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Top Three Manufacturing Trends for 2024

Earlier this year, BDO released our 2024 Manufacturing CFO Outlook Survey, which identified key manufacturing trends for the year ahead. To benchmark how these trends are evolving, we polled over 100 manufacturing professionals during our webinar, “Reshaping Manufacturing Resilience: The Evolving Role of CFOs in a Changing Landscape,” on April 9.   Results from the webinar […]

Intuit’s Shift Away from QuickBooks Desktop: What It Means for Your Business

In late 2023, Intuit announced that it would no longer sell new subscriptions of certain QuickBooks Desktop products. This announcement marked a significant shift for the accounting industry, as well as business owners, since Desktop products have been a staple for many over the past few decades.   The Details:  Intuit will discontinue selling new subscriptions […]

Audit Firm Business Models – What Audit Committees May Want to Know

Audit Firm Business Models – What Audit Committees May Want to Know As the audit profession continues to evolve to satisfy changing business needs while prioritizing high quality audits for the investment community, firms are taking different approaches toward a sustainable future. These may range from maintaining traditional partner-owned entities that oversee cross-disciplinary functions in […]

April 26, 2021/Business Planning, COVID-19

Is Your PPP Loan Forgiveness Deadline Fast Approaching?

If you have received a Paycheck Protection Program (PPP) Loan and have not yet submitted your application for forgiveness, your deadline may soon be approaching. The deadline to submit a PPP Forgiveness Application with your lender is 10 months after the last day of the borrowers covered period

March 12, 2021/COVID-19, Business Planning, Tax

American Rescue Plan Act of 2021 Becomes Law

President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) into law on March 11, 2021. Key provisions of this act allow for additional stimulus funds and is the 6th bill enacted by the federal government that focuses on COVID relief. Relief from this bill impacts both businesses and individuals and provides […]

COVID’s Impact on EBITDA

When buying or selling a company (now or in the future), it is important to recognize the impact that COVID has had on businesses. For most, COVID has had both positive and negative impacts on financial results. It’s time to familiarize yourself with the term EBITDAC (Earnings Before Interest Taxes Depreciation Amortization and COVID). 

January 13, 2021/COVID-19, Business Planning, Tax

Employee Retention Credit Improvements

The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee Retention Credit (ERC). Learn more about how these updates may impact your business.

January 5, 2021/Business Planning, Tax

January 2021 Payroll Tax and Compensation Reminders

As we ring in the new year, we would like to remind you that this year many not be the same as 2020 when it comes to payroll taxes and compensation and benefit matters. This alert highlights various areas of change and what employers should be focusing on as they review year-end payroll.

June 18, 2020/COVID-19, Business Planning, Tax

New PPP Loan Forgiveness Application Released

A new application and instructions to apply for tax-free forgiveness of the new small business loans is now available. Released June 17, the Form 3508EZ and instructions allow eligible borrowers that meet certain criteria to take advantage of a simplified forgiveness application process, which eliminates the complicated forgiveness calculations previously required.

June 4, 2020/COVID-19, Business Planning, Tax

PPP Forgiveness Changes Signed into Law

On June 4, 2020, the Paycheck Protection Program Flexibility Act that adjusts several PPP loan forgiveness provisions was signed into law. These changes clarified several questions that remained and could make loan forgiveness more attainable for certain business owners. 

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