Important news and updates
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Happy New Year to our clients and friends of CDH.
 
First of all, I am happy to announce that our new Chicago office is almost complete. In the picture below, you can see that the world map is being drawn on the wall of our new office.
Second of all, I would like to announce our new Voice Card system. Beginning this month, we will be inserting a prepaid postcard (pictured below) with our invoices. On the Voice Card, you can write your comments about our service. Simply mail it in without a stamp, as it is prepaid. We want to hear your feedback and ascertain your satisfaction of our Five Star Service.
 
Please feel free to discard the Voice Card if you do not have any comments (feedback is voluntary).  The Voice Card is an effort to keep our communication channel open to ensure that we hear your voice.  
 
Finally, I would like to introduce our employees who just celebrated their 5 year anniversary with CDH. We recently recognized their services at our holiday party.
Thank you as always. Let’s have a great 2017! We want to be of your assistsance.
 
Koh Fujimoto

Managing Principal

Service Spotlight

IRS Filing Deadline Changes

The Surface Transportation Act of 2015, a.k.a. “The Highway Act”, revises tax return deadlines effective for tax years 2016 and after.  If you file a partnership or C-corporation tax return, or file foreign information reporting (FBAR), you may need to adjust your business’s schedule to meet the revised filing deadlines that take effect this year (read more)

Executive Focus

Gross Profit Percentage

An eroding gross profit percentage is a dangerous position for a company to find itself in and is a leading indicator of future business failure.  Some causes of reduced profitability include:
  • declining labor productivity
  • increasing labor costs
  • poor material usage (scrap and rework)
  • inability to pass material price increases on to customers
  • rising fixed and variable overhead costs
  • your product is considered to be a commodity and only price matters
  • how your product and service stacks up against the competition

If a company’s gross profit margin is deteriorating some form of drill down analysis is necessary to determine the cause in order to fix the problem.

With CDH’s Executive Focus, we can help you analyze the causes for the declining gross profits with objective third party viewpoint. If you are concerned about your gross profits, please feel free to contact us.

 

Living Our Values

During the holiday season, CDH participated in the WINGS Holiday Gift Drive.  WINGS provides housing, integrated services, education, and advocacy to end domestic violence.
CDH donated items such as vacuum, coffee maker, bookcase, organizer, baby toys, highchair, and diapers (pictured above).
Please click here for more information on WINGS and how you can help out!
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www.cdhcpa.com - 100 E. Pierce Road, Itasca, IL, 60143, USA
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