Tip Pooling/Handling

Tip Pooling/Handling

Tips not connected to a delivery order are considered insider tips. Insider tips are increasing and provide franchisees with a new opportunity to reward inside employees when tips are pooled and allocated. However, this opportunity can create increased risks if handled improperly.

Strategic vs Financial Buyers

Strategic vs Financial Buyers

In Mergers & Acquisitions (M&A), the landscape changes, sometimes rapidly. The reasons can be that the market is “hot” or “cold,” depending upon the level of interest, or valuation multiples demonstrated by buyers.

Financial institutions face a busy compliance year

Financial institutions face a busy compliance year

Consumer protection is taking center stage in 2022, and financial institutions need to be prepared. The current mood in Washington is tipping toward a period of greater regulatory activism than seen in recent years, with the Biden administration, the Consumer Financial Protection Bureau (CFPB) and Congress all increasing their scrutiny of how banks and credit unions serve their customers.

Opportunity Zones: What Are They and How Do They Work?

Opportunity Zones: What Are They and How Do They Work?

One of the most intriguing and discussed elements of recent tax reform is the creation of Qualified Opportunity Zones, which are economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment. The tax benefits offered by investment in Qualified Opportunity Zones are meant to encourage economic development in these communities, which are officially designated at the state level.

Financial Institutions Town Hall

Financial Institutions Town Hall

Financial institutions play an important role in our nation’s COVID-19 response and recovery, but are facing some unique challenges as regulations continue to evolve. Our Financial Institutions team hosted a live town hall discussion where we shared the latest insights on:

The forgiveness calculation and required supporting documentation
SBA expectations for lenders
The potential for legislative changes

PPP Forgiveness Town Hall

PPP Forgiveness Town Hall

We hosted a live town hall discussion to help PPP loan recipients navigate the forgiveness application process, including:
The forgiveness application and timeline
The forgiveness calculation and required supporting documentation
The potential for legislative changes

A Contractor’s Guide to State Nexus

A Contractor’s Guide to State Nexus

Nexus is defined as a substantial connection to a state that allows the state to tax a taxpayer. Although this may seem pretty straightforward, things can get a little complicated for contractors working on out-of-state jobs. It’s important to determine if your construction company is responsible for state sales tax or income tax before bidding on an out-of-state job to ensure an accurate bottom line on the project and to also ensure compliance with state agencies.

The Power of a CFO and COO in One

The Power of a CFO and COO in One

As a dentist do you ever find yourself struggling with the business side of running your practice and/or multiple practice locations? Would you like to be able to visually see both your financial and clinical data in one place?

Decision Point – Episode One

Decision Point – Episode One

Episode 1 of Decision Point: America’s long-term care community wants to keep stimulus payments to stay afloat yet facility owners find themselves searching for reimbursable ways to spend. With so many strings attached, learn how you can spend the money and maintain compliance with federal rules and regulations.

Decision Point – Episode Four: The Scoop on Reimbursable Physical Therapy Programs for COVID Recovery Patients

Decision Point – Episode Four: The Scoop on Reimbursable Physical Therapy Programs for COVID Recovery Patients

Chris Hannibal, Doctorate of Physical Therapy for Progressive Health, explains how a physical therapy program is a win-win for patients and LTC facility owners. Patients are recovering with no rebounds and facilities can reimburse expenses associated with the program. In this episode, you will learn about a program that has identified symptoms physical therapy directors should look for to establish recovery goals and patient therapy schedules and how to get reimbursed for those allotted therapies.

Decision Point – Episode Five: Secure Your Network

Decision Point – Episode Five: Secure Your Network

Increased use of telemedicine puts many long-term care facilities at risk, and cyber-criminals are already targeting healthcare organizations which can adversely impact health information technology, medical communications, and patient and resident safety. Ryan Wallace from HORNE Cyber joins us on this episode to share 5 best practices to help keep your network secure.

Decision Point – Episode Seven: COVID-19 Vaccine: Myths vs Facts

Decision Point – Episode Seven: COVID-19 Vaccine: Myths vs Facts

Courtney Bishnoi, Vice President of Quality and Programs at the American Health Care Association and National Center of Assisted Living joins this episode to promote the adoption of safe and effective COVID-19 vaccines. AHCA/NCAL launched the #GetVaccinated campaign as a way to share strategies to improve staff vaccination rates, debunk myths, and share important facts about the vaccine. They have made available important resources you can access at getvaccinated.us.

Data Analytics in the Construction Industry

Data Analytics in the Construction Industry

With the endless expansion of technological advancements in the past couple of decades, companies are now able to collect enormous volumes of data from all areas of business. Data analytics is the solution to transform all the data into information that can be used to improve your company’s bottom line. Identifying your company’s key performance indicators (KPIs) is the most important part of using data analytics to help achieve your business’s goals. KPIs can have a variety of origins ranging from measuring financial ratios to customer relationships.

What’s the Fate of Your Estate?

What’s the Fate of Your Estate?

Most construction business owners will spend a lifetime making sure their businesses succeed. After all of your hard work, do you really want to leave the fate of your business in someone else’s hands? As it is likely your largest asset, you’ll want to ensure your business is protected through a detailed estate plan. This plan should focus on minimizing estate and gift taxes as well as protecting your wealth for your family.

Succession Planning = Peace of Mind

Succession Planning = Peace of Mind

Statistics indicate baby boomers account for more than 50% of the construction industry. That means half of owners, along with their skills and knowledge, are headed towards retirement. Even more alarming is only half of those owners have a succession plan. If your company faces a disruption or change in ownership it reduces its chance of survival to only a small percentage. Even owners who don’t have an immediate retirement on the horizon need to have a plan.

Will Your Business Survive Without You?

Will Your Business Survive Without You?

Less than a year. That’s how long it took a successful construction company to permanently close after the owner unexpectedly passed away. Before his death, the company was thriving. But without a business continuity plan in place, the business didn’t survive a year.

SBA 7(a) Paycheck Protection Program Forgiveness Assistance

SBA 7(a) Paycheck Protection Program Forgiveness Assistance

Many companies and individuals have applied for funds from the Small Business Administration (SBA) 7(a) Relief Loans Paycheck Protection Program (PPP). Our previous communication addresses the recent suspension of the PPP due to inadequate funding. For our clients that did not receive funds or approval prior to the suspension, we will continue to work on completing applications and submitting to lenders in anticipation of additional funds being made available under the PPP. 

Beware: Phishing Emails Target COVID-19 Small Business Loans

Beware: Phishing Emails Target COVID-19 Small Business Loans

It has come to our attention that a new email phishing or “spoofing” scheme is being sent to businesses seeking financial assistance due to COVID-19. The emails are an attempt to scam business owners that have applied, or are considering applying, for Paycheck Protection Program loans backed by the U.S. Small Business Administration. These emails may look legitimate and appear to come from your bank.

COVID-19: HR Guidance and Best Practices

COVID-19: HR Guidance and Best Practices

The COVID-19 pandemic has companies facing a new reality. From keeping your employees and public spaces safe to handling employees who may be sick or been exposed to the virus, there are many questions around how a business should manage these situations. In addition to employee and public safety, HR professionals are navigating the implications of the Families First Coronavirus Response Act as well as considering the impacts of reduced business hours or even a company shutdown.