Research and Development Tax Credit Expansion Act
On July 22, 2019, a bill (the Research and Development Tax Credit Expansion Act) was introduced that would be effective for taxable years beginning after December 31, 2019 to expand refundability and increase simplification of the research credit for certain small businesses. The Research and Experimentation (R&E) tax credit promotes
How Manufacturers Use Benefits to Spark Improvement
Barnes Dennig, North Side Bank, and USI Insurance recently revealed the results of their 2019 Manufacturing Compensation & Benefits Benchmarking Study that surveyed regional manufacturing companies in Ohio, Kentucky, and Indiana. Of the 97 companies that participated, 48 companies had over 100 employees (large companies) and 49 companies had under
How Manufacturers Can Benefit from the Fed’s Rate Cuts
Recent Interest Rate Cuts After much speculation, the Federal Reserve reduced the interest rate on July 31, 2019. This was the first cut in over a decade. The quarter-point reduction to 2% came as an effort to primarily do three things: Increase inflation to the preferred rate of 2% per
How is Artificial Intelligence Changing the Supply Chain?
In the last few years, artificial intelligence (AI) has played an important role in reshaping supply chain norms and standards. Soon, businesses will be required to implement machine learning technologies if they want to remain competitive. At the turn of the century, when machine learning first entered the business world,
SOC Reports and PCI: Better Together
Benefits of Adding a SOC report to your annual PCI audit (or vice versa): For companies undergoing the PCI DSS reporting process (Payment Card Industry Data Security Standards), it can make a lot of sense to add a SOC (Service and Organization Controls) report from the
The SECURE Act of 2019 Could Change the way you Look at Estate Planning
The SECURE Act (Setting Every Community Up for Retirement Enhancement) of 2019 is poised to make big changes to estate planning. Money put into a retirement account with pre-tax dollars is not taxed until it is withdrawn from the account, the SECURE Act will reduce the time an inherited retirement