It has become increasingly difficult for companies to fulfill their job openings. Let’s dive into what companies can do to help alleviate this pain point: a flexible staffing strategy. A comprehensive, flexible staffing strategy allows your business to assess your needs continuously and hire for the positions that are needed. King Consulting Group (KCG) can help your organization to fulfill those positions as needed.

Auditors need to dive deep into the business's operations, and as a result, it may often feel like you are receiving a long list of demands in the dreaded client assistance list. As a recovering Audit Director myself, I have seen the gamut of how companies prepare for their audits. Now that I am on the other side helping companies prepare for their annual audits, I wanted to put together some of the top tips and tricks for making it as painless as possible for you and your accounting team.

You may have heard the term SPAC (Special Purpose Acquisition Companies) in the media lately. SPACs essentially serve as a temporary pool to identify a merger target and facilitate access to public markets. SPACs have been around for years, but in the past were often seen as a last resort for private companies, with no other options to go public. With the rising popularity, that is no longer the case. In 2020, there were 247 SPACs completed compared to only 2 in 2010.

At KCG, we have vast experience with our team members going through hundreds of monthly and annual close processes over the years, and we know it can be a busy time, especially if you have to contend with an annual audit as well. Here are some of our best practices that will help you think through your close process:

We frequently find businesses deploying resources on a large scale without any clear notion of their strategy. An effective strategy will yield growth, profit, or whatever other objectives the managers have established. Not establishing your corporate strategy, your business will fail to deliver benefits and could result in a disaster on many different levels. Any effective corporate strategy involves aligning your company’s vision with its short and long-term objectives.

For a growth-focused business, management often stretches themselves and employees to cover various tasks, fill several roles, and create the foundation for your corporate vision. But the looming, ever-present question is always, “What can we afford?” The answer often doesn’t include adding more employees.