EVOLVING TAX REFORMS AND ITS IMPACT ON U.S. RETAILERS

December, 2017 -The retail industry in the U.S. is undergoing disruption which is bringing about a change in how retailers operate. Things are transforming faster than ever when it comes to shopping on-line, the use of mobile purchasing, new forms of payments, and the degree to which consumers are expecting convenience while shopping. According to a survey by PwC, over 32% of consumers buy products at least monthly via their smartphones. Consequently, without an iota of doubt, the retail industry ecosystem is being forced to evolve with the dynamic needs of the customers. Continue reading EVOLVING TAX REFORMS AND ITS IMPACT ON U.S. RETAILERS

Challenging Road Ahead for the Hospitality Industry: Critical factors shaping the future of the industry

December, 2017 - The world of hospitality and travel has entered a new era of transformation. A combination of forces, including shifts in the global economy, game-changing innovation, geo-political turmoil, natural disasters, pandemics, and rising consumer demands have been reshaping the marketplace for years. Concurrently, the industry is anticipating a RevPAR growth of 2%, the lowest increase since the beginning of the economic recovery. Continue reading Challenging Road Ahead for the Hospitality Industry: Critical factors shaping the future of the industry

AUTOMOTIVE STORES ACCOUNTING: CRITICAL SUCCESS FACTORS FOR ENHANCING BUSINESS PROFITABILITY IN 2017 AND BEYOND!

Companies in the automotive parts & accessories stores industry operate physical retail establishments that sell automobile parts, supplies, batteries, and lubricants. The US automobile parts retail industry includes about 37,000 establishments (single-location companies and units of multi-location companies) and is the world’s second largest consumer of auto parts according to Global Insight. The industry is concentrated with the 50 largest companies generating about 60% of industry revenue. The industry is expected to grow at a compound annual growth rate of 3.4% through 2017, to an estimated $273.4 billion, according to the Automotive Aftermarket Suppliers Association. While market potential and opportunities remain vast, the industry will be faced with significant challenges and bottlenecks that need to be mitigated in the most cost effective and efficient manner. Continue reading AUTOMOTIVE STORES ACCOUNTING: CRITICAL SUCCESS FACTORS FOR ENHANCING BUSINESS PROFITABILITY IN 2017 AND BEYOND!

Why Private Equity Firms are reaching out to specialized Finance and Accounting Service Providers?

Private Equity firms consider return on their investment as a key determinant while evaluating buying decisions. There are several criterions that go into short listing target companies including favorable market trends, stable and recurring cash flows, low capital expenditure requirements and a strong management team. Interestingly, while all these factors will help to consummate a strategic buyout across the drawing board, however they do not guarantee returns post the acquisition. Continue reading Why Private Equity Firms are reaching out to specialized Finance and Accounting Service Providers?

Surviving and Thriving: Key Challenges facing SMBs in the Technology Industry

August, 2017 - The United States has the most advanced technology services industry in the world. According to Financial Times, Silicon Valley groups occupy the top five spots among the world’s most valuable companies. The industry accounts for 7.1% of U.S. GDP and 11.6% of U.S. private sector employment. There are approximately 388,000 software and IT services companies in the United States, of which more than 99% are small, medium and micro sized firms. These firms operate in a mature, stable market which has a reputation for producing reliable and effective solutions that accelerate rapidly to the marketplace. Continue reading Surviving and Thriving: Key Challenges facing SMBs in the Technology Industry