Make the most of the Employee Retention Credit
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the Covid-19 pandemic, has been with us for a year. But questions about it remain for many employers. With the new American Rescue Plan Act (ARPA) extending the credit and expanding eligibility — and the credit worth as […]
Think inventory costs aren’t important? Your competitors disagree.
Manufacturers, distributors, retailers and supply chain management professionals are doing everything they can to lower inventory costs in order to stay ahead of the competition. If you’re struggling to trim inventory spending, take advantage of these five strategies to reduce costs. 1. Smartly manage inventory levels The level of inventory you keep on hand directly […]
Tax deadline extended tax to May
The IRS has announced that the federal income tax deadline for individuals to file for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. The IRS extended the deadline to provide relief to taxpayers facing challenges as a result of the pandemic and because it’s grappling with a rising […]
American Rescue Plan Act provides sweeping relief
The American Rescue Plan Act (ARPA) was signed into law by President Biden on March 11, 2021. The $1.9 trillion law is intended to provide far-reaching relief from the economic and other repercussions of the ongoing COVID-19 pandemic. In addition to funding for testing, contact tracing, vaccinations, education, and state and local governments, the ARPA […]
Create a strategic road map – forecasted financials can set the stage
The ability to go above and beyond when serving customers is key to any business’s success. But are you putting the same level of care and attention to the needs of you business? One key way to do this – especially as we start a new year – is by developing a full set of […]
The American Rescue Plan Act has passed: What’s in it for you?
Congress passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year, and on March 11, President Biden signed the 628-page American Rescue Plan Act (ARPA), which includes $1.9 trillion in funding for individuals, businesses, and state and local governments. The ARPA […]
Recent changes may impact retirement savings laws
If you’re approaching retirement, you’ve got to be aware of any changes to retirement savings laws. After all, you probably want to ensure the money you’ve saved in retirement plans lasts as long as possible. If so, be aware that a law was recently enacted that makes significant changes to retirement accounts. The SECURE Act, […]
Home office deductions: Could you qualify?
During the Covid-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim home office deductions for expenses against your business income. There are two methods for claiming this tax break: the actual expenses method and the […]
What scares me the most: cybersecurity concerns from the IT Director
As technology becomes more sophisticated, so do cyber criminals. Even the most well-prepared and protected organization will experience a cyberattack at some point. While there are many things that a company can do to prevent or thwart such an attack, there are certain points of entry that are more vulnerable than others. Keeping up with […]
6 Reasons to Outsource Data Analytics
Many businesses want to “get into data,” but they aren’t sure where or how to start. The right data analytics outsourcing partner can handle the set up for you, helping to accelerate your growth and give you more time for strategic planning. We believe every company can benefit and one way to do that is […]