New Employee Evaluations: A Blueprint for Success
Does your business currently have a new employee evaluation process? Navigating the intricacies of new hire evaluations can be daunting, especially in the construction industry.
Accounting Today ranked HORNE in top 30 accounting firms in the U.S. in 2024
HORNE has been named one of the top 30 accounting firms in the U.S. by industry publication Accounting Today.
[WEBINAR] Managing Unemployment Hearings with Confidence
Are you prepared for an unemployment hearing? Navigating the intricacies of unemployment hearings can be daunting, especially in the construction industry.
[WEBINAR] Navigating People Challenges: The Handbook Advantage
In the ever-evolving world of construction, a meticulously crafted handbook is your North Star, providing essential guidance for both employers and construction crews amidst the intricacies of company policies, expectations, and values.
Overview of New SEC Private Fund Rules — and What They Mean To You
New SEC rules create substantial 2025 reporting hurdles for registered private fund advisors. On August 23, 2023, the SEC enacted a sweeping new set of rules applicable to private fund advisers designed to provide greater transparency and oversight.
6 Things To Look for in a Third Party Private Fund Auditor
There are many factors to consider before choosing an auditor; these 6 should be at the top of your list. The selection of a third-party auditor for your private equity, hedge or venture capital fund is a crucial step in ensuring compliance and transparency.
How To Prepare For Your First Private Fund Audit
For any private fund manager, there are certain milestones — among them, crossing the 9-figure mark as their assets grow to over $100 million. But, with this growth comes a new level of SEC regulation and oversight that they must adopt.
Leveraging Physician Compensation for Alignment and Profit Growth
Hospitals across the country are facing increasing labor costs, with physician compensation being a major contributor to the upward trend. According to the KaufmanHall Physician Flash Report, labor expense continued to outpace the increase in revenue for services provided in 2023.
America’s Rubik’s Cube of Health Insurance Coverage
As states have returned to normal Medicaid enrollment procedures in the past few months, imagine two headlines: “Medicaid Plummets!” “Marketplace Soars!” Which one is the most accurate summary? Both are, which underscores the importance of reading them together.
Is Outsourcing Right for You?
When it comes to expertise, sometimes it’s best not to build it yourself. As construction firms grow, their back office and C-suite needs evolve.
What to Look For in an Advisory Services Firm
Like all things in the construction business, choosing the right advisor begins with a plan. Whether your construction firm is trying to grow to the next level or simply seeking ways to boost performance, having an advisory firm in your corner can make a tremendous difference — provided you’ve chosen the right one.
HORNE’s Board of Directors announces new Director of People
HORNE’s Board of Directors announced Clay Kittrell as HORNE’s new Director of People, effective February 1, 2024.
Federal Legislation Tax Update for Early Filers
On January 31, the House overwhelmingly passed H.R 7024, known as the Tax Relief for American Families and Workers Act of 2024.
Human Resources Consultant, Joe Beall, joins HORNE
Joe Beall joined HORNE’s Construction team as a human resources consultant, effective January 1, 2024.
Where do you begin?
Planning for a successful future can seem overwhelming. Where do you start? How do you make time? Which questions should you ask? Today, we’ll present a process that can help you organize your thoughts and put you on a path toward a successful planning process.
Hiring a professional president
As a business owner, is it a good idea to hire a “professional president” to keep various managers focused? Today, we’ll present some potential benefits of a professional company president.
Don’t armchair quarterback your exit
“How hard can planning my exit really be? I already made it valuable, so all I need to do is find someone to buy it for what I want, right?” If you’ve ever watched a professional football game, you might be familiar with the armchair quarterback—someone who says, “How did he miss that throw? I could do that!”
Taking care of your business family
Many business owners eventually reach a crossroads where their families want them to slow down and take it easy, even if they aren’t ready to. This can be even more challenging if, as one business owner put it, you “feel more appreciated at the office than at the dinner table.”
Saying goodbye without leaving
For many business owners, the business is more than a means to make money—it’s a part of their identity and a link to the past. This can make the idea of leaving it, and committing to the planning required to leave it successfully, very challenging.
Reducing taxes via exit planning
Selling your business comes with major tax implications. You likely don’t want to pay any more than the minimum in taxes when you sell. With planning, it’s possible to reduce your tax burden and reap the most out of a business sale.
Taking fate into your own hands
Business owners are used to having control. But some things are uncontrollable, and without a plan, those uncontrollable things can create negative consequences that reverberate.
Can the next generation run your business?
Keeping the business in the family or among trusted employees is a point of pride for many business owners. And some heirs apparent truly can’t wait to run the business. Today, we’ll raise some important considerations if you intend to keep the business in the hands of insiders.
Preparing for a successful third-party sale
Many business owners choose to sell their businesses to third parties for several reasons. If you’re thinking about pursuing a third-party sale as your business exit strategy, consider these four steps to prepare yourself for a successful third-party sale.
Getting the value you deserve for your business
Business owners deserve to get full value for their businesses when they decide to retire. But who determines what “full value” is, and how do you create it? Let’s look at three strategies you can implement to pursue and build your business’ value.
Diversifying your business success
Running a successful business that generates wealth is incredibly satisfying. If there’s a downside to it, it’s that much of that wealth is generally illiquid, unless you sell the business or invest outside of your business.
Four good questions to ask yourself
A big part of being a successful business owner is your ability to ask questions. This innate curiosity allows your business to thrive, adjust, and evolve. It’s also a good way to begin planning for a successful future outside the business.
Addressing disagreements among co-owners
When you co-own a business, you likely don’t go into it thinking, “One day, we may loathe each other.” But over time, goals, ambitions, and the economy itself can change, creating strife among co-owners.
Business planning is relationship building
Planning for a successful future can seem like an event—a thing you do in the course of business. However, in many cases, this planning is much more like a relationship: with your loved ones who rely on you, with your employees, and with your advisors.
Controlling the uncontrollable parts of ownership
A common tragedy for business owners is facing a life-changing event, such as a sudden death or illness that devastates the business, without a plan. While these events may seem uncontrollable in the moment, the good news is that with foresight and planning, you can regain control over what seems uncontrollable.
How to be confident amid change
One of the biggest changes your business will inevitably experience is a transfer of responsibilities. Transferring important responsibilities to someone else can be exciting and nerve-wracking.
Dealing with outside expectations of your wealth
As a successful business owner, the people closest to you likely rely heavily on you. They may also have expectations regarding your wealth. Your plans for how you’ll disperse your wealth, and the expectations others may have, can have major effects on your future.
How to clarify your brilliant processes
Many successful business owners are successful because they think about things differently than most people. Others may recognize your personal brilliance and say to themselves, “I wish I could understand how she does it.”
Three comprehensive tax & economic resources for you
We enter 2024 in volatile times, with economic conditions defying many recession predictions (largely driven by end-of-year consumer spending), global conflicts, and a looming presidential election.
Why bad culture is scarier than a hard conversation
We work with enough leaders like you to know that hard conversations are scary in their own way. You probably wouldn’t use the word “scary,” but there are real fears that get in the way.
How to make hard conversations easier
How do you feel when you know you’ve got to have a hard conversation with someone?
This one mistake can cause most of your turnover
Have you ever felt unappreciated? What was the situation? How did that impact you? Whether you’re aware of it or not, appreciation is a deep human need.
How strategic planning can help you hire and keep good people
We hear it all the time: it’s hard to hire and keep people. There is obviously truth to this.
How the employee lifecycle can make or break your business
If you have any trouble finding, hiring, developing or keeping people—you should care about the Employee Lifecycle.
Six ways to improve how you communicate change
What does it mean, practically, to “get people on board” with change? It often boils down to communication. Specifically, effective change communication is: early and often, clear and compelling and other-centered.
How to get skeptics on board with change
Getting skeptics on board with change is very, very hard. Not impossible, but hard. If someone’s skeptical, it’s probably for one of two reasons.
Get input from your people before starting change
Change is easier when people are actually excited about it. So, to change well, find out what people actually want—what would make them most excited if they saw it—and then incorporate as much of that as you can.
How to Lead Confidently Through Change
Change is everywhere. It can hurt us or make us stronger. It can divide us or bring us together. We believe one key thing can make the difference: how leaders prepare for, communicate during, and persist through change.
HORNE’s Seasons of Giving Fourth Quarter Recipients Receive $100K
Three non-profits across the states of Texas, Alabama and Mississippi will receive a total of $100,000 to support their community efforts thanks to HORNE’s Seasons of Giving initiative, powered by the HORNE Community Foundation.
HORNE opens offices in Tallahassee and Miramar Beach, Florida
HORNE, a professional services firm, has opened two new offices in Tallahassee and Miramar Beach, Florida.
Chris Sarandos to serve as HORNE’s Chief Information Officer
Chris Sarandos has been named HORNE’s Chief Information Officer. With nearly 45 years in the technology industry, he defines and implements the firm’s IT strategies and capabilities with a key focus on digital innovation to support the rapid growth of business.
Mary Clay Morgan to serve as HORNE’s chief operating officer
Mary Clay Morgan has been named as HORNE’s Chief Operating Officer. As she takes on this new role, she will continue serving as the Firm’s General Counsel.
How To Prepare for a SOC 2 Audit
Preparing for a SOC 2 (System and Organization Controls 2) audit is essential to demonstrate your organization’s commitment to information security, privacy and compliance with industry standards.
RECAP: Wrapping Up the Year Workshop
HORNE’s Client Advisory Services team recently hosted their Wrapping Up the Year Workshop, a specialized session tailored for bookkeepers and controllers. This workshop served as a comprehensive guide to year-end best practices in bookkeeping and payroll along with other key construction tax updates.
HORNE Seasons of Giving: $100,000 Donated to Local Charities
Five non-profits across the states of Mississippi, Hawaii, Louisiana and Florida will receive support for their community efforts thanks to HORNE’s Seasons of Giving initiative, powered by the HORNE Community Foundation.
HORNE Board of Directors admits Joe Green as director of assurance
HORNE’s Board of Directors recently appointed Public and Middle Market Partner, Joe Green, to serve as the next firmwide director of assurance. As he takes on this new role, he will also continue serving as the firm’s SEC director.
6 Criteria for Choosing a State’s Managed Care Compliance Provider
When it comes to providing oversight of managed care expenditures and performance at the state level, your choice of an outside auditing firm is crucial. With numerous options available, identifying the right finalists can be a bit overwhelming. While firms may vary in size, capabilities and specific strengths, there are six key criteria you should consider when selecting a provider.
The Secret to Having Hard Conversations
Many leaders approach hard conversations the wrong way. The two most common mistakes we see are (1) allowing your emotions to set the tone and (2) making judgments about a person.
Want to keep employees? Have “stay conversations”
Recently we helped a family-owned general contractor re-engage two key employees. One was a supervisor whose future was in question as a large job was winding down. The other was a back office team member who’d become demotivated. Both were valuable to the business. The owners wanted to know: How can we help them stay?
IRS Places Moratorium on the Processing of New ERC Filings
If you’re looking to file an Employee Retention Credit claim with the IRS, please note that there is a hold on processing of all new ERC filings until at least January 1, 2024 – according to the IRS.
What do the latest Davis-Bacon Act revisions mean to you?
Passed in 1931, the Davis–Bacon Act established requirements for paying local prevailing wages on public works projects for laborers and mechanics. The goal was to keep wages for public works projects in line with private sector projects, and it impacts contractors and firms engaged in building, altering or repairing public buildings or public works.
HORNE Board of Directors admits Monique Mahan as a director
Monique Mahan was admitted as a tax director, joining HORNE’s Public and Middle Market group, effective August 31.
HORNE Board of Directors admits new director
Lori Crocker, who serves in HORNE’s Healthcare group, was recently promoted to director, effective September 1.
HORNE ranked in Top 100 by INSIDE Public Accounting
INSIDE Public Accounting has ranked HORNE number 25 on the Top 500 Firms list for 2023.
One question to immediately improve your hiring process
One of the simplest and most cost-effective ways to improve hiring is to ask better interview questions. But what is a “better” or “worse” question? Today we’ll explain the anatomy of a better interview question and give one example that applies to any position.
How to set and achieve better goals
Let’s focus on goal setting. Take a moment to think about your goals. How confident are you that you can achieve them? How clear are they?
Engineering News-Record Ranks HORNE as Top 50 in Program Management
Engineering News-Record has ranked HORNE as one of the Top 50 professional services firms in two areas of program management for 2023.
HORNE ranked in Top 50 construction accounting firms
Construction Executive has ranked HORNE in the Top 50 Construction Accounting Firms™. The industry publication ranked HORNE number 26 for the second year in a row on its annual list of the Top 50 Construction Accounting Firms for 2023.
FEMA Disaster Case Management and CDBG-DR Coordination for Success
As we enter the heart of hurricane season, it is critical that states that experience the impact of hurricanes prepare not only for response in the immediate aftermath of a disaster, but for long-term recovery as well.
How to hire and keep the right people
In this article, we’re focused on hiring. Almost all of our clients tell us it’s hard. Whether it’s unskilled labor, project managers, estimators, supervisors or executives—they’re all hard to find, and increasingly hard to keep.
Wes Winborne elected CICPAC Advisory Committee Chair
Wes Winborne, who serves as managing partner in HORNE’s Construction group, has been elected Chair of the advisory committee in the Construction Industry CPAs and Consultants (CICPAC) group for the 2023-2024 year.
Banking Regulators Reach Consensus on Third-Party Risk Guidance
On June 6, 2023, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve System (FRB) issued long-awaited Interagency Guidance on Third-Party Relationships Risk Management (Guidance)
HORNE Board of Directors Admits New Partner
Timothy Smith, who works in HORNE’s Public and Middle Market group, was admitted as a partner, effective July 1. Timothy specializes in serving state and local governments and shepherding them through grant implementation, management and compliance.
A Great Way to Pay for the Things People Love About the Outdoors
As a partner, Wes Winborne provides assurance services to the construction industry, but his areas of enthusiasm aren’t limited simply to business consultation.
Navigating the Future of Construction
The construction industry has faced its fair share of challenges in recent years. But now, with continued federal funding, the industry is expected to experience growth. This funding will give opportunities for contractors to bid on various projects and secure new business.
HORNE Earns C3PAO Designation
HORNE’s cyber team recently earned The Cyber AB Certified Third-Party Assessor Organization (C3PAO) designation which allows HORNE to perform specific cyber security assessments for Organizations Seeking Compliance (OSC) through contractual agreements.
HORNE Receives “Corporate Volunteering Champion” GiveAward
With more than 1400 volunteer hours served in Mississippi, HORNE was awarded the “Corporate Volunteering Champion” GiveAward from Volunteer Mississippi which is a non-profit organization that works to engage and support all Mississippians in service to their communities.
HORNE opens office in Metairie to benefit clients, team members
HORNE, a professional services firm, has opened an office in Metairie, Louisiana, to better serve clients in the area.
Five ways your Due Diligence provider can deliver value
In the course of an acquisition, “due diligence” is often regarded as a built-in part of the process – a formality to be checked off once it’s completed. However, acquisitions that conduct thorough and competent due diligence have a greater chance of success because decision-makers have the quality of information they need to make a decision.
HORNE Board of Directors admits new partner
Chandler Croom, who works in HORNE’s Franchise services group, was admitted as a partner, effective January 1.
Wes T. Winborne assumes managing partner role in HORNE Construction
Wes T. Winborne has assumed the role of managing partner for HORNE Construction, effective January 1, 2023.
HORNE’s Government Services division restores communities
Jonathan Krebs was a college student at the University of Southern Mississippi when Hurricane Katrina slammed into the Mississippi Gulf Coast on Aug. 29, 2005. He remembers well the effects the storm had on the school, its students and faculty. Now he serves as the managing partner for the Government Services division of HORNE and oversees multiple disaster projects that have helped people and communities recover.
Six ways your construction firm can build a higher selling price
For many owners of independent construction firms, selling their business is more than an exit strategy; it is the cornerstone of their retirement plan.
Anticipating and meeting the challenges to growth
What are the biggest challenges to growing your business? Is it talent attraction and retention, rapidly changing technology or delivering unique and meaningful customer experiences?
Six things you need to know about Google Analytics 4
Google Analytics 4 is the next generation of Google Analytics. This is not simply a new version; it’s a new way to track and present data. Google’s goal is to provide more predictive analytics and display those through better data visualization.
Tips to get the most out of Google’s Helpful Content Update
Change is coming faster than ever. Every week, I search for the meaning of some new acronym that impacts our business processes. As someone who oversees not only HORNE’s web properties, but also those of clients, I had to research these changes Google has made. Here are my key takeaways.
Bridging the Gap: Capturing knowledge before it walks out the door
By 2030, all baby boomers will be 65 or older. Not to mention that many Gen Xers — or those born between 1965 and 1980 — are now in their 50s. Combined with workforce changes brought about by the COVID-19 pandemic and the ongoing “Great Resignation,” the potential for knowledge loss is growing across all industries.
Healthcare leaders need to be ‘aggressively urgent’
The healthcare industry is in a state of emergency today. In an industry where change notoriously happens gradually at best, leaders should change to a posture of aggressive urgency if they want their facilities to survive. The negative after-effects of the COVID pandemic are felt by no industry greater than healthcare. The virus has left in its wake a system that is not only tired but wounded – physically and fiscally.
How companies combat software insecurities
In most companies, developers are focused on meeting project deadlines, and that often leads to applications that are insecurely coded. Custom development can multiply vulnerabilities. Some 48 percent of developers think they leave vulnerabilities in their code, according to the State of Developer-Driven Security Survey 2022 from Secure Code Warrior.
Web applications remain biggest threat to cybersecurity
One of the biggest threats facing organizations related to cybersecurity involves web application security. Organizations continue to use custom-developed and off-the-shelf web applications, and they present significant cyber risk because of the vulnerabilities that are typically in them.
Debt, regulations, inflation drive mergers and acquisitions
Events during the past few years have changed merger and acquisition deal volumes, a trend we expect to continue, including large numbers of transactions driven by the amount of debt and equity capital available. We see this in all deal sizes and across all industries.
Companies must adjust to handle growth and disruptions
In the past few years, many of HORNE’s clients saw tremendous growth, while others struggled to stay afloat. The good news is that both have opportunities for success now and in the future.
Franchise owners: Focus on strategy, service level, quality control
There are many opportunities for the franchise industry right now to win the sales game with the right strategies, service levels and quality control.
HORNE Makes Moves to Meet Client Needs in Changing Business Climate
In order to better serve clients in today’s challenging business environment, HORNE has named Bryan McDonald managing partner of the firm’s Healthcare division, and Kathy Watts as partner of accounting, advisory and tax services.
Fintech: Friend or Foe in Digital Transformation?
Digital transformation is a critical area of focus for financial institutions seeking to stay competitive by enhancing the customer experience and optimizing efficiencies in the back office.
Achieving digital transformation of the back office
Digital transformation is imperative for financial services organizations, not just because it’s the only clear route to addressing changing consumer expectations. It’s also because of the ability to create efficiencies in back-office operations that will enable a more agile, cost-effective and competitive enterprise.
Strategic Planning: Grow your company by planning ahead
If you don’t know your organization’s strategy, there’s a good chance company progress can be derailed. Change that equation with a dynamic and effective strategic plan.
Strategic Planning: Implementation and Accountability
Good preparation is crucial to good strategic planning – but you can’t finish without a robust strategic implementation program
HORNE donates $60,000 to charities in Mississippi
Two non-profits in Mississippi soon will receive support for their community efforts thanks to HORNE and the HORNE Community Foundation. HORNE team members voted for Friends of Children’s Hospital as the winner of $50,000, with Make-A-Wish® Mississippi coming in second with an award of $10,000.
Meeting your customers’ needs through digital transformation
The pandemic has played a big part in supercharging the digital transformation trend in financial services. In 2020, online banking usage increased by 23% and mobile banking use was up 30% over the previous year. This represents an acceleration of a long-term shift toward digital banking. According to a 2022 survey from Ipsos and Forbes, 78% of consumers prefer to bank digitally.
Auto dealers must comply with GLBA by December 9
Automobile dealers don’t just sell vehicles, they do credit checks and issue loans as well. Because of this, dealers store important customer data, such as addresses, social security numbers and other personal identifiable information.
HORNE donates $60,000 to charities in Louisiana and Arkansas
Two non-profits in New Orleans and Little Rock, Arkansas, soon will receive support for their community efforts thanks to HORNE and the HORNE Community Foundation.
MDOR issues guidance on income tax treatment of ERC
The Mississippi Department of Revenue communicated the following information regarding Employee Retention Credits to members of the Mississippi Society of CPAs:
HORNE donates $60,000 to charities in North and South Carolina
Two non-profits soon will receive support for their community efforts thanks to HORNE and the HORNE Community Foundation. HORNE team members voted for Ronald McDonald House Charities in Columbia, South Carolina, as the winner of $50,000 with Children’s Home Society of North Carolina coming in second with an award of $10,000.
HORNE donates $60,000 to charities in Puerto Rico
Two local non-profits soon will receive support for their community efforts thanks to HORNE and the HORNE Community Foundation. HORNE team members voted for The Hogar Albergue para Ninos Jesus de Nazaret, Inc. as the winner of $50,000, with The El Santuario de Animales San Francisco de Asís, Inc. coming in second with an award of $10,000.
You’re Hired! How to use your website to drive recruiting.
When you look at your company’s website, what do you think its purpose is? What do you think it should be? Company websites serve many functions, such as providing information for current and potential clients. But one of its primary purposes also should be to recruit new talent.
HORNE Construction Forum 2022
Join us at HORNE Construction Forum 2022, on November 16th, beginning with breakfast at 8:30 a.m. This forum will offer networking opportunities, educational insights, post-election discussions and tips to help you embrace change and think differently about the future of business.
HORNE donates $60,000 to charities in TN & AL
Two non-profits soon will receive support for their community efforts thanks to HORNE and the HORNE Community Foundation. HORNE team members recently voted for Youth Town in Pinson, Tennessee, as the winner of $50,000 with the Mobile SPCA in Mobile, Alabama, coming in second with an award of $10,000.
Inflation Reduction Act gives funds to IRS, taxes some corporations
The U.S. House of Representatives and the U.S. Senate each have passed the Inflation Reduction Act, a $430 billion package that includes several changes to tax laws. President Biden signed the bill into law on August 16
Construction Executive ranked HORNE in Top 50
Construction Executive has once again ranked HORNE as one of the top construction accounting firms in the country. The industry publication ranked HORNE number 26 on its annual list of the Top 50 Construction Accounting Firms for 2022. HORNE moved up two spots from 2021’s ranking of number 28.
HORNE ranked in Top 50 firms by ENR
RIDGELAND, Mississippi, July 19, 2022 – Engineering News-Record has ranked HORNE as one of the Top 50 professional services firms in two areas of program management for 2022. HORNE is ranked number 11 on the industry publication’s list of Top 50 Program Management Firms in the U.S. and number 18 in the Top 100 Construction Management-for-Fee Firms.
Franchise owners and employee benefits: Your best path forward
The term “employee compensation” is often limited to discussions on salary and possibly bonuses for tenure, performance or end-of-the-cash payouts. What is the best path forward for franchise owners and employee benefits?
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.
Cybersecurity challenges digital banking
The COVID-19 pandemic and changing consumer demographics have accelerated the need for financial institutions to expand their digital and mobile services offerings.
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.
COVID Compliance: Creating and Maintaining a Safe Workplace
The ongoing COVID-19 pandemic has changed many aspects of our lives during the past two years. While it has created a number of new challenges, it has been especially challenging for businesses looking to reopen and consistently maintain safe workplaces, as well as comply with varying guidelines.
Threading the Needle with Competitive Wage Compensation Plans
Franchise owners looking to build a competitive wage structure can take a page from the Goldilocks fable, where the goal is to not pay too much or too little. The objective is to find balance and build a wage scale that’s “just right.”
New to Food Delivery? 8 Things You Need to Know
COVID-19 is changing consumer habits. From retail to food service, many businesses are now offering delivery for the first time. While this can be great for business and a necessary means to survival, there are some critical components you need to consider before you begin.
Are You Leaving Money On The Table? Claiming Mississippi Tax Incentives
Mississippi offers manufacturers many tax incentives that enable companies to prosper and grow. But are you taking advantage of all the opportunities you qualify for?
Structuring FMV Physician Compensation Podcast
Christy Street, Horne, speaks to Anna Grizzle, Bass Berry & Sims, about structuring provider compensation models from a regulatory perspective. The podcast looks at compensation issues in light of the newly issued Stark Law final rules. Sponsored by Horne LLP.
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 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
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
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
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?
How Much is Your Dental Practice Worth
Buying or selling a dental practice is a major decision with lasting impacts. Dentists rarely turn over the keys and walk away from operations – the process is much more of a transition rather than a transaction.
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 Two: Pass or Fail: Provider Relief Fund Single Audits
The acceptance of federal assistance comes with the responsibility to justify how you spend those funds. In this episode, HORNE’s Audit Manager Hayley Deer describes what you need to do to pass a single audit.
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
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 Six: Do You Have a False Sense of Security
In this episode, Brad Pierce of HORNE Cyber talks about how the majority of business owners who have invested in their cybersecurity posture still have a false sense of security. Listen to learn about how you can best protect your organization.
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.
Let’s Talk Transitions: Determining the Value of Your Dental Practice
Dental practice transitions rarely involve the selling dentist “turning over the keys and walking away” from operations. With this in mind, a
dental practice valuation includes the difficult tasks of projecting future operations and discounting those projections to a single and subjective present value.
Congress Passes $1.9T COVID Relief Bill. Here’s What’s in the American Rescue Plan
On Friday, March 5, 2021, the Senate voted 50-49 in favor of an amended American Rescue Plan (President Biden’s $1.9 trillion tax and spending package). This bill was sent back to the House for their vote. Today, March 10, 2021, the House passed the American Rescue Plan and President Biden is expected to sign it into law.
What I Wish I’d Known About Succession Planning (or Lack Thereof)
“That won’t ever happen.” That is what I told my father-in-law, Ralph, every time he wanted to discuss what I should do if he were to pass away before his father did.
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?
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
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.
You’ve Built Your Business, Now Build Your Exit Plan
You’ve done it. You’ve built a booming construction company and now you’re ready to relax. As a business owner, it’s important to plan your exit from the company years in advance to ensure you can depart with confidence. How will your exit impact you and your family?
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.
HORNE Ranks in Top Construction Accounting Firms
HORNE was recently selected as one of the Top 50 Construction Accounting Firms in the nation by Construction Executive Magazine.
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.
Funding & Forgiveness: Exploring the CARES Act & Mississippi State Tax Incentives
Businesses today have to make tough decisions and search for funds to keep doors open and employees paid. Many applied for the SBA’s PPP loan to offset losses during the COVID-19 shutdown. The loan offers short-term relief, but there may be another opportunity for businesses to find additional monies in the form of unclaimed Mississippi state tax incentives.
PPP Forgiveness: New Questionnaire Requirement for Large Borrowers
Just as many Paycheck Protection Program (PPP) lenders are beginning to accept forgiveness applications and submit them to the Small Business Administration (SBA) for consideration of partial or full forgiveness, the SBA has announced it will begin requiring a new Loan Necessity Questionnaire for large borrowers.
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
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.