Discover How to Sustain Business Growth with Board Advisory Services

A Guide to Prioritizing Board Advisory Services According to Harvard Business Review, between 70% and 90% of mergers and acquisitions fail. The merging of acquired companies requires strategic research and planning to avoid disastrous results. Mergers/ acquisitions is the process of essentially buying, selling, dividing, and combining of different companies. Assessment of a company’s current […]

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Important Factors for Hiring Quality Employee Benefit Plan Auditors

The AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) has published a plan advisory called “The Importance of Hiring a Quality Auditor to Perform Your Employee Benefit Plan Audit.” This advisory was created for plan administrators to have a guide to follow the important process of hiring an auditor with the correct experience to audit […]

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New Employee Retention Credit Guidance – PPP Forgiveness Gross Receipts, Owner Wages, Employee Counts, Amended Income Tax Returns and More

The IRS recently issued additional guidance on the Employee Retention Credit (“ERC”) primarily focused on the 3rd and 4th quarters of 2021 that were added with the American Rescue Plan back in March 2021.  The guidance touched on some unknowns that we’ve had questions about since the program was created and then opened to employers that received a Paycheck Protection […]

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SBA Streamlines Forgiveness for Smaller PPP Loans

The Small Business Administration (SBA) has released new guidance intended to expedite the forgiveness process for certain borrowers under the Paycheck Protection Program (PPP). The simplified process generally is available for loans of $150,000 or less, which the SBA reports account for 93% of outstanding PPP loans. The guidance comes at a time when many […]

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Important Factors for Hiring Quality Employee Benefit Plan Auditors

The AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) has published a plan advisory called “The Importance of Hiring a Quality Auditor to Perform Your Employee Benefit Plan Audit.” This advisory was created for plan administrators to have a guide to follow the important process of hiring an auditor with the correct experience to audit […]

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New Employee Retention Credit Guidance – PPP Forgiveness Gross Receipts, Owner Wages, Employee Counts, Amended Income Tax Returns and More

The IRS recently issued additional guidance on the Employee Retention Credit (“ERC”) primarily focused on the 3rd and 4th quarters of 2021 that were added with the American Rescue Plan back in March 2021.  The guidance touched on some unknowns that we’ve had questions about since the program was created and then opened to employers that received a Paycheck Protection […]

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Current Developments Relating to President Biden’s Infrastructure and Social Spending Proposals

Last May I posted a blog discussing the outlook for President Biden’s $2.3 trillion infrastructure plan.  Since then, there have been several significant developments:  a failed attempt at infrastructure negotiations with the GOP Senate caucus, a so-far-successful, infrastructure proposal advanced by a bi-partisan group of Senate Democrats and Republicans, and an apparent agreement among Senate Democrats for a $3.5 […]

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Funding Available for Operations and Supply Chain Management Education for Manufacturers

The Akron Chapter of the Association for Supply Chain Management (ASCM, formerly APICS) has received funding from the State of Ohio to deliver certification coursework to employees at Ohio-based manufacturing companies. The focus is for companies with 500 employees or fewer. All the company has to show is that they were negatively impacted by Covid. […]

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