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.
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.
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.
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.
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
A successful business exit plan achieves three important owner goals: achieving financial security, identifying the right successor and minimizing income tax.
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).
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.
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.
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.
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.
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