Thought Leadership Articles
Our Thought Leadership articles offer you monthly insight on various industry topics, updates and trends.
How to Protect Your Company Against Ransomware
When a ransomware attack recently debilitated the largest gas pipeline in the US, it was impossible to ignore. Even small company owners sympathized with the decision faced by giant Colonial Pipeline—to pay or not to pay to unlock their…
New Rules, Greater Benefits:Revisiting the Employee Retention Credit
When the employee retention credit (ERC) was enacted in March 2020, companies that received a forgivable loan under the Paycheck Protection Program (PPP) were prohibited from claiming the credit.
New Benefit Plan Auditing Standards Effective Next Year
In 2017, the American Institute of CPAs (AICPA) issued an exposure draft of new standards designed to overhaul employee benefit plan audits.
Cost of Living Adjustments for 2021
The IRS has released the Cost of Living Adjustments for 2021. Some of the dollar limitations relating to qualified retirement plans have been increased, along with other retirement-related items. Important Changes for 2021:
Why and When to Outsource Accounting
As companies take a hard look at their expenses, one area to examine is the accounting function. Many companies benefit from outsourcing their accounting, which can be a cost-effective way to get required expertise and flexibility without…
Cost Segregation Studies: Opportunities for Contractors
Cost segregation studies, which identify certain building systems and components that qualify for accelerated depreciation, can offer important benefits to contractors who own their office, warehouse, or shop.
New Hardship Distribution Rules for Your Company Retirement Plan
Employees may be able to dip into their company retirement plan monies to a greater degree given a new law that was passed in 2018. One key provision was the modification to hardship distribution rules for plan years beginning in 2019. …
Qualified Business Income (QBI) Deduction Updates
The Qualified Business Income (QBI) deduction has been one of the most talked about aspects of the Tax Cuts and Jobs Act. Kristi Jeffres, Tax Senior Associate, discusses a few of the recent QBI deduction updates in our Tax Update video.