CMMC Compliance: Everything You Need to Know Now
Please note: CPE was only available for the live version of this event. CPE is not available for webinars on demand. In this webinar, the experts at Clark Schaefer Consulting (a Registered Practitioner Organization), will share their expertise and cover the things you need to know now to avoid costly issues in the future. Hear […]
Three Important Financial Reporting Questions to ask with M&A Transactions
The accounting rules for mergers and acquisitions (M&As) can be complicated, depending on how a deal is structured. Here are three important questions you should ask when recording these transactions under U.S. Generally Accepted Accounting Principles (GAAP). 1. Are you purchasing assets or a business? The definition of a “business” was revised under Accounting Standards […]
Review Your Security Status With Our CMMC Readiness Checklist
The Cybersecurity Maturity Model Certification (CMMC) has emerged as a critical framework for organizations operating within the defense industrial base (DIB). Developed by the U.S. Department of Defense (DoD), the CMMC provides a standardized set of cybersecurity requirements that contractors must meet to protect sensitive information and ensure the integrity of the defense supply chain. […]
2022 Schedule K-2 and K-3 Filing Requirements for Partners and Shareholders of Pass-Through Entities
Effective for tax year 2021, the IRS introduced K-2 and K-3 Schedules as part of Form 1065 (U.S. Return of Partnership Income) and Form 1120S (U.S. Income Tax Return for an S Corporation) to make federal income tax liability more transparent for partners who share ownership in certain pass-through entities. Prior to the release of […]
Cost Segregation Case Study: Purchase and renovate a property, gain financial benefits
Download our cost segregation case study to see how a manufacturing company that purchased and renovated a property was able to benefit from conducting a cost segregation study. And if you haven’t already, check out our infographic and FAQs to see how cost segregation can increase your manufacturing and distribution company’s cash flow and reduce […]
Cost Segregation: Frequently Asked Questions
If your company is planning to build, purchase or renovate a building, or has done so in the past several years, a cost segregation study is a powerful tool that may help boost your cash flow and decrease your tax liability. These Frequently Asked Questions (FAQ) were designed to help you determine whether a cost […]
Cost Segregation Infographic: Tax Advantages of Your Property
If your company is planning to build, purchase or renovate a building, or has done so in the past several years, a cost segregation study is a powerful tool that may help boost your cash flow, reduce your tax burden and save your company significant money. Check out this infographic below to learn if you […]
How automation is helping companies big and small
Automation is often thought of in terms of robotics and assembly lines. That’s certainly accurate, but anywhere a business is using humans for repetitive tasks such as data entry and information processing, there is an opportunity for automation. On the shop floor, automation can be used for sorting, counting, packaging and manufacturing tems. This is […]
6 Benefits of Outsourcing Your Accounting & Finance Function
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IRS announces adjustments to key retirement plan limits
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective deferrals. The annual limit on elective deferrals (employee contributions) will increase from $19,500 to $20,500 for 401(k), 403(b) and 457 plans, as well as for Salary Reduction Simplified Employee Pensions (SARSEPs). […]