The Bonadio Group’s Post

The success of merger and acquisition (M&A) transactions often hinges on one simple but sometimes overlooked factor: the state of a company’s business records. 🗄️ Maintaining meticulous business records is essential for facilitating due diligence, ensuring valuation accuracy, strengthening your negotiation position, and more. In this article, our Corporate Finance leader, Jeffrey G. Lewis, CPA, explains that investing in these records is not just a best practice, but a fundamental requirement for smooth and successful business transactions. Read more: https://ow.ly/8AA250TIkrW #Merger #Acquisition #BusinessRecords #BusinessTransaction

Each time our firm strategically grows through a merger or acquisition, our IT team takes on the significant task of integrating the new firm’s technology with our own. John Roman, CISSP, our Chief Information Officer, is an expert in leading our firm through this process, from data management to cybersecurity and governance. In this Accounting Today article, John provides his insights on seamlessly merging a new firm’s technology with our own and avoiding interruptions in client service. Read it here: https://ow.ly/zkz750TIkm3 #IT #Technology #DueDiligence #Merger #Acquisition #MandA #CompanyCulture

How do you know when it’s time to call a forensic accountant? We’re giving you all the answers in a new episode of our podcast, TBG Talks: Expert Insights for Your Business Success! 🎧 In this episode, our Partner, Karen Skuse, CPA, CFE, speaks with Valerie Bucella on the unique and invaluable work of forensic accountants. She shares how these professionals serve both individuals and businesses, uncovering where money has gone over time and preventing fraud. Follow this link to listen to Karen’s advice and stories about exposing fraud throughout her career: https://ow.ly/sZkU50TIkgw #ForensicAccounting #Fraud #FraudPrevention #FinancialExploitation #Podcast

The Office of the Medicaid Inspector General (OMIG) has increased its focus on capital audits across New York State nursing homes in an effort to ensure accurate Medicaid cost reporting. These audits can happen years after costs have been reported, so it’s crucial that nursing homes are diligent with their documentation practices and remain prepared for an audit. To mitigate the risks of being audited by OMIG, our Executive Vice President, Chelsea Murray, CHFP, recommends conducting regular internal audits, partnering with compliance experts, and maintaining detailed records. Learn how to implement these strategies here: https://ow.ly/Gcaz50TCjHp #OMIG #NewYorkState #NYS #NursingHomes #CapitalAudit #InternalAudit #RiskMitigation

It’s no secret that the nature of accounting work can lead to burnout among professionals. At TBG, we’re committed to facing this pattern head on, investing in the wellbeing of each of our People and providing benefits that combat stress, fatigue, and burnout year-round. In honor of World Mental Health Day and our efforts to be an exception to the industry standard, we’re sharing 8 of our tips for wellbeing in the workplace! 🧠💤💪 Check it out: https://ow.ly/Iwu850TCjB4 #WorldMentalHealthDay #MentalHealth #Wellness #CompanyCulture #EmployeeExperience #Accounting

Our Western New York region always know how to provide our People with the perfect pick-me-up! Recently, these offices enjoyed a Salty Snack Day, DIY Coffee Bar, and their first annual Bonadio Chili Cookoff! 🍿☕🌶️ Thank you to our Social Committee, a subdivision of our Firmwide Culture Committee, for planning these extra fun (and tasty!) events. #WesternNewYork #Buffalo #EastAurora #CompanyCulture #EmployeeExperience #TeamBonding