We are experienced tax advisors who seek opportunities to help you minimize tax through careful planning and attention to detail. We use our “Big Four” experience to bring high quality service with a small firm fee structure. At NDH, you work mainly with partners who have experience providing expert advice on a wide range of tax issues.
NDH’s tax partners have extensive experience providing high-quality tax services to closely held businesses and their owners. We are intimately familiar with the complex issues you face. We can help minimize your taxes, navigate the complex tax rules and avoid common pitfalls.
The complex tax code makes it increasingly difficult for most people to efficiently prepare their returns to take advantage of available credits and deductions. With NDH, you will minimize your time investment and maximize your tax savings opportunities.
We have extensive experience preparing estate, gift and trust income tax returns. We review your sophisticated multi-generational plans and complex entity structures to advise on your income tax reporting requirements.
NDH provides outsource tax solutions to family offices. Our large firm experience and small firm fee structure permit us to efficiently provide tax services to the demanding family office market.
Stock options and related deferred compensation arrangements represent a large source of wealth for many individuals. We help you navigate the many tax pitfalls to maximize post-exercise value, minimize tax exposure and manage cash flow.
Six System Objectives for Meeting the New Rev Rec Standards
Dear Colleague,
For the full year ended December 31, 2019, the new standards for revenue recognition will become audit guidance for non-public companies (public companies have reported under these standards since 2018). This global standard –Revenue from Contracts with Customers— jointly authored by the Financial Accounting Standards Board (FASB), and counterpart, International Accounting Standards Board (IASB), creates a framework for revenue recognition consistent with performance and entitlement.
While changes to the timing and amount of revenue businesses recognize will vary depending on the type of contracts they execute, the need to reconfigure accounting/ ERP systems will be broad-based. As a primer to meeting the new rev rec standards, and managing a contract portfolio, we have considered six objectives for your ERP. We look forward to discussing these objectives with you, and helping you to consider your preparedness for ASC 606.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Contract Manager – Meeting the New Contract-Based Rev Rec Standards
Dear Colleague,
To meet the new contract-based rev rec standards you look for ways to modify your existing ERP. This may involve repurposing your system, leaving you with a “Frankenstein” solution.
Alternatively, Contracts by Sage Intacct is architected to meet the new standards, and manage your dynamic contract portfolio. All within a single system, without unsustainable workarounds.
Or, schedule a demo walkthrough by contacting one of our solution specialists.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
New Revenue Recognition Standards ASC 606
Dear Colleague,
As CFO’s prepare to address the new Standard for revenue recognition as required by ASC 606, “Revenue from Contracts with Customers,” they will need to adopt new tactics for managing revenue, and systems to support the Standard. Not only are the narratives of “when? and “how much?” revenue to recognize changed, but broader changes in the economy including subscriptions, pricing models, and disclosures driving changes in how CFO’s maintain their financial systems to support operations and reporting.
We have summarized the core principal, and information relevant to the upcoming changes to both the FASB and IASB treatment of revenue recognition for your review. We look forward to discussing these changes with you, and helping you to consider your preparedness for ASC 606.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Developer – Extending and Customizing Intacct
Dear Colleague:
In managing ERP integrations, CIOs must consider the base ERP platform, Web Services gateway, and integrated application. These form a tripod supporting the workflow.
Intacct Web Services simplifies this workflow giving CIOs powerful XML-based request and response between Intacct ERP, and the integrated application.
NDH allows CIOs achieve optimal performance and return from ERP integration and workflow.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Project Manager – Managing Projects Using Intacct ERP
Dear Colleague:
Project managers take charge of their teams by answering three questions. Or, how do I control my projects? Evaluate my results? Deploy my resources?
Intacct Project Accounting supports effective project management as a fully integrated ERP offering from Sage Intacct. Thus, supporting the integration of activities, and the alignment of overall corporate purposes.
NDH supports PMs success to ensure project success, and company performance.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Entity Manager – Managing Multi-Entity Companies Using Intacct ERP
Dear Colleague,
Our work with the financial managers of multi-entity organizations –those with multiple legal, geographic, and/or business units— led us to consider their most pressing operating needs. Manager’s report they need to accelerate performance evaluation, while maintaining controls for Inter— and Intracompany transactions.
To address these needs their ERP system must have specific capabilities for managing access, processing, and reporting. Please find attached a review of Sage Intacct for meeting these requirements, and Gartner’s assessment for the same.
Available for your consultation, and one-on-one review with our team.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Inventory Manager – Managing Inventory Using Intacct ERP
Dear Colleague,
We’ve sized-up a group of companies managing inventory, including:
• Sellers of finished goods inventory, with need for quick inventory turns.
• Multi-warehouse distributors, who need visibility into location/entity stock.
• On-line retailers, requiring high throughput for large scale processing.
• Service organizations stocking parts to fulfill installation, or maintenance.
With the right ERP, these companies realize improved margins and reduce fulfillment time.
We welcome the opportunity to review 10 immediate benefits in adopting Intacct for your inventory management needs.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Mission Manager – Managing NFP’s and Associations Using Intacct ERP
Dear Colleague,
To meet the mission of your not-for-profit or association, you look for new ways to improve operations. You’ve told us your systems aren’t getting you there, putting your mission at risk.
Referenced here is an introduction to Sage Intacct for NFPs and associations, and how 1,000’s of organizations are improving operations and insight.
To meet your mission, schedule a demo walkthrough with one of our solution specialists, or contact us with additional questions.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
