Bringing Joy to the Workplace
Posted by Clayton & McKervey on October 13, 2021
Clayton & McKervey
In today’s episode of The Sound of Automation podcast, we discuss joy in the workplace with Rich Sheridan of Menlo Innovations. Listen in to learn why culture is such an important piece of attracting and retaining top talent.
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Insights from Washington: The Wait Continues and Other News
Posted by Sarah Russell on October 11, 2021
Sarah Russell
As negotiations continue on the budget reconciliation package, it appears more and more likely that progressives in Congress will need to scale back President Biden’s original economic agenda. One way Democrats are considering lowering the cost of the package is to enact income eligibility limitations on some of the programs.
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Are Your Financial Statements Telling the Right Story?
Posted by Angela Liu on October 11, 2021
Angela Liu
You made it through the adoption of the much-anticipated U.S. GAAP changes to the revenue recognition standard and thought things would get back to normal. Then the pandemic hit, and nothing was normal. Learn about the new U.S. GAAP accounting standard, and why you might want to consider FRF for SMEs instead.
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Clayton & McKervey Announces Team Promotions
Posted by Clayton & McKervey on October 8, 2021
Clayton & McKervey
We are pleased to announce recent team promotions including Advisory & Assurance Managers Angela Liu and Ryan Lavoie. Angela supports privately held domestic and international businesses with audits, reviews and compilations. Ryan focuses on helping business owners with financial reviews, compilations and tax returns.
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A&E Talent Retention: Money isn’t the Only Motivator
Posted by Kevin Johns on October 6, 2021
Kevin Johns
Attracting and retaining a winning roster of top talent demands a creative focus on both compensation planning and cultural factors that matter to the professionals who create today’s engineering and architectural marvels. Here are some compensation planning and cultural considerations to help promote A&E talent retention.
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Insights from Washington: Infrastructure & Budget Reconciliation Waiting Game
Posted by Sarah Russell on October 5, 2021
Sarah Russell
Another week has passed without action in Congress. House Democrats delayed an expected vote on the infrastructure bill as it became evident they didn’t have enough votes to pass the Senate-passed bipartisan legislation without further action on the much larger budget reconciliation (Build Back Better) bill. Learn more in today's edition of Insights from Washington.
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Is Your Wealth Being Managed by the Right Team?
Posted by Margaret Amsden and Casey Haggerty on October 4, 2021
Margaret Amsden
Though CPAs and wealth managers are two different advisors, together they play an essential role in helping individuals make short- and long-term financial plans. To make the best plans for their future, clients are discovering that a partnership between these professionals can further enhance their financial goals and performance.
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Michigan SALT Tax News Impacts Owners
Posted by Sue Tuson on September 30, 2021
Sue Tuson
In mid-summer 2021 Michigan Governor Gretchen Whitmer vetoed a bill that would have provided a workaround to the current cap on the deduction for state income taxes that business owners face on pass-through income.
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Business Transaction Basics: You’ve Closed the Deal, Now What?
Posted by Ben Smith and Margaret Amsden on September 30, 2021
Ben Smith
Selling a business takes months of preparation, hundreds of phone calls, and seemingly endless decisions before all is said and done. But for sellers, even after signing on the dotted line, there’s plenty more to do. Here are some important post-closing considerations.
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Business Transaction Basics: It’s All About Due Diligence
Posted by Ben Smith and Tim Hilligoss on September 28, 2021
Ben Smith
You’ve been talking to buyers for months and have a letter of intent in hand. So, what comes next? Before taking on tens of millions of dollars in new assets, buyers will undergo a thorough check to understand exactly what they are purchasing. Here's what you need to know about due diligence to make the process as smooth as possible.
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Insights from Washington: Infrastructure & Budget Reconciliation Bill News
Posted by Sarah Russell on September 27, 2021
Sarah Russell
Over the weekend the House Budget Committee advanced a draft version of President Biden’s tax and social spending measure, but it remains to be seen whether the package will be brought to a floor vote in the House of Representatives.
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Potential R&D Tax Credit Changes Could Impact Your Business
Posted by Bryan Powrozek on September 22, 2021
Bryan Powrozek
If the R&D tax credit is important to your company, you’re going to want to watch upcoming legislative activity very closely. The 2017 TCJA contained a provision that eliminates the ability to deduct R&D costs in the current tax year, effective in January 2022. Instead, companies will be required to amortize these costs over 5 to 15 years depending on where they fit in the new filing rules.
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Insights from Washington: Reconciliation Package Update
Posted by Sarah Russell on September 21, 2021
Sarah Russell
Our Insights from Washington week two summary provides an update on the reconciliation package. The House Ways & Means Committee approved its Build Back Better Act tax increase package September 15 after close to 40 hours of debate and mark-up, during which many amendments were proposed, but none were adopted.
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Putting Culture into Action: How to Build Employee Engagement
Posted by Tim Finerty on September 17, 2021
Tim Finerty
Once your organization has a cultural framework in place, people need to know that it’s real. Meaningful actions that they can see and feel are essential to building lasting engagement. The kind of engagement we’re talking about goes beyond mere job satisfaction – it’s a willingness to invest discretionary effort in the mission of your organization.
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Clayton & McKervey Names Ben Smith & Dave Van Damme Shareholders
Posted by Clayton & McKervey on September 16, 2021
Clayton & McKervey
We are excited to introduce two new Clayton & McKervey Shareholders: Ben Smith and Dave Van Damme. As new members of the now 12-member ownership team, Smith and Van Damme will have the opportunity to expand their impact on the firm; building teams and practices which support their industry expertise, technical skills and passion.
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Strategic Planning
Posted by Clayton & McKervey on September 15, 2021
Clayton & McKervey
In this episode of The Sound of Automation podcast, we sit down with Clayton & McKervey Industrial Automation leader Tim Finerty to discuss strategic planning. Learn how to get this process started and how to use your company’s strategic plan to help run your business day-to-day.
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Insights from Washington: House Democrats Propose Tax Increases
Posted by Sarah Russell on September 14, 2021
Sarah Russell
To keep you informed on the latest tax negotiations from Washington, we will be issuing a weekly blog with the current news. Our first installment covers details of the proposed tax increases drafted by House Democrats and released on September 13. Here are some highlights from the summary.
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New FASB Leasing Standard Updates and Guidance
Posted by Julie Killian on September 14, 2021
Julie Killian
After several adoption date delays, it’s now time to get serious about adopting the new leasing standard. Businesses must begin using the standard in their 2022 fiscal year, and start preparing in 2021. Here is a summary and some important considerations.
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Firm Announces New ERP Dashboards Service
Posted by Clayton & McKervey on September 13, 2021
Clayton & McKervey
Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, has announced a new ERP dashboards service designed to help clients get the most out of their current ERP systems and extract the data that really matters.
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Business Transaction Basics: Why Having the Right Team Matters
Posted by Ben Smith and Tim Hilligoss on September 9, 2021
Ben Smith
Many new obstacles and questions come into focus when you decide to sell your business. Where do you find firms interested in buying? How much is your company worth? How do you find a good partner? Bringing on an experienced M&A team can help ensure you get the full value of the company you’ve built.
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Building a Foundation of Trust for Internal Communications
Posted by Tim Finerty on September 7, 2021
Tim Finerty
Learn about the role internal communications practices play in establishing a vibrant organizational culture. When you have processes like this in place, your cultural objectives have a better chance of success. In turn, this boosts engagement in a way that makes people want to invest discretionary effort in fulfilling your organization’s purpose.
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7 ESOP Considerations for A&E Firms
Posted by Kevin Johns on September 2, 2021
Kevin Johns
Employee Stock Ownership Plans can help facilitate succession planning while offering special advantages for owners and employees of architecture and engineering firms, including significant tax benefits. Learn more about the benefits of an ESOP and discover why you should consider one for your A&E firm.
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International Tax Overhaul Draft Legislation Released
Posted by Sarah Russell on August 30, 2021
Sarah Russell
Senate Democrats recently released draft legislation overhauling portions of the international tax regime which is part of the expected $3.5 trillion tax and spending package. Review the proposed legislation and see the direction Congress is heading in regards to international tax changes.
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Emerging Tech for Manufacturing: Reduce Risks with Cybersecurity
Posted by Jim Biehl and Elly Mioduszewski on August 30, 2021
Jim Biehl
For many manufacturers, there’s nothing worse than realizing your security has been breached. Whether it is ransomware, spyware, phishing, or an unintended data breach, manufacturing’s growing dependence on technology also leaves it vulnerable to technology-based attacks.
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Talent 101: Build a Winning Team
Posted by Clayton & McKervey on August 26, 2021
Clayton & McKervey
Attracting new talent in today's changing environment is more challenging now than ever before. Watch as organizational leaders from Menlo Innovations, Applied Manufacturing Technologies and Diag Partners discuss how trust, transparency, culture and communication can help you build a winning team.
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Digital Transformation
Posted by Clayton & McKervey on August 25, 2021
Clayton & McKervey
Listen to this episode of The Sound of Automation podcast to learn about the benefits, opportunities and impacts of digital transformation. Sam Hoff of Patti Engineering explains how digital transformation is used in his organization.
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House Approves $3.5 Trillion Budget Blueprint
Posted by Sarah Russell on August 25, 2021
Sarah Russell
On Tuesday, August 24, the House passed a measure approving a $3.5 trillion budget blueprint, paving the way to advance President Biden’s economic agenda. Significant hurdles remain before a budget bill is passed. We will continue to keep you informed as negotiations continue and draft legislation becomes available.
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Leadership: The Key to a Thriving Company Culture
Posted by Tim Finerty on August 23, 2021
Tim Finerty
For any set of cultural beliefs and behaviors to become an authentic part of your company’s daily work experience, you need “culture champions” at every level of the organization. There’s no question that your team of champions must include front line workers, but studies confirm that middle and line managers are also essential catalysts for culture adoption.
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Business Transaction Basics: Are You Ready to Sell?
Posted by Ben Smith and Tim Hilligoss on August 17, 2021
Ben Smith
Even if your business isn’t for sale yet, knowing what’s involved in a transaction and understanding what buyers value most is a great way to ensure your business can receive the best valuation possible for when the day comes – often faster than you anticipate.
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Manufacturing in Mexico: Standalone vs. Shelter Company
Posted by Carlos Calderon on August 12, 2021
Carlos Calderon
Companies interested in manufacturing in Mexico have two main options for their operations. They can operate on a standalone basis or use a shelter service company. We can help you evaluate which structure is best based on your company size, needs, complexity and other important considerations.
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Retaining Top Talent in a Post-Pandemic World
Posted by Tim Finerty on August 11, 2021
Tim Finerty
Company culture plays a critical role in attracting and retaining top talent. Learn how the pandemic has changed work as we know it and what "coming back" to work looks like.
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Build a Winning Team
Posted by Clayton & McKervey on August 10, 2021
Clayton & McKervey
Amy Lackie of Diag Partners joins us on this episode of The Sound of Automation podcast to discuss why adaptability, flexibility and culture are such important factors for building a winning team in today's changing environment.
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Historic Global Tax Reform on the Horizon
Posted by Sue Tuson on August 10, 2021
Sue Tuson
The G-20 international forum met in July to discuss plans to create a global minimum tax of 15%. The OECD has proposed a two pillar framework designed to address the needs of a global digital economy. Review the key aspects and potential impacts of this proposed tax reform.
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Expanding to the US: How to Effectively Manage Your US Subsidiary
Posted by Teresa Gordon on August 5, 2021
Teresa Gordon
Establishing a U.S.-based subsidiary is a challenge unlike any other. Managing it is a close second. Here are some important considerations to help you effectively manage your U.S. operations.
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New Managers Added to Clayton & McKervey Leadership Team
Posted by Clayton & McKervey on August 4, 2021
Clayton & McKervey
We are pleased to announce recent leadership team additions including Consulting Manager Elly Mioduszewski and Transaction Services Manager Andrew Watson.
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How Life Insurance Enhances Your Estate Plan
Posted by Margaret Amsden on August 3, 2021
Margaret Amsden
Life insurance can be a valuable planning tool, but common misconceptions about policy management cause many policy owners to miss significant opportunities. With the right knowledge and advice, you can maximize the policy benefit while reducing cost and risk.
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Expanding to the US: Top Legal Tips for a Successful Expansion
Posted by Teresa Gordon on July 29, 2021
Teresa Gordon
The U.S. legal landscape warrants a closer look beyond incorporation, immigration and contract needs. Review these important U.S. legal requirements during the planning stage of your U.S. expansion to avoid surprises or mistakes.
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Emerging Tech for Manufacturing: Building Blocks of Blockchain
Posted by Jim Biehl and Elly Mioduszewski on July 27, 2021
Jim Biehl
Along with the health and safety of its people, there may not be anything more important to a manufacturer than the security of its information. For many companies, blockchain ledger is required to create an audit trail for all transactions within a supply chain.
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Expanding to the US: Important US Payroll Considerations
Posted by Teresa Gordon on July 22, 2021
Teresa Gordon
There are many aspects involved in planning a successful U.S. expansion. One area that merits a priority focus is U.S. payroll and related human resource matters. Review these important U.S. payroll considerations before expanding to the U.S.
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Data Analytics 101: How to Get Started
Posted by Clayton & McKervey on July 21, 2021
Clayton & McKervey
Listen to this episode of The Sound of Automation podcast to learn about the importance of data analytics and data-based decision making. Discover what trends to look at and how to track against your business goals.
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