Is your legacy ERP system inflexible and difficult to integrate with other key business applications? When your current system begins to negatively impact your ability to do business in an efficient manner, it’s time to consider a modern, cloud-based ERP system. Video Transcription With Jeff Bathurst, Director of SC&H’s Technology Advisory team Businesses are evolving … Read more
Implementing an ERP solution doesn’t happen overnight. From an effective change management strategy to system and partner selection, there’s a lot that goes into the implementation. The proper planning and design — and knowing where to start — are vital to a successful process. Video Transcription With Chris Rossi, Principal of SC&H’s Technology Advisory team Chris … Read more
Regrettably mistakes can be made by 401(k) plan administrators that go unnoticed until the IRS or Department of Labor (DOL) audits or examines a plan. Fortunately, the IRS provides a 401(k) Plan Fix-It Guide detailing the top 10 most common mistakes made in administering a 401(k) plan. SC&H Group walks you through the guide so you can keep up with any changing regulations.
Greg Hogan, Managing Director, SC&H Capital recently participated in the virtual NCEO 2020 Employee Ownership Conference, which featured a wide-ranging educational conference for the Employee Ownership community. Hogan was joined by Steve Ryan, Director, Prairie Capital Advisors, Inc., and Guillermo Doria, ESOP Practice Leader, BankUnited to discuss “Capital Planning Through the Life Cycle of an … Read more
The recently signed Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748, the CARES Act) included an important adjustment to the Sec. 461(l) Excess Business Loss Limitation, which was only recently enacted by the signing of the Tax Cuts and Jobs Act of 2017 (TCJA). This new limitation on excess business losses was … Read more
Solutions to Change Management and Employee Buy-In Obstacles As technology and modernization continue to affect and dictate the way business is conducted, business leaders are faced with the evolving task of meeting the demands of their clients, vendors, and employees. It is not uncommon for businesses to attempt to address this through small, incremental changes … Read more
Deciding to upgrade and implement a new ERP system is a big step for many organizations. Reaching this decision comes after a lot of analysis, internal decision-making, and a desire to improve. Usually, the need for an upgrade is in response to significant shortcomings of the current system in place; things like process inefficiency, high … Read more
Businesses are evolving rapidly as dramatic improvements in technology create new ways to solve problems and compete better. These changes are creating new industries and driving new levels of opportunity and challenges in existing industries. Customer expectations, driven by the proliferation of mobile devices and the ease of use of e-commerce sites like Amazon, are … Read more
For many plan sponsors, managing a 401(k) or 403(b) plan can be an overwhelming task, but it doesn’t have to be. An increasing number of organizations, regardless of their size, are now using retirement plan committees to oversee their 401(k) and 403(b) plans. When there was a downturn in the market a few years ago, … Read more
Economic growth and tax reform continued to fuel M&A activity in 2018. Despite some market volatility and politically driven headwinds, we expect M&A activity to continue at a torrid pace in 2019 as buyers seek to supplement organic growth with acquisitions. Given the continued strength of the M&A markets, many ESOP-owned companies may be on … Read more
One of the changes in the Tax Cuts and Jobs Act (TCJA) that affects almost every business taxpayer is the change in the rules for deductibility of meals and entertainment expenses. In general, the limits are stricter and you will be able to deduct less than you did prior to 2018. Which may pose the … Read more
Updated October 15, 2021 at 5:30 pm ET The following blog post summarizes revenue recognition concepts specific to manufacturing contractors that must be considered to ensure their accounting policies are aligned with the FASB’s standards. The FASB’s standards that were updated in 2018, put more judgment and estimation into the revenue recognition process. One of … Read more
