quiet Hiring and How is it Shaping Today’s Workforce?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 16 Feb 2023 14:55:00 GMT

From the Great Resignation to quiet quitting and quiet firing, the Covid-19 crisis has undoubtedly created an unpredictable labor market that turns on a dime. Two years ago, companies faced the challenge of the Great Resignation, a term describing the larger-than-usual exodus of employees from their jobs.

Issue 62 – Overcome Today’s Business Challenges

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 16 Feb 2023 14:54:00 GMT

What is Quiet Hiring and How is it Shaping Today's Workforce?

GovCons: Which Accounting Software is Right for You?

When it comes to building efficiency, selecting accounting software is among the most important decisions business leaders make. Why? The right solution can enhance the entire organization’s operations.

GovCons: Which Accounting Software Is Right for You?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 16 Feb 2023 14:54:00 GMT

Tips to Successfully Execute Your Strategic Plan

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 23 Jan 2023 23:18:00 GMT

Often, a company’s strategic plan is comparable to a New Year’s resolution, made with the best intentions but frequently abandoned by the end of January. In fact, according to studies , 60 to 90% of strategic plans never fully launch.

Easby® Makes it Easy

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 23 Jan 2023 23:18:00 GMT

Managing finance, accounting, and tax functions is complex. In fact, it is often compared to rocket science and brain surgery. It’s time to end complexity! At ROSE®, we make it easy to manage your financial activities so you can more efficiently run your business and build stakeholder value.

Issue 61 – Utilizing Technology to Simplify Operations

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 23 Jan 2023 23:18:00 GMT

Tips to Successfully Execute Your Strategic Plan

Easby® Makes it Easy

It’s Not Too Late to Mitigate Your 2022 Tax Bill

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 15 Dec 2022 17:55:00 GMT

Tax planning is often overlooked when small businesses rush to close out year end. However, year-end tax planning gives you the opportunity to take advantage of tax-cutting strategies before December 31 and get a head start on planning for 2023. Here are some year-end actions you can take now that may help you mitigate your 2022 tax bill.

Issue 60 – Year-End Tax Planning

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 15 Dec 2022 17:54:00 GMT

It's Not Too Late to Mitigate Your 2022 Tax Bill

Employee Retention Tax Credit, What You Need to Know

As a means of boosting the economy during the onset of COVID-19, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was enacted into law in March 2020.

Employee Retention Tax Credit, What You Need to Know

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 15 Dec 2022 17:54:00 GMT

As a means of boosting the economy during the onset of COVID-19, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was enacted into law in March 2020. To incentivize companies to keep employees on the payroll, the CARES Act offered businesses an Employee Retention Tax Credit (ERTC) that allowed employers who met specific criteria to claim a credit against payroll taxes and have it partially refundable.

2023 Budget & Planning in Uncertain Times

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 15 Nov 2022 23:38:00 GMT

The post 2023 Budget & Planning in Uncertain Times appeared first on Rose Financial Solutions .

Issue 59 – Fresh Perspectives for 2023

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 15 Nov 2022 23:38:00 GMT

Top 5 Finance and Accounting Industry Trends for 2023

As we close out 2022 and look ahead to 2023, the lingering effects of the pandemic will continue to influence the business world. The current economic downturn, unpredictable workforce trends, and supply chain challenges are driving companies to implement transformative changes to their operations, including how they manage their finance and accounting functions.

2023 Budget & Planning in Uncertain Times

It’s that time of the year when company leaders develop their annual budgets to project income, profits, and returns on investments and control expenses for the coming year.

Top 5 Finance and Accounting Industry Trends for 2023

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 15 Nov 2022 23:38:00 GMT

GovCon Billing Strategies to Get Paid Without Delay

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 03 Oct 2022 20:23:00 GMT

There are many benefits to being a government contractor, including prompt payment. Contractors are safeguarded against late payments by the federal government under the Prompt Payment Act (PPA), which requires agencies to pay “proper” invoices on the payment date established in the contract or within 30 days of receipt.

Cultivating a Customer-Centric Organization in a Digital World

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 03 Oct 2022 20:22:00 GMT

Not so long ago, face-to-face interactions were the way businesses operated. However, today automation and digital interaction have become the norm. Undoubtedly, the pandemic has affected how businesses interact with clients. With the growing popularity of Zoom, WebEx, and Teams, in-person sales meetings are becoming a thing of the past for many professional services firms.

Issue 58 – Strategies to Implement Now for Success in 2023

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 03 Oct 2022 20:21:00 GMT

GovCon Billing Strategies to Get Paid Without Delay

Cultivating a Customer-Centric Organization in a Digital World

Are You Ready to Become a Prime Contractor? Find out.

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Aug 2022 14:22:00 GMT

The new government fiscal year is right around the corner, opening opportunities for prime contractors in the upcoming year. If you are a government subcontractor or commercial company wanting to make the jump to working directly with the federal government, now is the time to implement processes to manage subcontractors and ensure that the work defined by the contract is completed on time and within budget.

4 Tips on Managing Costs When Growing

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Aug 2022 14:20:00 GMT

Every successful company experiences growing pains. In fact, according to a 2021 Wakefield Research study , 42% of growth company executives surveyed stated that scaling their business was more challenging than the start-up phase. While rapid business expansion is practically every business owner’s ambition, it can spiral into a disaster if not handled carefully.

Issue 57 – Tips for Managing Growth

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Aug 2022 14:20:00 GMT

Are You Ready to Become a Prime Contractor? Find out.

4 Tips on Managing Costs When Growing

Overcoming Today’s Nonprofit Challenges

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 04 Aug 2022 16:05:00 GMT

With today’s economic headwinds and workforce shortages, nonprofit organizations face challenging times. Caught between shrinking resources, both financial and staffing, and rising demands from those affected by the economic downturn, organizations have to get by doing more with less.

Nonprofit Board Meetings That Run Without a Hitch

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 04 Aug 2022 16:05:00 GMT

A nonprofit’s board of directors serves as its governing body and provides high-level strategy, oversight, and accountability to ensure your organization achieves its mission. As fiduciary overseers of a nonprofit, board members serve as the trustees of the organization’s assets and are responsible for guaranteeing that the nonprofit is operating effectively and that its financial standing is stable.

Issue 56 – Nonprofit Growth Strategies

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 03 Aug 2022 16:15:00 GMT

Overcoming Today's Nonprofit Challenges

Nonprofit Board Meetings That Run Without a Hitch

A nonprofit’s board of directors serves as its governing body and provides high-level strategy, oversight, and accountability to ensure your organization achieves its mission.

Issue 55 – Tackling the Challenges of Today’s Business Landscape

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 27 Jun 2022 11:43:00 GMT

Balancing the Great Resignation, Inflation, and Recessionary Headwinds

Are you having issues hiring and retaining employees? Is inflation adversely affecting your costs from critical suppliers and the salary expectations from staff? Are you worried that rising interest rates, spiking energy costs, supply chain issues, and the 2022 stock market correction will push the economy into a full and extended recession?

Lessons GovCons and Commercially Focused Businesses Can Learn From Each Other

Our over 27 years of experience serving government contractors and commercially focused businesses has taught us that B2B and B2G companies are similar in many ways.

Lessons GovCons and Commercially Focused Businesses Can Learn From Each Other

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 27 Jun 2022 11:43:00 GMT

Our over 27 years of experience serving government contractors and commercially focused businesses has taught us that B2B and B2G companies are similar in many ways. After all, the federal government is not an industry; it is the largest customer in the world and purchases many of the same products and services as the commercial sector.

Balancing the Great Resignation, Inflation and Recessionary Headwinds

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 27 Jun 2022 11:43:00 GMT

Peeling Back the Layers of DCAA/GovCon Compliance

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 17 May 2022 17:31:00 GMT

Many contractors have the misconception that if they have accounting software that is DCAA/GovCon compliant, they must be compliant. However, that’s just the starting point. DCAA compliance is actually made up of three layers: software, policy, and processes.

How to Save Time and Be More Productive

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 17 May 2022 17:31:00 GMT

It’s been said that time is the most valuable commodity. For CEOs, this especially true as on average they work 62.5 hours per week, according to a Harvard Business Review study. The study also found: 25% of their time is spent on building relationships, 25% on business and administrative reviews, 16% on organization and culture, and 21% on strategy.

Issue 54 – More Efficient Business Operations

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 17 May 2022 17:30:00 GMT

Peeling Back the Layers of DCAA/GovCon Compliance

How to Save Time and Be More Productive

It’s been said that time is the most valuable commodity. For CEOs, this especially true as on average they work 62.5 hours per week, according to a Harvard Business Review study .

Clean Up Your Financial Processes for Growth

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 18 Apr 2022 16:45:00 GMT

Spring is a time of renewal and change. It’s when we plant seeds and watch them grow. Like a garden, financial processes need to be tended to ensure they are prepared for business growth. In this after-tax season, many business owners realize that their financial and accounting systems aren’t as well-organized as they assumed.

Creating an Innovation-focused Corporate Culture

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 18 Apr 2022 16:44:00 GMT

In today’s competitive business environment, you must innovate to remain at the forefront of your sector. Continuous improvement is essential for creating better products and services, establishing more efficient methods, and growing your organization.

Issue 53 – Current Trends for Business Growth

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 18 Apr 2022 16:44:00 GMT

Clean Up Your Financial Processes for Growth

Spring is a time of renewal and change. It’s when we plant seeds and watch them grow. Like a garden, financial processes need to be tended to ensure they are prepared for business growth.

Creating an Innovation-focused Corporate Culture

To Return to the Office, or Not to Return, that is the Question

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 15 Mar 2022 13:14:00 GMT

In order to keep staff safe and healthy at the onset the pandemic, organizations had to rethink how and where their employees worked, which led many to implement a remote workforce policy. While the shift wasn’t easy for everyone, two years later most employees have adapted to telecommuting.

Issue 52 – Driving Business Growth

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 15 Mar 2022 13:14:00 GMT

To Return to the Office, or Not to Return, that is the Question

In order to keep staff safe and healthy at the onset the pandemic, organizations had to rethink how and where their employees worked, which led many to implement a remote workforce policy.

Strategies to Drive Business Growth

Revenue is widely used by enterprises to measure their success. However, even growing businesses encounter challenges getting from where they are to where they want to be.

Strategies to Drive Business Growth

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 15 Mar 2022 13:14:00 GMT

Revenue is widely used by enterprises to measure their success. However, even growing businesses encounter challenges getting from where they are to where they want to be. Fortunately, there are navigational tools available to assist you in your quest for greater financial success.

Business Operations in a World of Inflation

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 16 Feb 2022 14:34:00 GMT

The pandemic has had a transformational impact on the way businesses operate during the last two years. From health concerns to hiring issues, business leaders have faced a slew of challenges. On top of it all, now the rate of inflation is increasing.

Top 3 Accounting Mistakes Nonprofits Make

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 16 Feb 2022 14:34:00 GMT

Keeping costs down is key for non-profit organizations, which often leads to fewer accounting and administrative personnel than for-profit companies. However, compared to other organizations, nonprofits face unique finance and accounting challenges. Here are the top three accounting mistakes associations make along with tips on how to avoid them.

Issue 51 – Post-pandemic Business Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 16 Feb 2022 14:33:00 GMT

Business Operations in a World of Inflation

The pandemic has had a transformational impact on the way businesses operate during the last two years. From health concerns to hiring issues, business leaders have faced a slew of challenges.

Top 3 Accounting Mistaking Nonprofits Make

Is Your Accounting System Keeping You from Achieving More?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 19 Jan 2022 23:39:00 GMT

They say, “Time is money.” As successful CEOs know, time is a valuable asset and one that once spent can’t be recovered. So why is it that some small- to mid-size company leaders are still spending a lot of time maintaining manual accounting processes when with the right accounting processes and software CEOs could work smarter and faster and use their time growing their business?

Issue 50 – Set a Course for Long-term Growth

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 19 Jan 2022 23:38:00 GMT

Is Your Accounting System Keeping You from Achieving More?

Growth CFO: A CEO's Partner to Long-Term Success

Your business has grown from a one-person operation to a large team with a growing number of clients. You understand accounting and finance operations and have a clear vision of your goals for the company for the next five years.

Growth CFO: A CEO’s Partner to Long-term Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 19 Jan 2022 23:38:00 GMT

‘Tis the Season for Understanding Your Numbers

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 16 Dec 2021 13:02:00 GMT

As we close out 2021, companies are busy forecasting and setting budgets for 2022. While these business operation functions are a yearly tradition, they have taken on a more urgent role as we head out of the healthcare crisis. Why? Last year’s sudden onset of the pandemic caught many businesses off guard.

2022 Annual Planning: What Will Your Workforce Look Like?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 16 Dec 2021 13:02:00 GMT

Issue 49 – Achieve More in 2022

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 16 Dec 2021 13:02:00 GMT

'Tis the Season for Understanding Your Numbers

2022 Annual Planning: What Will Your Workforce Look Like?

Simply put, an annual plan serves as a financial roadmap that helps your company stay on track to meet your goals. As businesses set up their annual plans for their company and employees, it’s important to examine the past year’s performance to help inform goals for the coming year.

Issue 48 – The Roadmap to Success in 2022

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 23 Nov 2021 16:55:00 GMT

Top Finance and Accounting Industry Trends for 2022

For the past two years, COVID-19 has presented many challenges to the business world, driving companies to implement transformative changes to the way they operate, including how they manage their finance and accounting functions.

2021 Year-End Tax Planning for Businesses

Tax planning should be addressed throughout the year and be an integral part of financial planning. As 2021 wraps up, we suggest year-end tax planning to take a close look at your current tax strategies to make sure they still meet your needs and take any last-minute steps that could save you money.

Top Finance and Accounting Industry Trends for 2022

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 23 Nov 2021 16:55:00 GMT

2021 Year-End Tax Planning for Businesses

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 23 Nov 2021 16:54:00 GMT

RFS Congratulates PowerTrain on Making the WBJ’s List of Fastest Growing Companies

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 25 Oct 2021 19:28:00 GMT

Rose Financial Solutions (RFS) congratulates its client PowerTrain, a provider of cloud-based IT learning management systems, learning and development products, and talent management solutions, on being named to the Washington Business Journal’s 2021 list of the 75 Fastest Growing Companies in Greater Washington, DC.

The rapidly growing company, led by CEO Lisa Cox, provides training and human capital support spanning across the federal government as well as in the commercial industry.

“We couldn’t be more excited to hear that PowerTrain made the Washington Business Journal’s list,” says Ted Rose, President and CEO of Rose Financial Solutions. “Their commitment to supporting creative, innovative, and flexible work environments has never been more important as the pandemic has redefined the corporate workspace.”

“Rose Financial Solutions has been our trusted advisor since we turned to them to ensure that our accounting system was DCAA-compliant,” says Lisa Cox, CEO, PowerTrain. “We’ve relied on their extensive knowledge of all aspects of government contracting to help us navigate federal government regulation compliance, including governmental audits and indirect rate complexities.” Cox adds, “Their financial guidance has been very beneficial to PowerTrain’s success and helping us get to where we are today.”

A Q&A with Ted Rose on the Future of the Finance and Accounting Industry

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 11 Oct 2021 16:41:00 GMT

We recently sat down with Rose Financial Solutions’ (RFS) CEO Ted Rose for his take on where the finance and accounting industry is headed and the role his company will play in its evolution.

Issue 47 – Preparing for Success in 2022

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 11 Oct 2021 16:41:00 GMT

A Q&A with Ted Rose on the Future of the Finance and Accounting Industry

We recently sat down with Rose Financial Solutions’ (RFS) CEO Ted Rose for his take on where the finance and accounting industry is headed and the role his company will play in its evolution.

How Project Controls Can Make or Break Your Success in Unprecedented Times

While there was much hope that the impact of the pandemic on businesses would subside this past year, the rate of Covid-19 cases has increased since July due to the highly contagious Delta variant.

How Project Controls Can Make or Break Your Success in Unprecedented Times

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 11 Oct 2021 16:37:00 GMT

While there was much hope that the impact of the pandemic on businesses would subside this past year, the rate of Covid-19 cases has increased since July due to the highly contagious Delta variant.

RFS Congratulates Interos on Unicorn Status

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 23 Sep 2021 16:33:00 GMT

Rose Financial Solutions (RFS) congratulates Interos, a Northern Virginia risk management and operational resilience technology startup company that recently obtained unicorn status after receiving Series C financing of $100 million. The new funding brings Interos’ valuation to over $1 billion.

Have You Found Your North Star Metric?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 06 Aug 2021 15:50:00 GMT

Long before GPS or even a compass, ancient sailors used the star Polaris (also known as the North Star) to navigate their ships when out of sight of land. Why? Because it serves as a constant focal point that stays in nearly the same place in the night sky while other stars circle around it.

Issue 46 – Strategies for Long-Term Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 06 Aug 2021 15:50:00 GMT

Have You Found Your North Star Metric?

Government Contractors: Are You Prepared to Win the Next Big Proposal?

With the proposal season fast approaching, government contractors must not only handle the frenetic business of the year’s final selling period, but also prepare for the year ahead.

Government Contractors: Are You Prepared to Win the Next Big Proposal?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 06 Aug 2021 15:33:00 GMT

With the proposal season fast approaching, government contractors must not only handle the frenetic business of the year’s final selling period, but also prepare for the year ahead. To successfully compete, contractors should have a well-documented accounting system in place, build a basis for each incoming proposal, define selling points, budget costs, and set projected rates in order to be prepared.

3 Reasons Why Savvy Business Owners Automate Accounts Payable

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Jun 2021 15:45:00 GMT

Many small- to mid-size business owners believe that their accounts payable (AP) processes are adequate and that they can’t afford to automate their bill payments. However, nothing could be further from the truth. The reality is that manual check processing is more time-consuming, expensive, and vulnerable to fraud than electronic payments processes.

Fraud on the Rise Due to COVID-19: Is Your Finance and Accounting System Prepared?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Jun 2021 15:45:00 GMT

COVID-19 has impacted every facet of the business landscape. From managing remote employs to understanding PPP loans, the past year has challenged companies in ways that couldn’t have been imagined.

Issue 45 – Focus Your Time on What Matters Most

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Jun 2021 14:54:00 GMT

Fraud on the Rise Due to COVID-19: Is Your Finance and Accounting System Prepared?

3 Reasons Why Savvy Business Owners Automate Accounts Payable

Many small- to mid-size business owners believe that their accounts payable (AP) processes are adequate and that they can’t afford to automate their bill payments.

What is OCR and How Does It Work?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 26 May 2021 17:08:00 GMT

While data is everywhere in today’s information-driven world, it offers little insight unless it is organized and stored in a format that allows it to be used efficiently. As businesses increasingly rely on data-driven information such as financial forecasting, key performance indicators (KPIs)[...]

Post Pandemic Recovery: The Critical Role of a CFO

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 26 May 2021 17:06:00 GMT

The financial impact of COVID-19 on businesses can’t be overstated. The past year has been rollercoaster ride for many businesses with unpredictable dips, turns, and pivots. In fact, a 2020 survey of nearly 6,000 small business owners found that the median business with more than $10,000 in monthly expenses had only about two weeks of cash on hand at the time of the survey.

Issue 44 – Achieve Your Targeted Objectives for 2021 and Beyond

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 26 May 2021 13:58:00 GMT

What is OCR and How Does It Work?

Post Pandemic Recovery: The Critical Role of a CFO

The financial impact of COVID-19 on businesses can’t be overstated. The past year has been rollercoaster ride for many businesses with unpredictable dips, turns, and pivots.

Small Business Relief: Round 2

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 25 Jan 2021 17:56:00 GMT

Last year proved to be a tough year for businesses due to the COVID-19 pandemic—even for those that received funding from the initial Paycheck Protection Program (PPP). Recognizing the hardship that COVID-19 has placed on companies, the Small Business Administration (SBA) in consultation with the U.S. Treasury Department has reopened [...]

Government Contractors: Do your finance and accounting functions align with your projects?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 25 Jan 2021 17:36:00 GMT

Project-centric organizations such as government contractors, construction companies, and architect firms, know that success relies on ensuring projects are delivered on time and on budget. Having project controls in place helps companies monitor the status of a project to make sure that goals are being met—both from a timeline and financial perspective.

Issue 43 – Reaching Your Goals in 2021

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 25 Jan 2021 17:19:00 GMT

Small Business Relief: Round 2

Last year proved to be a tough year for businesses due to the COVID-19 pandemic—even for those that received funding from the initial Paycheck Protection Program (PPP).

Government Contractors: Do Your Finance and Accounting Functions Align with Your Projects?

Project-centric organizations such as government contractors, construction companies, and architect firms, know that success relies on ensuring projects are delivered on time and on budget.

Tax Time Reminder: Don’t Forget About Fringe Benefits

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 15 Dec 2020 16:28:00 GMT

As 2020 nears its end, it’s time to focus on W-2 reporting and the tax implications of the fringe benefits you are providing your employees. According to the Internal Revenue Service’s (IRS) Publication 15-B, “a fringe benefit is a form of pay for the performance of services.

The Post Pandemic Back Office

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 11 Dec 2020 20:40:00 GMT

Since the onset of COVID-19, many CEOs have been wondering what will getting back to business as usual look like? The truth is it may not look all that different. The pandemic has certainly redefined the back office as companies were forced to implement telework solutions to keep employees safe.

CARES Act Tax Impact on GovCons

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 11 Dec 2020 20:34:00 GMT

Due to the pandemic and the subsequent economic impact, 2020 has been an unprecedented year filled with much uncertainty for businesses. Fortunately, on March 27, 2020, Congress responded by passing the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), legislation geared towards helping small- to mid-size companies obtain the liquidity required to keep operations intact.

Issue 42 – Achieve More in 2021

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 09 Dec 2020 19:19:00 GMT

Tax Time Reminder: Don't Forget About Fringe Benefits

The Post Pandemic Back Office

The CARES Act Tax Impact on GovCons

Introducing RFSBanking & RFSTreasury

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 19 Oct 2020 22:06:00 GMT

Managing, monitoring and making sense of your financial balances and transactions has never been easier.

Get to Know RFS’ New Partners

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 19 Oct 2020 22:05:00 GMT

Rose Financial Solutions (RFS) is excited to introduce you to our three new partners Tiffany Kao, Abhinav “Abhi” Chopra, and Wallace “Wally” Angel.

GovCons: CMMC Impact on Financial Systems

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 19 Oct 2020 21:18:00 GMT

The CMMC will impact approximately 300,000 firms in the Defense Industrial Base (DIB) that will need to meet the new standards in order to seek contracts.

CARES Act: Forgiveness Application Highlights

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 19 Oct 2020 21:10:00 GMT

We're in the final months of 2020 and year-end close outs—and many businesses that received CARES Act funding are wondering where to go from here.

Issue 41 – Looking Ahead to 2021

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 19 Oct 2020 20:29:00 GMT

Introducing RFSBanking & RFSTreasury

As the leader in the next generation of FAO called Finance as a Service, Rose Financial Solutions (RFS) is committed to providing our clients with the financial clarity they need to grow.

Get to Know RFS' New Partners

Tiffany joined our team in March 2020 when RFS acquired her company Veraccounts, a Northern Virginia outsourced accounting firm with a legal name of Count Em Beans LLC.

GovCons: CMMC Impact on Financial Systems

We’re all aware of the growing number of cybersecurity and data breach concerns our nation faces. According to Ellen Lord, the undersecretary of defense for acquisition and sustainment, “Cybersecurity risks threaten the industrial base, national security, as well as partners and allies.

CARES Act: Forgiveness Application Highlights

What a year 2020 has turned out to be. It’s been challenging, frustrating, and unprecedented—a tumultuous year for both civilian businesses and government contractors alike.

CARES Act Update as of October 2020

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 14 Oct 2020 17:20:00 GMT

New rules are out for PPP loans under $50K. Please contact RFS if you need guidance on issues as soon as possible. CARES Act implications are rapidly evolving.

CMMC Update as of October 2020

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 14 Oct 2020 17:11:00 GMT

Effective November 30, 2020, contractors may not be awarded contracts, nor can they award sub-contracts, unless they, and their subcontractors, have performed self-assessments and reported those results to a DoD website.

Congratulations to Skyris, LLC on the Sale of its Company to ASGN

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 08 Oct 2020 18:36:00 GMT

Rose Financial Solutions (RFS) congratulates Skyris, LLC on the sale of its company to ASGN (NYSE: ASGN). RFS and Skyris’ 10 year partnership has allowed Skyris’ highly motivated and talented management team to focus on operational excellence and growth while leaving the burdensome financial, accounting and tax responsibilities to RFS and its dedicated team.

Webinar: 30 Day Road Map to Financial Clarity

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 18 Aug 2020 14:01:00 GMT

Accounting is no longer just about compliance and record keeping—it’s about converting financial data proactively into meaningful and reliable financial information. Achieving your goals with confidence requires a combination of the right people, processes, and technology, known as Finance as a Service (FaaS).

Rose Financial Solutions Announces Two New Partners

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 09 Jul 2020 19:09:00 GMT

ROCKVILLE, Md., July 9, 2020—Rose Financial Solutions (RFS), a pioneer in finance and accounting outsourcing, is pleased to announce that two senior members of its firm, Wallace Angel and Abhinav Chopra, have been promoted to Partner – Client CFO.

“Abhinav and Wallace have played an instrumental role in RFS’ success and we are excited to call them partners in our firm,” said Ted Rose, President, CEO and Founder of RFS. “Their expertise and dedication will play a vital role in continuing to advance our growth plans.”

Abhinav “Abhi” Chopra has over 14 years of experience in providing accounting and finance services for government contractors, not-for-profit, and for-profit clients. He began his career with RFS in 2015 as an Assistant Controller and Team Coordinator. His outstanding performance led his career path to his current position as Partner – Client CFO and leading the expansion of RFS’ services to the Raleigh-Durham, North Carolina area. His expertise includes analysis and reporting, strategic planning, complex billing and implementation of policies and procedures. In his current position, Chopra serves as a trusted advisor to C-suite team members looking for ways to improve their performance through strategic financial management.

Chopra graduated from Old Dominion University with a B.S. B.A. in Accounting. Additionally, he served as a Member of Board of Directors for the National Alliance on Mental Illness (NAMI) Northern Virginia from September 2014 through March 2016.

Wallace “Wally” Angel is a strategic CPA with more than 20 years of experience in the government contracting and consulting environments with companies ranging from start-ups to $800M. His government contracting expertise includes FAR and DCAA compliance, indirect rate calculation, forward pricing, proposal writing, pricing, and cradle to grave contracts management and system design and implementation. In his position as Partner – Client CFO, Mr. Angel serves as a trusted advisor to the C-suite in controllership and cash management, revenue recognition, system design and implementation, and full financial planning and analysis.

Mr. Angel holds a B.S. in Accounting from George Mason University, where he graduated with honors, and is a Certified Public Accountant who passed the exam in the state of Maryland on the first sitting. Mr. Angel also completed his Costpoint Master Certification exam administered by Deltek.

Do You Have a Post Pandemic Financial Plan?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 12 Jun 2020 20:13:00 GMT

RFS CEO Ted Rose was an expert panelist on Global Forum Summit’s Webinar: Restart Your Dental Practice’s Engine Post COVID-19. View the webinar to find out why you need a post pandemic financial plan.

IRS Updates: Key Tax Deadlines | Guidance Under the CARES Act

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 10 Apr 2020 15:43:00 GMT

On April 9, 2020, the Internal Revenue Service (IRS) announced additional key tax deadlines for individuals and businesses as well as guidance under the CARES Act to taxpayers with net operating losses.

IRS extends more tax deadlines to cover individuals, trusts, estates corporations and others
To help taxpayers, the Department of Treasury and the IRS announced yesterday that Notice 2020-23 extends additional key tax deadlines for individuals and businesses.

Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due.

Yesterday’s notice expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. Individuals, trusts, estates, corporations and other non-corporate tax filers qualify for the extra time. This means that anyone, including Americans who live and work abroad, can now wait until July 15 to file their 2019 federal income tax return and pay any tax due.

Extension of time to file beyond July 15
Individual taxpayers who need additional time to file beyond the July 15 deadline can request an extension to Oct. 15, 2020, by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004. An extension to file is not an extension to pay any taxes owed. Taxpayers requesting additional time to file should estimate their tax liability and pay any taxes owed by the July 15, 2020, deadline to avoid additional interest and penalties.

Estimated Tax Payments
Besides the April 15 estimated tax payment previously extended, yesterday’s notice also extends relief to estimated tax payments due June 15, 2020. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020,can wait until July 15 to make that payment, without penalty.

2016 unclaimed refunds – deadline extended to July 15
For 2016 tax returns, the normal April 15 deadline to claim a refund has also been extended to July 15, 2020. The law provides a three-year window of opportunity to claim a refund. If taxpayers do not file a return within three years, the money becomes property of the U.S. Treasury. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by the July 15, 2020, date.

1 – This relief includes not just the filing of specified Forms, but also all schedules, returns, and other forms that are filed as attachments to specified forms or are required to be filed by the due date of Specified Forms
2 – This relief comes through Rev. Proc. 2018-58 for affected taxpayers with a time sensitive which is due to be performed on or after April 1, 2020.

NOTE: The above list is not intended to be all inclusive. Rev. Proc. 2018-58 provides other disaster-related relief for time-sensitive actions and elections.

https://www.irs.gov/pub/irs-drop/rp-18-58.pdf

IRS provides guidance under the CARES Act to taxpayers with net operating losses
The IRS yesterday issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. Recently the IRS issued tax relief for partnerships filing amended returns.

COVID Relief for taxpayers claiming NOLs
Revenue Procedure 2020-24 provides guidance to taxpayers with net operating losses that are carried back under the CARES Act by providing procedures for:

Six month extension of time for filing NOL forms
In Notice 2020-26 , the IRS grants a six-month extension of time to file Form 1045 or Form 1139, as applicable, with respect to the carryback of a net operating loss that arose in any taxable year that began during calendar year 2018 and that ended on or before June 30, 2019. Individuals, trusts, and estates would file Form 1045 , and corporations would file Form 1139 .

COVID relief for partnerships with NOLs
On April 8, 2020, the IRS issued Revenue Procedure 2020-23 , allowing eligible partnerships to file amended partnership returns using a Form 1065, U.S. Return of Partnership Income, by checking the “Amended Return” box and issuing amended Schedules K-1, Partner’s Share of Income, Deductions, Credits, to each of its partners. Partnerships filing these amended returns should write “FILED PURSUANT TO REV PROC 2020-23” at the top of the amended return.

CARES Act: Expected SBA Application Start Date

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 02 Apr 2020 18:31:00 GMT

April 3, 2020 —Some banks are expected to begin to accept applications for the CARES Act SBA loans as of midnight on April 3, 2020.

Senate Passes CARES Act | Update: March 26, 2020

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 26 Mar 2020 16:29:00 GMT

The provisions of the CARES Act are starting to solidify. Key items to keep in mind:

Loan amounts will be limited to 2.5 times average monthly payroll costs for prior 12 months (including salaries, commission, bonuses, health insurances, retirement payments, time-off payments, etc.).

Salaries, 1099 contractor expense, and owners comp are all limited to $100K per person and all included in Payroll Costs – You can include up to $100K of your documented compensation in the loans and forgiveness as currently written ).

Covered period is February 15 – June 30, 2020.

You must have been in business and had employees as of February 15, 2020 to be eligible for CARES Act.

If you have recently received an SBA Disaster loan, make sure to roll that into your application for it to be eligible for forgiveness.

If you have not received funding on an SBA Disaster loan at the time of CARES funding, you may want to cancel Disaster loan – you can’t receive both Disaster and CARES loans that cover payroll.

Forgiveness will occur in the third/fourth quarter of this year based on submission of an application – more on this later.

Funds used for eight weeks of payroll costs, rents, utilities, loan interest will be forgiven – timer starts at funding of loan.

You must maintain staff levels (as compared to last year or first two months of year) and 75% of staff costs to get full forgiveness.

Applications will be accepted as early as next week: You are only allowed to submit ONE application under CARES Act – make sure it is complete and accurate.

Click here to view SBA Loan Information and Application Support

For more info visit RFS Updates

Rose Financial Solutions Acquires Veraccounts to Grow Team and Client Base

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 25 Mar 2020 21:40:00 GMT

“We’d like to extend our warmest welcome to Veraccounts’ clients and team, including Managing Member, Tiffany Kao,” said Ted Rose, president, CEO and founder of RFS. “With a shared strategic vision, the acquisition enables RFS to expand our client base while bringing our shared service center capabilities to dozens of Veraccounts’ clients.”

The acquisition builds on the plans RFS put into place in 2019 to accelerate its growth and take advantage of secular and technology shifts to deliver financial clarity that allows clients to make better business decisions.

Founded in 2011, Count Em Beans (dba Veraccounts) provides fast growing and established companies with proactive outsourced accounting solutions in order to streamline and increase the efficiency of a company’s accounting operations to meet the challenges of expansion and rapid growth.

As part of the acquisition, Veraccounts Managing Member Tiffany Kao will join RFS as the Client Growth Partner to help existing and new clients outsource their critical back office functions to RFS. “We are all excited to join the innovative and talented team at Rose Financial Solutions to continue to deliver on our vision of delivering proven outsourced accounting services that help businesses scale operations quickly,” said Kao.

CARES Act | Expedited SBA Loans and Forgiveness

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 25 Mar 2020 15:48:00 GMT

The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, is expected to pass Congress soon. The act provides emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic.

Rose Financial Solutions (RFS) is closely monitoring and working to create an expedited Small Business Administration (SBA) “forgivable” loan package . As part of the act, businesses could receive a maximum of 2.5 months of payroll costs, with the possibility of the loan being deferred and ultimately forgiven.

To be eligible, you must have been in business with employees on February 15, 2020. For more information view:

RFS is committed to helping our clients get through this crisis as we are all in this together!

Click here to view SBA Loan Information and Application Support

COVID-19 Update: Ensuring Continued Service

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 23 Mar 2020 14:04:00 GMT

The novel coronavirus (COVID-19) concerns are elevating each day and we are all hopeful this health issue will be contained with a remedy in a reasonable amount of time. RFS’ number one priority is the safety and well-being of our people, clients, families, and the communities in which we live and work. We are assessing the situation daily, remaining vigiliant, and following recommendations from the U.S. Centers for Disease Control and Prevention (CDC) and local authorities.

To ensure that our clients’ finance, accounting and tax operations continue to function, we have implemented a work from home plan of action and would like to share with you the details of our program:

Please understand that RFS has always considered our staff and clients our most valuable assets. The program that we have put into action will provide an extra safeguard for all of us and ensure our continued service to you.

As we navigate this time of uncertainty together, please feel free to reachout if you need us. We hope that you and your loved ones continue on a safe path ahead.

Tax Filing and Payment Deadline Update

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 23 Mar 2020 13:26:00 GMT

As we announced earlier, tax payments for tax year 2019 and 2020 first quarter estimates originally due on April 15 were deferred automatically to July 15. As an update to that announcement, yesterday Treasury Secretary Steven Mnuchin sent out a tweet stating “At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.” Friday evening March 20 the IRS released Notice 2020-18 which formalizes this announcement and superceded the prior announcement, the release can be viewed here . The Notice states that all tax year 2019 federal income tax filings and payments and first quarter 2020 estimated payments originally due on April 15th are now automatically postponed until July 15th and there is no limit on the amount of the payment that can be deferred. Further, no forms need to be filed to obtain this relief.

Despite there still being a lot of unanswered questions, this provides real relief for many taxpayers who are unable to access or transmit information in a timely manner to their tax professionals, or for those tax professionals who are experiencing issues due to the personal impact of Covid-19.

In addition to this announcement, there are two pieces of legislation before the Senate and House that we are monitoring: S. 3535 “Tax Filing Relief for America Act” and the “Coronavirus Aid, Relief, and Economic Security (CARE) Act.” Some of the items in these pieces of legislation that may be of interest are (Note: these items are considered phase 3 of the Coronavirus relief measures, they have not been passed and are subject to change):

The states continue to react to the federal deferral of time to file and pay, and we are actively monitoring those as well for delays in filing income, sales and use, personal property, and other state and local based taxes. You can view the current status of states response here .

At RFS we are committed to providing you the best possible service and have implemented the tools and technology to continue doing just that through this crisis. We are set up for remote work for all our employees and have been doing so since March 16 with no disruptions to our clients and partners.

To assist with the preparation of your tax returns we ask that you use our secure information gathering tools to send us information so that the entire engagement team has the same information vs. sending information through an email. For our business clients, we have provided the use of our online Engagement Organizer and for our individual clients we have provided TaxCaddy. If you have not received a link yet for either of these please reach out to your team members and we will provide that to you.

We encourage each of you to reach out to your RFS team and schedule your tax returns if you are expecting a refund to make sure you receive those refunds as quickly as possible.

Important IRS Announcement | Filing and Payment Deadline

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 19 Mar 2020 22:21:00 GMT

On Tuesday, March 17, Treasury Secretary Mnuchin announced a series of tax relief measures designed to assist taxpayers and tax preparers during the coronavirus (COVID-19) pandemic. On Wednesday, March 18, the Internal Revenue Service released Notice 2020-17 providing further information and clarity on what the extensions of time entailed. The two specific announcements made at the press briefing were:

1. C Corporations can defer up to $10 million in tax payments for 90 days.

2. All other taxpayers can defer tax payments up to $1 million in tax payments for 90 days.

The extension of time covers:

1. Federal income and self-employment tax only

2. Calendar year 2019 income tax returns only

3. Calendar year 2020 first quarter estimated tax payments only
No additional tax returns, tax types, or periods covered are eligible for the relief. Any tax returns originally due on the April 15 date must either be filed or extended, if an extension is normally available.

There will be no late payment penalties or interest on payments that were originally due on April 15 if made by the new July 15 deadline. Interest and penalties will begin to accrue on July 16 for these deferred payments.

We hope this will help you manage your personal or business cash flow and provide some much-needed relief during this uneasy time. Please contact us if you have any questions or want to discuss your tax return filing or payment options.

To read the IRS notice please https://www.irs.gov/pub/irs-drop/n-20-17.pdf

In addition, states are offering relief for tax returns and tax payments due during the months of March-May. The AICPA is keeping track of each state and we are also tracking this. To see the state chart please visit the AICPA website for State Tax Filing Guidance for Coronavirus Pandemic:
https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf

Additional Information:
https://home.treasury.gov/news/press-releases/sm948
https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020

As additional information is released or changes we will provide further information.

SBA Rule on Small Business Runway Extension Act Announced

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 10 Dec 2019 15:04:00 GMT

Effective January 6, 2020, the U.S. Small Business Administration (SBA) will change the period of measurement for receipts-based size calculations from three years to five years. This change is the result of the Small Business Runway Extension Act of 2018 and SBA’s final rule making (link below) on December 5, 2019. This is a long-awaited change and will have far-reaching impact on government contractors.

SBA is adopting a two-year transition period, until January 6, 2022, during which firms may choose to use either the current three-year calculation or the new five-year calculation. After January 6, 2022, all companies must use the five-year period of measurement in determining their size under a receipts-based calculation. Information for receipts-based calculations are taken from tax returns as opposed to company financials.

For more information, visit: https://www.federalregister.gov/documents/2019/12/05/2019-26041/small-business-size-standards-calculation-of-annual-average-receipts.

For additional questions, please contact Frank Wu at frank.wu@rosefinancial.com or 301-527-1130, Ext 272.

From Abacus to AI: The Advancement of Accounting

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Nov 2019 20:22:00 GMT

Research the history of accounting and you’ll find timelines dating back thousands of years. Ancient Mesopotamian civilizations used rudimentary accounting methods to keep records regarding animals and crops. Tokens, clay balls, clay tablets, the abacus and papyrus were the tools of the trade in early accounting.

A Path that Leads to CFO

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Nov 2019 20:19:00 GMT

Oftentimes, employees are concerned they don’t have enough opportunity for growth at their jobs. They become proficient at doing the work they need to do and turn on the cruise control. Eventually, boredom sets in, and many find themselves looking for new work at a new company.

Celebrating 25 Years with over 25-Hundred Meals

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Nov 2019 20:15:00 GMT

Corporate anniversaries are a time to reflect back and look forward. As the Rose Financial Solutions (RFS) team looks back at the first 25 years, we are so grateful for our success, the people who helped us achieve our goals and the opportunity to make a difference in the world we live in.

Boomerang Employees

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Nov 2019 20:08:00 GMT

What are boomerang employees? They are individuals who leave a company they work for, but then later return to work for the company again. But, in order for an employee to even consider coming back to an organization they have left, there has to be a solid and favorable climate and culture to come “home” to. The truth is, employment doesn’t have to end with the exit interview.

Issue 40 – Is Your Business Ready for 2020?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Nov 2019 15:53:00 GMT

From Abacus to AI: The Advancement of Accounting

A Path that Leads to CFO

Oftentimes, employees are concerned they don’t have enough opportunity for growth at their jobs. They become proficient at doing the work they need to do and turn on the cruise control.

Celebrating 25 Years with Over 25-Hundred Meals

Boomerang Employees: Creating a Corporate Culture that Keeps Employees Coming Back

RFS CEO Ted Rose Profiled in the Washington Business Journal

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 16 Oct 2019 19:36:00 GMT

When Ted Rose wanted to start an accounting firm in 1994, other accountants said no client would turn over their checkbook to him. He proved them wrong.

Read more in the Washington Business Journal.

Omar Leguizamon Rejoins RFS® as Accounting Senior

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 24 Sep 2019 15:36:00 GMT

Leguizamon first joined RFS in 2015 as an Accounting Staff. During his tenure at RFS, he gained experience in key business accounting processes, including assisting with preparing journal entries, month-end closings, and financial statements; reviewing accounts payable and cash disbursements; processing billings and receivables; reviewing payroll; and assisting with cash forecasting and budgeting.

Leguizamon recently returned to RFS as an Accounting Senior after serving as an internal staff accountant for a large local company. The senior accounting position requires advanced accounting and data management skills; experience with multi-system environments and electronic workflow systems; and a passion for data integrity, systems integrations, and process improvements.

“One of RFS’ top goals is to help our employees learn, innovate, and grow with the company,” said Ted Rose, president, CEO and founder of RFS. “Omar is the second RFS employee in the past month to return to RFS to continue their professional growth. I am thrilled to have Omar back at RFS. His forward-thinking and technical abilities along with his strong accounting experience make him a valuable asset to the RFS team.”

“I am very excited to be back at RFS,” said Leguizamon. “I look forward to furthering to our clients’ success while contributing new ideas to streamline our business processes.”

Leguizamon is a graduate of the University of Maryland University College, where he earned a Bachelor of Science. He is currently a CPA candidate.

Daniel Ramos Rejoins RFS™ as Assistant Controller and Team Coordinator

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 27 Aug 2019 15:34:00 GMT

“We’d like to extend our warmest welcome back to Daniel,” said Ted Rose, president, CEO and founder of RFS. “I’ve always been incredibly impressed by his deep knowledge of the financial close and reporting process and we are thrilled to have him back on track at RFS again. Above and beyond that, he is a great guy who is well liked by his colleagues.”

In his position as assistant controller and team coordinator, Ramos will perform financial analysis and oversee accounting functions for multiple clients, prepare financial statements, manage month-end closes, perform special projects and supervise and mentor staff.

“My experience with RFS has been the biggest impact in terms of my career growth and source of accounting skills learned and applied. I am very glad to continue developing my path with Rose Financial towards its vision as a company and for myself as an accountant,” said Ramos.
Ramos is a graduate of the University of Baltimore, where he earned a Bachelor of Science degree in Accounting. In 2008, he received the Financial Executives International’s Outstanding Achievement in Accounting Award.

Looking Back and Moving Forward

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 30 Apr 2019 20:31:00 GMT

The year is 1994. The average person doesn’t own a cell phone. Only 2 million computers are connected to the internet and Amazon and Yahoo! are just in their beginning stages. It’s also the year that Ted Rose began transforming the finance and accounting industry by founding Rose Financial Solutions (RFS).

Get to Know RFS’ Tax Partner Peter Stratos

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 30 Apr 2019 20:27:00 GMT

Rose Financial Solutions (RFS) is excited to introduce Peter Stratos, our new tax partner. With a commitment to delivering cost-effective solutions that meet RFS’ standard of excellence, Peter’s expertise enables us to strengthen and expand our domestic and international tax service offerings.

Five Advantages of Outsourcing Accounting and Finance Functions

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 30 Apr 2019 20:25:00 GMT

According to the 2018 Client Accounting Services Survey conducted by CPA.com, businesses that utilize accounting and finance outsourcing report both hard and soft ROI, see higher profits and revenues, are better armed to make business decisions, and enjoy an easier accounting experience.

The Customer Experience: More than Just a Journey, It’s a Path to Success!

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 30 Apr 2019 20:23:00 GMT

Customer Experience (CX) is a hot button term making its way into every corner of the business world—from job titles to websites to corporate mission statements. But, what does it really mean? According to Definitions.net , customer experience is the sum of all experiences a customer has with a supplier of goods and/or services, over the duration of their relationship with that supplier.

Issue 39 – The Journey to Business Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 30 Apr 2019 18:58:00 GMT

Looking Back and Moving Forward

As RFS celebrates its 25th anniversary, we sat down with RFS founder and CEO Ted Rose for a trip down memory lane as well as a look at his vision for the future of the company.

Get to Know RFS' Tax Partner Peter Stratos

With more than 25 years of domestic and international tax experience, Peter knows first-hand the challenges individuals and corporations face across all sectors. His proactive tax planning and advice—along with his business acumen—consistently contribute to minimizing his clients’ overall tax burdens.

Advantages of Outsourcing Accounting Services

to Success!

Customer Experience (CX) is a hot button term making its way into every corner of the business world—from job titles to websites to corporate mission statements. But, what does it really mean?

Peter Stratos Serves as Expert Panelists at SBDC’s CEO Accelerator Seminar

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 12 Apr 2019 20:44:00 GMT

Rose Financial Solutions’ Tax Partner, Peter Stratos, served as an expert panelist at the Maryland Small Business Development Center’s (SBDC) CEO Accelerator Seminar, Manage a Rapidly Growing Business: Strategies to Handle Rapid Growth – Hiring and Outsourcing. The event was held April 9 at the PSA Insurance Building in Hunt Valley, Maryland.

The SBDC Network is a partnership between the U.S. Small Business Administration, the State of Maryland, and the University of Maryland, College Park that links private enterprise, government, higher education, and local economic development organizations to provide high-quality training, confidential consulting, and market and industry research to Maryland’s small businesses.

Rapidly Growing Business: Strategies to Handle Rapid Growth – Hiring and Outsourcing put CEOs, entrepreneurs, and business owners in a room to hone their skills at making critical decisions and overcoming real-world HR challenges that growing businesses face. The graduate-level program will focus on C-level challenges, pain points, and opportunities.

About Peter Stratos

With more than 25 years of experience, Mr. Stratos is an expert in domestic and international tax for both individuals and corporations. His ability to deliver proactive planning and advice helps minimize overall tax burdens, whether international or domestic. Mr. Stratos is a frequent speaker for the AICPA and other organizations on various international tax topics and has also written several articles and issue papers covering these topics.

About Maryland Small Business Development Center (SBDC)

Maryland SBDC is a partnership between the U.S. Small Business Administration, the State of Maryland and the University of Maryland, College Park. SBDC links private enterprise, government, higher education and local economic development organizations to provide high-quality training, confidential consulting and market and industry research to Maryland’s small businesses.

Rose Financial Solutions Celebrates 25 Years of Finance and Accounting Innovation

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 27 Feb 2019 14:20:00 GMT

Founded in 1994 by CEO Ted Rose, RFS is a pioneer in the finance and accounting outsourcing industry. In 1995, the company coined the term “accounting outsourcing,” a term that today is widely used among accounting service companies. “When I founded RFS, I had a vision that RFS could support its clients’ growth without their need to hire finance and accounting staff,” said Rose. “At that time, there was no existing terminology to explain our business model in the accounting space and I realized that outsourcing was exactly what RFS was doing for our clients.”

“RFS is proud of our 25-year track record of improving our clients’ financial performance through financial clarity,” said Rose. “At the same time, we are focused on the future and continuing to deliver value to our clients through our state-of-the-art finance and accounting innovations. RFS will continue build a bright financial future for our clients through the year 2025 and beyond!”

Rose Financial Solutions Acquires Stratos & Associates to Enhance Team and Service Offering

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 20 Feb 2019 20:48:00 GMT

The acquisition unites the leading finance and accounting outsourcing firm headquartered in the Washington, DC area with an established tax firm with a strong focus on international tax compliance. Founded in 1994, RFS is a pioneer in the finance and accounting industry. Focused on providing clients with financial clarity that allows them to make sound business decisions, RFS leverages the latest technology to convert accounting information into business intelligence.

“We’d like to extend our warmest welcome to the Stratos team and its managing member, Peter Stratos, CPA,” said Ted Rose, president, CEO and founder of RFS. “With a shared strategic vision and increased capabilities, the acquisition enables RFS to strengthen and expand our international and domestic tax service offerings while bringing our shared service center capabilities to dozens of Stratos’ international clients doing business in the U.S.”

Founded in 2010, Stratos & Associates provides individuals, international companies and domestic businesses with proactive tax planning and advice in order to minimize their overall tax burden, whether international or domestic. The firm also provides a wide range of compliance services for those operating in foreign jurisdictions and for foreign businesses operating in the U.S.

As part of the acquisition, Stratos & Associates’ managing member, Peter Stratos, will head up RFS’ tax division.

“We are all excited to join the innovative and talented team at Rose Financial Solutions,” said Stratos. “We look forward to expanding our capabilities and service offerings to our clients by joining the leader in finance and accounting outsourcing.”

Finance as a Service: Technology + Services = Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 07 Dec 2018 20:40:00 GMT

Finance and accounting technology isn’t just a shiny new object, it’s the path to knowledge and the tool to financial clarity. It isn’t an unnecessary expense, it’s a necessity for businesses that want to achieve more.

Business Road Trip 101: Check Your Dashboard

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 07 Dec 2018 20:35:00 GMT

At Rose Financial Solutions (RFS), we embrace a philosophy of continuous process improvement both externally and internally, resulting in improved financial performance for our clients. To ensure that business improvements are creating positive results, RFS is rolling out RFSDashboard™.

Turning the Table on Today’s Tight Job Market

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 07 Dec 2018 20:29:00 GMT

After years of job seekers scrambling to find jobs, the tables are turning. Today’s tight job market is having a deep impact on a company’s ability to hire and retain top talent.

Tis the Season for Corporate Responsibility!

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 07 Dec 2018 20:14:00 GMT

RFS Meals for the HomelessFrom hiring and retaining top talent that want to work for a company that has a corporate responsibility (CR) program, to increasing employee engagement, there’s no disputing the value CR brings to a company. In fact, according to a study by projectroi.com [...]

Issue 38 – Plan for Success in 2019

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 07 Dec 2018 18:46:00 GMT

Finance as a Service: Technology + Services = Success

Business Road Trip 101: Check Your Dashboard

At Rose Financial Solutions (RFS), we embrace a philosophy of continuous process improvement both externally and internally, resulting in improved financial performance for our clients.

Turning the Table on Today's Tight Job Market

After years of job seekers scrambling to find jobs, the tables are turning. Today’s tight job market is having a deep impact on a company’s ability to hire and retain top talent.

'Tis the Season for Corporate Responsibility

From hiring and retaining top talent that want to work for a company that has a corporate responsibility (CR) program, to increasing employee engagement, there’s no disputing the value CR brings to a company.

Building a Successful Business is a Marathon, Not a Sprint

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 06 Sep 2018 16:58:00 GMT

In the running world, sprinting and marathon races are on opposite ends of the spectrum and require very different skills. While both are challenging and require intense training, a sprint focuses on the short term, a marathon focuses on the long run. In many ways, starting a business is similar to training for a marathon.

Maximizing Your Workforce for Business Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 06 Sep 2018 16:48:00 GMT

In today’s tight job market, the term human capital management is more than a buzz word – it’s a philosophy that is changing the way companies think about hiring and retaining their employees. According to study.com , human capital management is an approach to employee staffing and retention that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment.

Get to Know Our New Solutions Providers

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 06 Sep 2018 16:38:00 GMT

RFS is pleased to announce the addition of our three new Solutions Providers, C. Joseph “Joe” Thomas, Jr., Adrienne Lewis and Karen Long. At Rose Financial Solutions (RFS), our focus is on helping our clients succeed in their missions.

The Win-Win of Corporate Wellness

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 06 Sep 2018 16:28:00 GMT

Corporate culture is rapidly evolving as today’s workforce seeks to work for companies that offer programs that support the physical and mental well-being of their employees. However, small- to mid-sized companies often see corporate wellness programs as a sizeable investment that only megacompanies can afford.

Issue 37 – A Holistic Approach to Growth

matt.scroggs@rivalmind.com (Matthew Scroggs) — Thu, 06 Sep 2018 15:54:00 GMT

Building a Successful Business is a Marathon, Not a Sprint

Maximizing Your Workforce for Business Success

In today’s tight job market, the term human capital management is more than a buzz word – it’s a philosophy that is changing the way companies think about hiring and retaining their employees.

Get to Know Our New Solutions Providers

At Rose Financial Solutions (RFS), our focus is on helping our clients succeed in their missions. That’s why we take a holistic approach to their finance, accounting, compliance and human resource needs.

The Win-Win of Corporate Wellness

Corporate culture is rapidly evolving as today’s workforce seeks to work for companies that offer programs that support the physical and mental well-being of their employees.

Rose Financial Solutions Welcomes Karen Long as an RFS Solutions Provider

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 21 Aug 2018 17:28:00 GMT

“We are excited to have Ms. Long join the RFS team as a Contract Management Consultant,” said Ted Rose, RFS CEO, President and Founder. “She brings deep knowledge and expertise on the full government contracting procurement process.”

Ms. Long is a federal government contracts expert with over 15 years of experience in government contracting for small- and mid-sized companies. From pre-RFP to close-out, Ms. Long’s expertise spans the entire contract process. This includes reviewing RFPs; pricing; negotiating non-disclosure and teaming agreements; subcontracts; financially and contractually managing contracts; preparing estimates of completion; and completing close outs.

As RFS’ Contract Management Consultant, Ms. Long will partner with RFS to help government contractors navigate the complicated proposal process. “I look forward to being part of the RFS team and helping government contractors take their businesses to the next level,” said Ms. Long.

Ms. Long is the Founder and President of Streamline Government Contracts, LLC. Prior to founding Streamline Government Contracts, she served as the Contracts Manager for Advanced Technologies and Laboratories International Inc., where she reviewed and negotiated subcontracts, reviewed and signed non-disclosure agreements, reviewed contractual monthly reports from a funding perspective, and acted as liaison between the accounting department and project managers. Prior to working for Advanced Technologies and Laboratories International Inc., she was the Sr. Contracts/Financial Analyst for Sabre Systems, Inc.

Ms. Long currently serves as a government contracting subject matter expert for Industry Newsletter . She earned a B.S. degree in Education from the University of Connecticut, an M.S. in Management on the Procurement and Contracts Management track, and an MBA from the University of Maryland University College. In addition, she is a Certified Federal Contracts Manager.

Nourish Now, Other MoCo Orgs, Provide Free Food and Camps for Students

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 18 Jul 2018 15:03:00 GMT

MONTGOMERY COUNTY, Md. – Did you know that even though there are 120 locations in Montgomery County where students can get free lunch throughout the summer, only 9,500 out of 55,000 eligible students receive food each day?
To help close the summer hunger gap Rockville food bank Nourish Now is collaborating with local community groups to feed students in need.

During June, Nourish Now provided lunches, healthy snacks, and bottled water for 90 Elementary and Middle schoolers during two weeks of summer camps in Gaithersburg and Silver Spring, led by long-time collaborator So What Else (SWE). Through an initiative called Feed The Mind, SWE offers fun and educational activities, while Nourish Now provides fresh food donations, to benefit underserved youth in the DC metro region.

For the third year in a row, supporter Rose Financial Solutions donated 4,000 bottles of water and more than 1,000 sandwiches and snack bags, totaling over 5,000 pounds. Food drives and special projects from Coldwell Banker and Washington Suburban Sanitation Commission (WSSC) yielded another 3,000 pounds of food donations for these summer programs. Fresh produce, beverages and prepared meals also are donated by some of Nourish Now’s Food Donor Partners, including From the Farmer, High Point Events, MedImmune, Simply Fresh Events, Target, and Whole Foods.

In July, Feed The Mind collaborations continue with more summer camps in DC, Prince George’s County, and Baltimore, serving more than 150 additional campers. Nourish Now also is collaborating with the organization Identity to provide meals and snacks for 50 children at Stedwick Elementary (Montgomery Village) & Redland Middle School (Rockville), as well as 60 kids with Sea Turtles Summer Camp at Flora Singer Elementary (Silver Spring).

Throughout the entire month of August, Monday to Friday, Nourish Now and So What Else will provide free food and programming for 50 kids during Feed The Mind camp at Rockville Housing Enterprise. Programming activities include nutrition education, yoga, spice painting, overall wellness, gardening, basketball, and of course, eating lunch.

Support these summer programs by donating to Nourish Now online:
https://nourish-now.networkforgood.com/projects/46074-1-00-1-meal

Learn more about MCPS lunch locations and free summer meals offered in the county:
http://www.montgomeryschoolsmd.org/departments/foodserv/special/default.aspx?id=385164

To find out about openings at these camps, contact So What Else:
https://www.sowhatelse.org/summer-camp/

About Nourish Now
Nourish Now is a 501c3 nonprofit food bank, specializing in food recovery and providing donations from grocers, caterers, restaurants, bakeries, and other food donors for the benefit of children, families, and the elderly, as well as shelters, food pantries, and other organizations working to end hunger. Viable food partners are identified in the community, and donations of food are recovered and redistributed through our network. Nourish Now’s mission is to solve two major social issues simultaneously: food waste and hunger. Through three core programs, more than 700 families each month and 90 like-minded organizations receive recovered food donations.

Rose Financial Solutions Launches Solutions Provider Program

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 02 Jul 2018 19:52:00 GMT

“The goal of our RFS Solutions Provider Program is to widen the availability of our finance and accounting solutions to business leaders seeking to achieve more with financial confidence,” said Ted Rose, president, CEO and founder of RFS. “With support from RFS, RFS Solution Providers can remain strategic advisors to their clients by staying focused on the bigger picture while ensuring that their clients have the business intelligence needed to make better business decisions and improve financial performance.”

Rose Financial Solutions Announces Human Capital Management Solution

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 15 Jun 2018 21:58:00 GMT

ROCKVILLE, Md., June 15, 2018—Rose Financial Solutions (RFS) is pleased to announce that it is rolling out RFSHR, its human capital management solution.

RFSHR is a single source solution for today’s human capital management challenges. From recruitment to compliance, RFSHR combines human resources expertise, the latest technology (RFSHRIS) and business acuity to maximize the value employees bring to an organization.

RFSHR helps start-ups and emerging growth companies standardize their human resources management processes including payroll, recruitment, management, development and more—all while increasing productivity and minimizing compliance related risks.

“We developed RFSHR to fill a gap in the human capital management market,” said Ted Rose, RFS CEO, President and Founder. “As a solutions provider for our clients’ payroll and related management areas, RFSHR is a natural extension of our holistic approach to our clients’ finance, accounting and human resource needs.”

For more information, visit: /human-capital-management/

Rose Financial Solutions Welcomes C. Joseph Thomas, Jr. as an RFS Solutions Provider

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 12 Jun 2018 16:07:00 GMT

ROCKVILLE, Md., June 12, 2018—Rose Financial Solutions (RFS) is pleased to announce the addition of C. Joseph “Joe” Thomas, Jr. to its team of solution providers.

“We are excited to have Mr. Thomas join the RFS team as a Chief Financial Officer (CFO) in St. Louis, Mo.,” said Ted Rose, RFS CEO, President and Founder. “He brings a strong skillset to our team of solution providers and will help us meet the expanding demand for our solutions in the Mid-West.”

As an RFS CFO solutions provider, Mr. Thomas will partner with RFS to deliver the company’s end-to-end finance and accounting solutions to the St. Louis market. “I’m excited to be selected as an RFS solutions provider,” said C. Joseph Thomas, Jr. “I look forward to bringing RFS’ innovative solutions to clients in the St. Louis area while helping them improve their financial performance through financial clarity.”

Thomas is a finance executive with expertise in both public and private corporate financing, bank relations, cash management, financial analysis, negotiations, foreign exchange, SOX compliance, acquisitions, credit and collections, and employee benefits. With more than 20 years of experience, he has a proven track record of identifying, analyzing, and resolving important business issues. Thomas possesses exceptional analytical, organizational, and managerial skills that enable him to creatively communicate ideas to achieve company objectives. His background includes extensive leadership experience in billing and collections, treasury operations, and corporate credit operations.

Thomas is the Managing Partner and Founder of CJ Thomas Consulting, LLC in Saint Louis, Mo. Prior to founding CJ Thomas Consulting, he served as the Chief Financial Officer and Chief Treasury Officer of CTSI-Global, where he was responsible for cash management, reporting bank relations, insurance matters, and credit. Prior to CTSI-Global, Mr. Thomas was the Manager Financial Operations-Credit and Collections for CenturyLink Inc. He is a graduate of Missouri State University with a B.S. in Finance.

Rose Financial Services Announces Name Change

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 12 Jun 2018 13:38:00 GMT

ROCKVILLE, Md., June 12, 2018—Rose Financial Services (RFS), a pioneer in finance and accounting outsourcing, is pleased to announce that beginning this month its name will be Rose Financial Solutions.

“While we are only changing one word—services to solutions—it speaks volumes about our commitment to helping our clients succeed in their own missions by improving their financial performance through financial clarity,” said Ted Rose, President, CEO and Founder of RFS.

Rose Financial Solutions’ website address remains www.RoseFinancial.com.

What’s in a Name? Everything.

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Jun 2018 22:06:00 GMT

One of the greatest challenges a new company faces is finding the right name to represent its products or services. After all, you want your business’ name to be memorable, easy to pronounce and provide information about what your company does. Easy? Not by a long shot.

The Future of Accounting Technology is Here. Are You Prepared?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Jun 2018 22:01:00 GMT

Business Tip from Ted: Winning Teams Are Developed

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Jun 2018 21:53:00 GMT

As the baseball season kicks off, I’ve been reflecting on the 12 years I coached my two sons’ sports teams. During that time, I witnessed some exciting moments and along the way, learned a lot about building a team in the business world.

Energy Boosters for Taxing Times

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Jun 2018 21:30:00 GMT

There’s no doubt that the weeks leading up to Tax Day are a demanding time for accounting professionals. During this busy season, which typically begins in January and lasts until mid-April, many accountants work long hours and feel the pressure of work-related stress.

Issue 36 – The Future of Accounting Technology is Here

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 04 Jun 2018 21:20:00 GMT

What's in a Name? Everything.

The Future of Accounting Technology is Here. Are You Prepared?

Accounting technology is evolving at the speed of light and it’s having a profound impact on how businesses are positioning themselves for the future. Not so long ago, terms such as artificial intelligence (AI) and machine learning (ML) seemed like futuristic goals.

Business Tip from Ted: Winning Teams Are Developed

Energy Boosters for Taxing Times

Rose Financial Services Appoints Kenneth Tarr and Kimberly Kuchman Partners

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 05 Feb 2018 15:32:00 GMT

ROCKVILLE, Md., January 30, 2018—Rose Financial Services (RFS), a pioneer in finance and accounting outsourcing, is pleased to announce that two senior members of its firm have been promoted to partner. Effective January 1st, Kenneth A. Tarr serves as Partner and Kimberly A. Kuchman as Partner, Transaction Division.

“Through their dedication and expertise, Kenneth and Kimberly have been instrumental in RFS’ growth,” said Ted Rose, President, CEO and Founder of RFS. “We are pleased to recognize their outstanding service and are proud to call them partners in our firm.”

Click here to read the entire article on Citybizlist .

Benchmarking: Your GPS to Business Success

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Jan 2018 19:11:00 GMT

Often, small- to mid-size companies base their business’ success on revenue. After all, if your revenue is growing, you will continue to succeed, correct? Not always. Even growing companies face uncertainties on the road from where they are—to where they want to go. Fortunately, there is a navigation tool known as benchmarking that can help companies start their journey to greater success.

RFSClarity: Developed for CEOs and CFOs That Are On the Go

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Jan 2018 19:08:00 GMT

There is no doubt that technology delivers many benefits. In the finance and accounting industry, it allows us to structure finance, accounting and meta data—all while eliminating tedious processes, improving efficiency, managing risk and reducing human error.

Get to Know Our Two New Partners

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Jan 2018 19:00:00 GMT

Rose Financial Services (RFS), a pioneer in finance and accounting outsourcing, is pleased to announce that two senior members of its firm have been promoted to partner. Effective January 1st, Kenneth A. Tarr serves as Partner and Kimberly A. Kuchman as Partner, Transaction Division.

Bringing Hope, Nourishment and Hydration to the Homeless

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Jan 2018 18:44:00 GMT

Water is vital to life, yet so many do not have access to this important resource because they are homeless. That’s why Rose Financial Services (RFS) not only provided a ton of food for the homeless in 2017, but also two tons of bottled water.

Issue 35 – Positioning Your Company for Industry Leadership

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 29 Jan 2018 18:27:00 GMT

Benchmarking: Your GPS to Business Success

Often, small- to mid-size companies base their business’ success on revenue. After all, if your revenue is growing, you will continue to succeed, correct? Not always.

RFSClarity: Developed for CEOs and CFOs That Are On the Go

r ead more

Get to Know Our New Partners

Bringing Hope, Nourishment, and Hydration to the Homeless

Rose Financial Services Announces Two New Partners

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 24 Jan 2018 11:31:00 GMT

Kenneth A. Tarr is a CPA with over 20 years of experience in providing accounting, auditing and consulting services to government contractors. He has expertise in FAR regulations, indirect cost rate design and accounting leadership. As Partner, Kenneth leads RFS’ outsourced financial and accounting services for small to mid-sized business government contracting and commercial companies and ensures each client’s accounting and financial needs, including monthly financial reporting and guidance, are meeting RFS’ standard of excellence.

Kenneth graduated from the University of Maryland-Robert H. Smith Business School with a B.S. in Accounting. He is a member of the American Institute of CPAs and the Maryland Association of CPAs, where he serves as Chairman of the Government Contractors Committee.

Kimberly A. Kuchman has more than 20 years of years of experience in operational improvement, financial services and consulting and a track record of leading cross-functional initiatives that resulted in significant value-add. She has expertise in analyzing workflow challenges, developing and simplifying procedures and finding innovative solutions to logistics issues. As Partner, Transaction Division, Kimberly leads RFS’ accounting transaction teams within its shared service center in Rockville, MD and serves as the lead for new client onboarding.

Ms. Kuchman holds three degrees from American University’s Kogod School of Business including a B.S. in Business Administration specializing in International Economics/Economic Policy, an M.B.A. in Accounting and an M.S. in Taxation.

“Kenneth and Kimberly bring strong skillsets to our team of partners,” said Rose. “I look forward to working with them to continually enhance the services RFS provides.”

‘Tis the Season for Holiday Hope

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 13 Dec 2017 15:50:00 GMT

On Friday, December 8, the RFS staff and friends gathered to assembling 2,100 meals for those in need in their community. “While hunger knows no season, our team’s Meals for the Homeless effort helped make the holiday season a little brighter for those who otherwise would not have the resources for a nutritious meal,” said RFS CEO Ted Rose.

At RFS, we are passionate about giving back to our community through charitable activities. As part of our RFS Gives Back Foundation, twice a year our team volunteers with Meals for the Homeless to assemble meals and then donate them to Nourish Now, an organization that redistributes directly to families and over 60 Montgomery County, Maryland nonprofit organizations that provide food assistance to those in need.

Don’t Let Your Accounting System Give You Growing Pains

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 17 Nov 2017 16:11:00 GMT

As companies grow, so do the demands on the accounting department. From additional employee payrolls to process, to manually paying bills, to tracking down approvals, companies without a solid accounting system in place will feel growing pains.

Get to Know RFSBilling

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 17 Nov 2017 16:10:00 GMT

At Rose Financial Services (RFS), we believe your billing process should be accessible, secure and easy. That’s why we developed RFSBilling™, our innovative electronic workflow system that captures every step in the billing process electronically, including approvals.

Accounting Today Names Ted Rose a 2017 MP (Managing Partner) Elite

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 17 Nov 2017 16:07:00 GMT

Great Teams Aren’t Just Built, They’re Appreciated

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 17 Nov 2017 16:00:00 GMT

Great companies are made of great people. At Rose Financial Services (RFS), we recognize that our success is due to the hard work and dedication of our team. That’s why we devote an entire week to honoring our employees. While most companies celebrate Employee Appreciation Day in March, at RFS, we celebrate during October.

Issue 34 – Preparing Your Business for 2018

matt.scroggs@rivalmind.com (Matthew Scroggs) — Fri, 17 Nov 2017 15:58:00 GMT

Don't Let Your Accounting System Give You Growing Pains

Get to Know RFSBilling

Accounting Today Names Ted Rose a 2017 MP (Managing Partner) Elite

Rose Financial Services (RFS) is pleased to announce that CEO and Managing Partner, Ted Rose, has been selected by Accounting Today as a member of its 2017 class of the Managing Partner Elite.

Great Teams Aren't Just Built, They're Appreciated

Technology and Talent: The Accounting Force Multiplier

matt.scroggs@rivalmind.com (Matthew Scroggs) — Wed, 01 Nov 2017 21:46:00 GMT

This article was written by Ted Rose, president and CEO of Rose Financial Services, and featured in FEI Daily .

Staying ahead of accounting technology requires equipping forward-thinking professionals with the tools they need to deliver innovative solutions.

There is a paradigm shift in the accounting industry that is transforming the services clients expect and value: clients primarily value strategic guidance that helps them to improve their business decisions. Accounting is no longer just about compliance and record keeping—it is also about managing financial data proactively to deliver meaningful financial information that is timely and accurate. This shift is leaving many firms wondering whether to invest in technology or its people. While technology is better at managing data, accounting and finance professionals are better at delivering strategic advice. Senior-level financial executives and accounting firms need to invest in innovative solutions as well as a highly trained professional finance and accounting staff.

Investing in Technology

Without a doubt, the introduction of cloud computing is having a transformational impact on the accounting industry. While the cloud allows accounting firms to collaborate with their clients through access to the same financial systems, technology that streamlines data processes is where the transformation is taking place.

Automated workflow technology is structuring finance, accounting and its related meta data—all while eliminating tedious processes, improving efficiency, limiting risks and reducing human error. Structured accounting and finance data is an evolutionary process: when structured data accumulate into financial information, it becomes exponential and creates new and novel information that assists companies in making better business decisions. With electronic workflow processes that are configured to maintain best practices, not only can data be viewed and accessed from anywhere, tasks can also be performed from anywhere with reduced effort.

Without an electronic workflow system in place, teams are left using accounting software in a piecemeal fashion, juggling a wide range of tasks and relying on paper or email trails to support the process. Accounting technology is shifting towards automating and standardizing processes—and if firms do not adjust, there will be a steep learning curve that will leave them behind.

Technology and Talent: The Force Multiplier

The accounting industry was once fearful that technology would replace people. However, technology presents a real opportunity for accounting and finance professionals to improve their skills and add value to their clients. By standardizing and automating processes, technology empowers accounting and finance professionals to spend less time working on mundane processes and more time providing financial management services that utilize higher-level skills—including professional judgement and strategic guidance. And, that’s where talent steps in.

Since there is more demand than supply of accounting professionals—especially those with technology skills, talent acquisition is becoming a key focus of many firms. Today’s organizations need to invest in professionals that not only have a wide range of skills, including an aptitude for financial analysis and knowledge of accounting procedures, current tax laws and government regulations, but also those who are willing to stay ahead of accounting technology trends. In order to recruit and retain top talent, firms need to provide a challenging work environment with the opportunity for continuous learning and career growth.

Technology is constantly evolving and demands continual improvement. Staying ahead of accounting technology requires equipping forward-thinking professionals with the tools they need to deliver innovative solutions. That’s why accounting and finance firms at the forefront of a changing industry know that investing in technology and talent go hand in hand.

To read the original article, click here .

Accounting Today Names Ted Rose a 2017 MP (Managing Partner) Elite

matt.scroggs@rivalmind.com (Matthew Scroggs) — Tue, 10 Oct 2017 18:31:00 GMT

Featured in Accounting Today’s October issue, the Managing Partner Elite program lists the nation’s top accounting firm leaders and highlights the qualities and characteristics that make them stand out among their peers. According to Accounting Today, “Candidates are judged on a wide range of criteria, including: quantitative data on revenue and staff growth; the growth and expansion strategies they have implemented; their leadership in building talented, dedicated staffs; innovation in service lines, practice management and client service; and adoption and promotion of cutting-edge technology.”

As a pioneer in the finance and accounting industry, Rose embraces a philosophy of continuous process improvement and incorporating technological advancements with RFS’ finance and accounting services to provide its clients with seamless workflow solutions.

Recognizing Rose’s commitment to innovation, Accounting Today says, “For the most part, great leaders don’t need to be deeply engaged with technology; they just need to appreciate its value. But there is a small subset of firms whose success is predicated on deploying and even developing the right tools, and Ted Rose’s is one of those. A long-time pioneer of accounting outsourcing, Rose has led his firm in continuous innovation and improvement, including building an entire suite of custom software that aims to give his clients powerful tools for automating finance and accounting functions with digital workflows, and even developing a mobile app to give them near-real-time access to critical financial information.”

“I’m honored to accept the recognition by Accounting Today as one of the 10 members of the 2017 MP Elite on behalf of the truly talented and dedicated staff of RFS,” said Rose. “The dedication of our team of finance, accounting, tax, and technology professionals to building the future is unmatched in the industry. I am honored to lead this team and look forward to continuing to find new and exciting ways to integrate suitable technological advancements into cost-effective and scalable solutions for RFS clients.”

Click here to read Accounting Today’s October issue featuring Ted Rose as an MP Elite.

About Ted Rose
Ted Rose is the president and CEO of Rose Financial Services (RFS). Prior to founding RFS, he was the Corporate Controller of a publicly traded biotech firm and served on the senior staff at PricewaterhouseCoopers. Mr. Rose graduated from the University of Maryland with a B.S. in Accounting and a MBA in Finance and International Business.

He serves on the Workforce Development Board executive committee for Montgomery County as the Treasurer and is the past president of the Entrepreneurs Organization DC Chapter and current Finance Chair. He serves on the Accounting and Information Assurance Board for the Robert H. Smith School and was appointed to the Dingman Center for Entrepreneurship’s Board of Advisors. In addition, he is a member of the Association for Corporate Growth, Entrepreneurs’ Organization, AICPA, MACPA, the Tech Council of Maryland.

Are You Ready for Next Year’s Proposal Season?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Aug 2017 17:49:00 GMT

As summer winds down, the government proposal season heats up. With next year’s proposal season just around the corner, government contractors not only have to balance the hectic business of the final selling period of the year, but prepare for the year ahead, too.

Issue 33 – Are You Ready for the Busy Season Ahead?

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Aug 2017 17:33:00 GMT

Are You Ready for Next Year's Proposal Season?

r ead more

Nonprofits: Gear Up Now for the Busy Season Ahead

Let Time Be on Your Side

Meetings. Strategic business plans. The everyday tasks of running a company. Sometimes it seems like there aren’t enough hours in the day. That’s why planning is undoubtedly the most important part of time management.

Providing Meals to Those in Need

What do 3,936 slices of ham + 2,040 slices of cheese + 196 loaves of bread + 4,000 water bottles + 5,940 accompaniments + dozens of Rose Financial Services’ employees and friends equal? The answer is 1,950—1,950 meals for the homeless, that is.

Nonprofits: Gear Up Now for the Busy Season Ahead

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Aug 2017 17:30:00 GMT

No matter who you are, you can’t deny you smile a bit more during the holiday season. Those weeks in between a Thanksgiving turkey dinner and a holiday ham have people cheering from the break they just had, and looking forward to the break that is soon to come. As many nonprofit professionals know, this is typically the time that donors are feeling the most benevolent—not to mention evaluating their charitable giving for the year and looking at tax implications.

Let Time Be on Your Side

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Aug 2017 17:20:00 GMT

Providing Meals to Those in Need

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 28 Aug 2017 17:10:00 GMT

RFS: Where Accounting Professionals Go to Learn, Innovate and Grow

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 01 May 2017 18:44:00 GMT

You’re determined to learn and work with smart, talented and hardworking accounting, finance, tax and technology experts. You’re a curious professional, interested in improving the financial performance of companies. You work to increase the amount of time spent on financial management by improving accounting processes through reengineering with cutting edge technologies.

RFS Cost Proposal Models: Saving Government Contractors Time, Money and Providing Peace of Mind

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 01 May 2017 18:43:00 GMT

Is your business looking to propose on this year’s largest service procurements and IDIQs, such as GTACS II, SIA III or LOGCAP V, as a prime contractor or as a subcontractor? Rose Financial Services (RFS) has a new solution to help the complicated cost and pricing process become easier than it’s ever been before.

Stay Connected with RFSClarity

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 01 May 2017 18:37:00 GMT

Staying connected to financial and accounting information has never been easier than with RFSClarity. Available in both Apple and Android stores, the innovative new app is designed to be a helpful tool when it comes to processing financial transactions, while giving users access to critical financial information.

RFS: Granting Clients Efficient Financial Project Tracking and Management

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 01 May 2017 18:34:00 GMT

As most nonprofit professionals know, organizations often rely heavily on grants from the government, foundations and corporations to support their missions. This means successful companies must implement complex tracking systems—and this stands true for project tracking when it comes to federal and non-federal projects, too.

Issue 32 – Winning Cost Proposal Models

matt.scroggs@rivalmind.com (Matthew Scroggs) — Mon, 01 May 2017 18:32:00 GMT

RFS: Where Accounting Professionals Go to Learn, Innovate,

and Grow

RFS Cost Proposal Models: Saving Government Contractors Time, Money, and Providing Peace of Mind

Is your business looking to propose on this year’s largest service procurements and IDIQs, such as GTACS II, SIA III or LOGCAP V, as a prime contractor or as a subcontractor?

Rose Financial Solutions

ROSE Report – Data Driven and AI Enablement Strategies for 2024

Issue 72 - Data Driven and AI Enablement Strategies for 2024

Empowering Business Expansion Through Data Driven Decision Making

Optimizing Data for Effective AI Integration

Empowering Business Expansion Through Data Driven Decision Making

Optimizing Data for Effective AI Integration

Issue 71 – Strategies for Growth in 2024

Issue 71 - Strategies for Growth in 2024

Strategic Planning: Nurturing Growth and Adaptability for the Year Ahead

2023 Tax Planning Strategies for Business Growth and Efficiency

ROSE Report - Strategic Planning: Nurturing Growth and Adaptability for the Year Ahead

Setting Clear Objectives for Expansion

Reflecting on Past Performance to Inform Future Strategies

Engaging Stakeholders for Unified Growth

Employing Big Picture Thinking to Expand Operations

ROSE Report – 2023 Tax Planning Strategies for Business Growth and Efficiency

Electric Vehicle Tax Credits

Employing Children in the Business

Section 179 Deduction and Bonus Depreciation

Resource Spotlight: Rose Financial Solutions' 2023 Year End Tax Planning Webinar

Navigating the Complexities of Multistate Tax Compliance

Income Apportionment

State-Specific Tax Credits and Incentives

Compliance and Filing

Streamlining Credit Card Expense Management with Easby

The Importance of Streamlining Your Credit Card Expense Management

Easby’s Strategic Advantage

1. Efficiency through AI Based Predictive Coding

2. Daily Syncing and Updates

3. Keep Your Workflow in Motion with Easby

Issue 70 – Enhancing Financial Efficiency

Issue 70 - Enhancing Financial Efficiency

Navigating the Complexities of Multistate Tax Compliance

Streamlining Credit Card Expense Management with Easby

Issue 69 – Unlocking the Future of FaaS

Issue 68 – Growing Your Business with FaaS

Save the Date! 2024 Easby FaaS Conference

ROSE + Easby: AI-Enabled Outsourcing is the Future of FaaS

Unleashing Your Financial Potential: The Advantages of Finance as a Service

Transforming AP Processes for Enhanced Efficiency and Accuracy

Issue 67 – Success through Process Transformation

Rose Financial Solutions’ Launch of Its Next-generation Platform, Easby® Featured on Yahoo News and CityBiz

Creating a Mindful Hybrid Workplace That Works

Issue 66 – Strategies for Success in Today’s Business Environment

Rose Financial Solutions redefines Finance as a Service and launches its next-generation platform, Easby® ﻿

Navigating Grants Accounting and Compliance

Creating a Mindful Hybrid Workplace That Works

Navigating Grants Accounting and Compliance

Rose Financial Solutions redefines Finance as a Service and launches its next-generation platform, Easby®

Future-Proofing Your Finance and Accounting Functions

5 Tips for Successful Virtual Meetings

Issue 65 – Future-Proof Your Business

Future-Proofing Your Finance and Accounting Functions

5 Tips for Successful Virtual Meetings

Build Your Business with Confidence

Keep Your Financial Information Secure: The Stats, Facts, and Data

Issue 64 – Grow Your Business with Confidence

Build Your Business with Confidence

Keep Your Financial Information Secure: The Stats, Facts, and Data

Numbers Count in Small Business Success

Issue 63 – Take Your Business to the Next Level

Numbers Count in Small Business Success

Building Better Banking Relationships

Building Better Banking Relationships

What is Quiet Hiring and How is it Shaping Today’s Workforce?

Issue 62 – Overcome Today’s Business Challenges

What is Quiet Hiring and How is it Shaping Today's Workforce?

GovCons: Which Accounting Software is Right for You?

GovCons: Which Accounting Software Is Right for You?

Tips to Successfully Execute Your Strategic Plan

Easby® Makes it Easy

Issue 61 – Utilizing Technology to Simplify Operations

Tips to Successfully Execute Your Strategic Plan

Easby® Makes it Easy

It’s Not Too Late to Mitigate Your 2022 Tax Bill

Issue 60 – Year-End Tax Planning

It's Not Too Late to Mitigate Your 2022 Tax Bill

Employee Retention Tax Credit, What You Need to Know

Employee Retention Tax Credit, What You Need to Know

Rose Financial Solutions redefines Finance as a Service and launches its next-generation platform, Easby®