More about Allyson Baumeister
Blog Posts by Allyson Baumeister:
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Answers to Your Lease Accounting Questions
The new lease standard (Topic 842) is here and effective now. Manufacturing companies who lease assets will now record all (with minimal exceptions) leases as both an asset and a liability.
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Business Efficiency: Could An Operational Review Improve Your Bottom Line?
A Business Opportunity Assessment can help identify specific opportunities for reducing waste and increasing automation, thus helping you prioritize an actionable plan to solve potential inefficient processes.
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Company Retirement Plan: Keeping it Competitive & Compliant
From retirement benchmarking studies to outsourced retirement plan fiduciary responsibility, there are significant resources available to ensure your 401(k) plan is competitive with your industry peers.
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Employee Retention Credit – Huge Benefit For Many Manufacturers
The Employee Retention Credit (ERC) remains available for employers to claim on amended payroll tax returns for qualifying periods assuming they met the eligibility criteria and paid eligible wages during those times.
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Can data transform your business?
The digital transformation process begins with determining Key Performance Indicators (KPIs) (i.e., Bill of Materials (BOM) accuracy, labor/overhead cost, total gross margins, cost to serve, etc.), integrating applications, and formatting the bulk data to communicate correctly.
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Workforce is Top Issue For Manufacturers
As companies adapt to post-pandemic life, attracting and keeping good people requires adaptability and strategic thinking.
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How Russia’s actions in Ukraine might impact U.S. Trade Policy
Omar Nashashibi, a partner at The Franklin Partnership, LLP, shares his thoughts on how the current events in Ukraine might impact U.S. Trade Policy.
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Partnerships and S Corporations Receive Temporary Reprieve from Foreign Tax Reporting
The IRS rolled out new K-2 and K-3 forms for Partnerships and S Corporations. They recently released guidance for these forms, including relief for most taxpayers for 2021 only.
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The Events In Ukraine Can Have An Impact On Your Manufacturing Company
Cybersecurity has been a topic in most conferences and industry meetings over the last few years. With the recent events in Ukraine, it is imperative that all manufacturing and distribution companies take the time to ensure that their systems are protected.
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The “Great Resignation” May Lead To Tax Savings
If you are like most manufacturers, workforce continues to be one of your highest priorities. Companies are searching for solutions in various arenas as they attempt to work through their workforce challenges.