The optimistic outlook for manufacturing companies in Kentucky, Ohio, Indiana and across the United States has reached a record high. It appears that many of the changes ushered in through tax reform combined with pro-growth policies enacted by the current administration are allowing manufacturing companies to seize new opportunities in
Historical Acquisition Funding For decades, a common funding method for private company acquisitions has been term loans obtained from commercial banks, a form of “senior” financing. This financing is generally supported (collateralized) by a pledge of all business assets of the company. These loans carry a stipulated interest rate, and
At the AICPA’s National Employee Benefit Plan Conference in early May, Michael Auerbach, Acting Chief Accountant within the Employee Benefits Security Administration of the Department of Labor (DOL), presented the department’s findings that audit quality remains poor within the Employee Benefit Plan (EBP) area. The department noted an audit deficiency
“Helping clients navigate through the tax code is a challenge I enjoy. The complexity and ever-changing nature of the tax code can cause frustration for clients trying to earnestly comply. It’s great to be able to clarify the issues and recommend a course of action for clients – ultimately offering
During uncertain times, when fear can lead to generalizations and assumptions can be made based on a single data point of a given trend, facts can be a steadying influence. In the face of pervasive beliefs to the contrary, local banks are indeed still lending money for working capital lines
Perform at Your Best Whether it’s the Cincinnati Ballet, The Dayton Broadway series, or your local neighborhood community theatre, performance is the heart and soul of any cultural arts organization. But your dancers, musicians, and actors can’t perform at their best if your organization isn’t performing at its best. Barnes
With the deadline for implementing the new lease accounting standard approaching, many companies are assessing different methods to remain in compliance. For many organizations, implementing the new standard can be very risky and complex if trying to simply use a spreadsheet or other manual methods. In addition to exposing yourself
Give Generously and Confidently You’re not the only one thinking about the financial health of your foundation – your investments play a critical role in society. Your gifts provide food, clothing, and shelter. They fuel after-school programs, theater productions, museum exhibitions, and hospital expansions. If your finances aren’t in tip-top
Keeping Your Organization as Healthy as Your Patients You may be more passionate about helping those in need than about the bottom line. But not-for-profit healthcare organizations are complex, and the financial operations are critical to maintaining your good work – it takes significant time, funding, and manpower to fulfill
PPP Loan forgiveness guidance promised before May 14, 2020 IRS FAQ #79 clarifies the US Treasury May 6, 2020 FAQ, providing that employers that decide to repay their PPP loan by the May 14, 2020 deadline may claim the employee retention credit after repaying the PPP loan. Employee Retention Credit
Employees with Student loan debt are provided a new boon through a 401(k) Student loan benefit program with new private letter ruling under certain circumstances. The IRS made public PLR 201833012, released on August 17, 2018, which clarifies circumstances for a 401(k) plan to offer a student loan benefit program.
Kentucky Corporate Income Tax – KY Business Investment Program Any business entity engaged in manufacturing, agribusiness, nonretail service or regional/national headquarters is eligible for the program. Kentucky counties are designated “enhanced incentive” eligible by meeting at least one of the three following criteria: counties with an average annual unemployment rate