The SECURE 2.0 Act, enacted in December 2022, and ongoing provisions of the CARES Act continue to bring sweeping changes to retirement plan administration. With several impactful updates taking effect in 2024 and 2025, plan sponsors and administrators must proactively review, update, and communicate plan changes to remain compliant and
There’s no end to the talent crunch in sight, and more and more organizations are exploring innovative ways to meet business needs. One gaining traction fast is the fractional CFO/fractional Controller model. Why? First, the fractional model allows businesses and non-profits to acquire the same advice and direction they’d receive
The manufacturing industry is undergoing a technological revolution thanks to the transformative potential of AI, with the potential to have an even greater impact than robotics. And while there are opportunities for manufacturers of all sizes, the greatest opportunities are for smaller companies. AI is already reshaping every facet of
Strategic financial leadership is essential for the long-term success of any company that seeks to thrive in a progressively competitive business environment. Many small to mid-sized companies and organizations are turning to fractional accounting and advisory services to meet this need – increasingly to fulfill the critical role of CFO.
The Historic Tax Credit (HTC) has long been a cornerstone of American preservation and revitalization efforts. Introduced in 1976, the HTC has facilitated the rehabilitation of over 49,000 historic properties, spurring economic development and preserving cultural heritage nationwide. However, over the past decade, HTC’s effectiveness has been diminished due to
Data centers are at the heart of today’s digital economy, powering everything from cloud-based solutions to AI applications. As reliance on these facilities grows, so does the demand for transparency, security, and reliability. One of the most effective ways for data centers to demonstrate their commitment to operational excellence is
The utilization of forfeitures in retirement plans has become a focal point in the ERISA litigation landscape. Forfeitures typically occur when an employee terminates their employment before their employer contribution becomes fully vested, resulting in the unvested portion reverting to the plan’s forfeiture account. Recently, lawsuits alleged that employers are
What’s going to separate wholesale distribution leaders from the rest of the pack in 2023, and what trends are expected to have the biggest impact on the industry? Indian River Consulting Group Managing Partner and Co-Founder Mike Marks shared his insights in an exclusive event hosted by Modern Distribution Management,
This season is a great time to reflect on another year gone by and look ahead with hopefulness at what’s to come in 2024 – and nothing captures this sentiment better than taking a glimpse at the construction market. Looking at the industry forecast by the Engineering News-Record with help
A crucial decision in the landmark case of United States v. Hughes has broad implications for foreign bank account holders. The Ninth U.S. Circuit Court of Appeals has determined that recklessness is included in the definition of willfulness for civil penalties concerning Foreign Bank Account Records (FBAR) reporting violations. If
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
There’s a significant – and alarming – shift in how Americans view their retirement savings: the $12.2 trillion currently invested in these plans is increasingly viewed as accessible emergency funding instead of money strictly earmarked for retirement. Record-breaking withdrawals The numbers tell a stark story. Last year, a record 4.8%