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Nov 3, 2017 9:00:00 AM

House Tax Reform Details Unveiled

The House Ways and Means Committee just released the details of their tax reform bill and will start hearings next week. The Senate Finance Committee will roll out their companion legislation in the next couple weeks.

Many of the provisions are similar to those of the joint framework released in late September. However, now we have more specifics, albeit with many gaps still remaining.

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Topics: Tax, Tax Reform

Oct 12, 2017 10:30:00 AM

How Ikea Thought Outside the Box

If you’ve never shopped at Ikea yourself, chances are that you know someone who has. And you’ve likely heard a horror story about attempting to assemble one of the furniture giant’s shipped-flat products. (If you still don’t know what I’m talking about, search the Internet for “Ikea assembly horror stories” and you’ll quickly get up to speed on the tragi-comic experiences that so many customers have shared.) Ikea has heard plenty of these stories, too, and a recent strategic move by the company shows that they have listened and adapted.

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Topics: Innovation, Anticipatory

Sep 28, 2017 10:00:00 AM

Tax Reform Starts to Take Shape

After fits and starts over the last nine months, a broad tax reform plan is now beginning to emerge between Congress and the White House.

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Topics: Tax Reform

Sep 21, 2017 1:00:00 PM

Weighing the Risks and Benefits of ESOP

True to its name, an employee stock ownership plan (ESOP) is a type of employee benefit plan, similar in some ways to a profit-sharing setup. The National Center for Employee Ownership (NCEO) estimates that approximately 14 million workers currently participate in an ESOP, making it the most common form of employee ownership in the U.S.

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Topics: ESOP

Aug 31, 2017 11:00:00 AM

Tax Reform in 2017 Is Not out of the Question, but the Window for Passage Is Closing

As the kids are heading back to school, our thoughts turn to year-end tax planning with clients. This year, the process is a little less settled than usual because there’s still a slight chance we might see some significant changes in the Tax Code before the end of 2017, but the outlook for those changes is decidedly unclear.

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Topics: Tax Planning, Tax Reform

Aug 17, 2017 10:00:00 AM

Cyber SOC:  What Middle Market Board Members Should Know

The AICPA has issued a much-anticipated standard on cyber security. The new guidance, referred to as the “Cyber SOC,” creates a process that CPA’s can use to review and report on a company’s cyber security. In the past, organizations relied on various consultants, internal resources, and sometimes just plain luck, to identify and mitigate cyber risks. The Cyber SOC fundamentally changes how cyber threats are evaluated and managed. It allows for an independent, objective look at an organization’s processes, policies and controls around cyber risks. 

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Topics: Data Breach, Cyber Security

Aug 3, 2017 1:00:00 PM

Balancing Growth and Profitability

Planned growth starts with forming a vision and identifying the steps necessary to achieve it. But the business environment will undoubtedly change as time passes and you implement your plan. Growth plans have to be balanced against the need to maintain profitability as well as the certainty of the unexpected emergency. Once you have a solid vision for your business, you need to get key decision makers on board with managing short-term budget effects in order to realize the long-term value of solid growth. It almost sounds easy when we say it in a blog like this, but it can be the hardest part of getting a business to break through to the next level.

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Topics: Growth

Jul 27, 2017 10:30:00 AM

Dreaming Bigger: Maintaining the Pace of Growth Beyond Startup

Few things can match the excitement of the first day of business. For many people, it’s the realization of a career-long dream to be their own boss. Even for the serial entrepreneur who has been through the process multiple times, there’s still an adrenaline rush when the website goes live and/or the doors unlock and all of the planning and preparation comes together.

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Topics: Strategy, Growth

Jul 21, 2017 9:00:00 AM

Fresh Funding Ideas to Fuel New Growth

Just about every business that creates a business plan will project some growth. While it’s important to set an intention around growth at the start of the year, it takes more than just a number in a forecast to successfully grow throughout the year. In many cases, it will take new money to make new money. Does your business plan account for the funding necessary to support your growth projections?

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Topics: Strategy, Growth

Jul 13, 2017 11:30:00 AM

A Checklist to Prepare for Growth By Merger or Acquisition

Many of us rely on lists and step-by-step instructions to get us through some of the simplest tasks in life, like grocery shopping. And yet, when it comes to something as complex as the sale or acquisition of a business, many entrepreneurs and executives are willing to “wander the aisles” aimlessly trying to figure a transaction out instead of doing the basic planning that they use to make a trip to the supermarket successful. If your business plan calls for a merger or acquisition, here’s a suggested checklist to keep your transaction on track.

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Topics: Merger & Acquisition

Jun 22, 2017 10:30:00 AM

4 Key Strategies for Fueling Growth in 2017 and Beyond

I don’t know if it hit everybody this way, but when I flipped my calendar over to June and realized that the next time I turned a page half of 2017 would be gone, I was a little shocked. We’re heading into a key time of the calendar year, when executives look at the 6-month numbers and start to get a clearer picture about the forecast for the end of the year. It’s time to ask some important questions about your first-half results and your second-half projections:

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Topics: Growth

Jun 8, 2017 11:00:00 AM

6 Myths About the R&D Credit That Cost Businesses at Tax Time

The Research & Development (R&D) Credit may be one of the most misunderstood and underused incentives in the federal tax code. There are a lot of myths about the credit that cause businesses to think that it doesn’t apply to them or that, if it does apply, the value is so limited that it doesn’t deliver a significant benefit. Here’s a look at a few of the misconceptions that have cost businesses millions in missed tax credits over the years.

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Topics: Tax Credits, R&D

Jun 1, 2017 10:00:00 AM

Should the Annual Budget Cycle Go Away?

Raise your hand if you’re looking forward to your annual budget process this year. Obviously, I can’t see who has their hand up and who doesn’t. But I’m willing to bet that very few, if any, of you read that first line and thought, “Oh yeah, I can’t wait!” The yearly process of asking for the moon and getting back a lump of green cheese eats up a significant amount of a business’ productive time and can often have a negative impact on morale in many departments. Nevertheless, it’s unreasonable to think that any business can function effectively without an accurate forecast of the revenue and expenses expected in the months and years ahead. Many companies have turned to a more flexible and less onerous approach, the rolling forecast.

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Topics: Budgets, Annual Budget Cycle

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