HORNE, the 35th largest accounting and professional services firm in the U.S., announced six new partners for this year. The new partners are: Christy Street (Hattiesburg), Clint King (Ridgeland), Lacy Lyons (Austin), Lauren Hanat (Gulfport), Melissa Poole (Nashville) and Mary Kathryn Allen (Ridgeland). These partners serve clients in our Government Services, Healthcare, Financial Institutions, Public and Middle Market and Franchise practices.
For many community financial institutions, the long-delayed rollout of CECL is almost here. But even if you’ve barely begun your implementation journey, you still have time to see it through. Read on for expert, actionable advice on where to focus your efforts, starting today.
As we gear up for another tax planning season, the following are a few insights on some frequently unknown or misunderstood tax topics:
Entrepreneurs and business owners spend years building their business — and often years before that dreaming of and planning for it. Every owner knows the journey it took, from the highs of launching the business or securing the first customer to the lows of meeting an early payroll liability or facing the uncertainties of the recent pandemic.
Engineering News-Record ranked HORNE as one of the top 50 professional services firms in the country in two areas of program management.
Amie Whittington Dean, Senior Manager in HORNE Healthcare’s Tax practice, created this helpful video explaining who qualifies for Employee Retention Credits and how to go about accessing them.
In the current economic environment, monitoring and managing state and local tax obligations can be a real challenge. Yet for organizations working to protect their revenue and future, it is critical to stay on top of state and local filing requirements.
Across every industry, businesses face complex market trends, economic and governance pressures, and competitive demands. All of those factors have an impact on your liquidity and business growth.
Proper oversight of your business tax situation impacts your ability to mitigate risk, improve the bottom line, manage transactions and pursue opportunity.
Tax rules get more complex every year. Identifying and seizing economic opportunities gets more difficult. Every decision you make impacts your tax situation. HORNE knows the vital impact that proactive tax planning has on your ability to sustain or scale your business, and on your peace of mind.
In the changing economy, risk permeates every part of your operations. Monitoring every potential source of risk, from internal components like technology to the impact of evolving industry regulations can be time consuming and create uncertainties.
M&A can be a realistic approach for growth-oriented companies and investors seeking to accomplish strategic goals, such as consolidating or expanding a geographic footprint, honing product or service offerings, and freeing up resources.
Finance teams in fast-growing public companies are typically focused on revenue growth, cost control and share price appreciation. Your business is constantly meeting new challenges, and the stakes have never been higher. Yet they also have to manage complex and time-consuming SEC and financial reporting requirements.
If you simply are not emotionally ready to sell, if there is still fire in your belly — enough fire to fuel your continued investment in the company — or if you ultimately want to leave the business to family members or employees, then you may not be in a position to sell your business — yet.
With over half of today’s 9.5 million owners of established businesses reaching the retirement age of 50 years old or older it is likely that many of you will be ready to leave your business within the next decade or so.1
According to Paul Simon, there are 50 ways to leave a lover. Not being as creative as Mr. Simon, we’ve only come up with eight ways for owners to leave their companies:
A successful business Exit Plan achieves three important owner goals:
Financial Security. (The business sale or transfer provides the amount of income the owner, and owner’s family, needs after the owner’s exit.)
The Right Person. The owner chooses his or her successor (children, key employees, co-owners or a third party).
Income Tax Minimization maximizes the amount of cash in the departing owner’s pocket.
On Friday, November 20, the U.S. Department of Health and Human Services (HHS) published the long-awaited final rules revising regulations related to the Physician Self-Referral Law (known commonly as the Stark Law), the Anti-Kickback Statute (AKS), and the Civil Monetary Penalty Law (CMP).
HORNE can help you bridge the gap between treating your patients and running a practice. We give you access to the clinical and financial data to make quick and informed decisions.
While the COVID-19 situation has been a disruptor to many industries, restaurants have the ability to weather this pandemic by adopting a few best practices.
A vendor master database is common to most companies but is often overlooked and can become rampant with fraud. In part one of this series, we reviewed steps for decreasing the size of the vendor population. With a slimmer vendor master, we are ready to take your review to the next level.
Feeling out of control is not a feeling we like to experience. Reminders, sticky notes and to-do lists are a testament of us striving for control.
On June 11, 2021, the U.S. Department of Labor (DOL) issued a new agenda – one key topic included the fairness of tipped worker pay. While the agenda is specifically related to tipped worker pay on federal contracts, this could be an indicator of wider scale changes for all employees.
Payroll is undoubtedly complex and an administrative burden. The risk of ‘getting it wrong’ comes with a high price. Employers can face fines and penalties from the IRS, state governing bodies and the Department of Labor (DOL), to name a few. Furthermore, payroll mistakes can lead to costly missed opportunities. With that in mind, we would like to highlight a few of the most common [and costly] payroll mistakes you could be making with your in-house payroll.
Not sure how to calculate lost revenue for your facility? Join Greg Anderson and Laura Gillenwater in this helpful video for hospitals and health systems.
What actions are most important for hospital administrators to take around Stark and Anti-kickback legislation? Find out in this conversation with HORNE and Friday Firm.
With 1,000+ team members, we serve clients in 48 states and 2 U.S. territories. We focus on construction, cybersecurity, economic recovery, financial institutions, franchise, healthcare, M&A and public & middle market companies.
Not only do our CPAs provide traditional tax and audit services, but HORNE didn’t stop there. We added even more talent & diverse skills to solve our clients’ biggest issues.
Having your “I”s dotted and “T”s crossed is important. But you need more than just compliance. Most business decisions have operational, tax, personal or long-term financial repercussions.
Under the Coronavirus Aid, Relief and Economic Security (CARES) Act, changes were made to legislation surrounding bonus depreciation on Qualified Improvement Property (QIP), originally established by the 2017 Tax Cuts and Jobs Act (TCJA). This is great news all around but especially for the restaurant industry.
Part of the life cycle of a business is a change in ownership, when an owner or founder sells his or her business.
Over the past year, business owners have been confronted with key decision points related to uncertainty about the COVID-19 pandemic and how to be competitive in the new economic environment. Prices are increasing, consumer spending is up, and customer behaviors have shifted more dramatically in the past year than in recent history.