Category Archives: CPA & Business Advisory

Does Your Business Need a Compliance Management System?

Posted on Tuesday, March 28, 2017 by

In addition to regulatory requirements, dated IT architecture, increased cyber risks and growing business demands, compliance is front and center in both business advisory and control roles.

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4 Tips for Communicating a Lean Continuous Improvement Manufacturing Operation

Posted on Monday, March 20, 2017 by

When an organization decides to make a cultural shift in the way things are being done, that change will likely be met by some resistance. Here are four tips for converting doubters to enthusiastic supporters of lean continuous improvement.

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Reflections From the AICPA Real Estate and Construction Conference

Posted on Tuesday, March 14, 2017 by

Dennis Murphy of Skoda Minotti recounts highlights from the 2017 AICPA Real Estate and Construction Conference in Las Vegas.

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Valuable Benefits of Key-Person Insurance for Business Owners

Posted on Friday, March 10, 2017 by

While a business owner may be careful to make sure that he or she is adequately insured, the need to protect the business against the loss of a key employee is often ignored. Fortunately, there’s a relatively easy way to safeguard the business. Appropriately enough, it’s called “key-person” insurance.

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R&D Tax Credits: Qualifying Activities and Industries

Posted on Tuesday, March 7, 2017 by

Only one out of every 20 eligible businesses takes advantage of the R&D credit. That’s because many businesses don’t realize that their industry is ripe with eligible activities.

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How to Qualify for R&D Tax Credits: The Four-Part Test

Posted on Wednesday, March 1, 2017 by

A simple four-part test helps to determine qualified R&D activity. R&D tax credit eligibility largely depends on whether the work you are conducting meets the criteria established by the IRS.

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The Expansion of the R&D Tax Credit

Posted on Wednesday, February 22, 2017 by

The permanent extension of the R&D credit is a great wake-up call for those in industries ranging from manufacturing, construction and software development to aerospace, high-tech, biopharmaceuticals and others to sit up and take notice of their eligibility to apply for the tax credits.

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GAAP and Statutory Reporting Issues Faced by Captive Insurance Companies

Posted on Tuesday, February 21, 2017 by

Captive insurance companies are often owned by a large sophisticated financial entity, because there are minimum net worth and other regulatory requirements. This results in “GAAP exception” financial reporting but is perfectly acceptable to the regulator.

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Foreign Employees? What You Need to Know about Wage Reporting and Withholding Requirements

Posted on Monday, February 20, 2017 by

With nearly 17 percent of the U.S. workforce made up of non-U.S. citizens (i.e, aliens), it’s safe to say that many companies face the struggle of correctly reporting the wages paid to foreign employees.

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5 Tax Season Tips for Small Business Owners

Posted on Tuesday, February 14, 2017 by

With tax deadlines quickly approaching, here are 5 tips to help small businesses fully benefit from proactive tax planning.

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