HKMP, LLP

accounting

Advantages of outsourced accounting over hiring in-house employees

Advantages of Outsourced Accounting You Can’t Ignore

Outsourcing certain business functions to third-party service providers is not a new concept. Businesses have been outsourcing functions like payroll, IT and human resources for years.   However, many companies haven’t given much thought to outsourcing their accounting and finance functions. Doing so can result in a host of benefits — including freeing up your team to spend …

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The important factors of supply chain management

Three Ways to Improve Supply Chain Management

Businesses can reap big rewards by making a commitment to improve supply chain management. Unfortunately, many businesses fail to devote adequate resources to this endeavor, thus missing out on potential benefits. Improving supply chain management starts with developing a supply chain management strategy. While this effort may be time-consuming, not creating a supply chain strategy could …

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Succession Planning Strategies: 5 Questions to Ask Before Selling Your Business

1. What Are Your Post-Business Ownership Plans? How much thought have you given to what you’re going to do after you sell your business? Maybe you plan to retire and take it easy for a while. If so, you should work closely with a professional wealth advisor to develop a detailed retirement financial plan to …

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How to Foster Company Culture in “the New Normal” We Live in Now

Over the past year, the COVID-19 pandemic has redefined “normal” in almost every aspect of our lives, including our work lives. Many employees have been forced out of the traditional office environment they’ve worked in their entire lives and had to adapt to a new work-from-home model. This brings new challenges in terms of keeping …

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