Amid unanticipated crisis, technology leaders sprang into action and helped business continue across many industries. After weathering the worst of the storm, tech executives carry continued optimism into 2021, anticipating a continued surge in demand and further opportunities for growth. In the 2021 BDO Technology CFO Outlook Survey, they surveyed 100 tech CFOs in September…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Erin MacDowell and Angela Mockobee. Erin MacDowell joins BGBC as a Payroll Specialist within Client Accounting Services. Recently relocating from Colorado, she now resides in Franklin, IN. Erin specializes in full cycling accounting within various industries. She brings over…
As more Americans get vaccinations and an economic recovery is within sight, manufacturers can bring lessons learned during the pandemic to accelerate growth. However, a recent BDO USA, LLP poll found that manufacturers are split; some are in growth mode and are focusing on product or service innovation and tech investments, while others are looking…
The manufacturing industry alone claims annual R&D tax credits in excess of $7.4 billion. Innovation is driving the manufacturing industry, and the objective of R&D tax credits is to encourage exactly the type of efforts that are at the core of Industry 4.0. You don’t have to be developing new products or engineering brand new manufacturing processes to qualify…
Highlights The American Rescue Plan Act provides for a 100 percent premium subsidy for certain former employees from April 1, 2021 to Sept. 30, 2021 and provides a second chance for some individuals to elect COBRA health insurance coverage Employers will be responsible for complying with notice requirements for eligible former employees during the premium…
While nearly everyone has been affected by the COVID-19 pandemic, the economic impact has been especially acute for women. In addition to the disproportionate number of women who were furloughed or laid off, many women faced additional financial stress from needing to take time off to care for children, elderly parents, or other family members.…
For the second year in a row, the federal income tax filing due date for individuals has been postponed. The postponements come as a part of the fallout of the coronavirus pandemic and the legislation that has resulted from it, which has added complexity to tax filings and systemic strain to the U.S. tax bureau.…
We are pleased to announce that clients may come into our office effective February 22, 2021. Masks are required, and all meetings will take place in our conference rooms. Please reach out to our office if you wish to schedule a meeting, and for additional procedures.
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was ineligible…
In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020. As part of the Consolidated Appropriations Act, 2021 (CCA), the credit has been extended through June 2021. The credit is actually…