Dan Joyce

Preparing for a single audit? The OMB’s 2024 Compliance Supplement isn’t just auditors. If you’re a nonfederal entity administering grants, it could be a valuable resource to add to your toolkit. Here’s why. Read more. #compliancesupplement

The Wall Street Journal Article - August 2nd, 2024 Shortage of accountants - negative implications for companies #accountingcareer #accountingadvisory #technicalaccounting #usgaap #materialweakness #controldeficiency #auditing Article summary (Microsoft copilot system): 1. Accountant Shortage Impact: A lack of skilled accountants is leading to weak financial-reporting controls, causing higher CFO turnover rates1. 2. CFO Turnover Statistics: Nearly 640 companies cited insufficient accounting personnel for material weaknesses, with 28% replacing their CFOs. 3. Examples: Companies like Tupperware, Advance Auto Parts, and Sanmina faced significant accounting staff shortages, leading to delayed or restated financial reports and CFO changes. 4. Industry Response: Efforts to address the shortage include raising salaries, using temporary help, and proposing overhauls to state licensing rules.

Latest 45X guidance from the IRS provides new insights for taxpayers looking to claim the advanced manufacturing production credit. These final regulations clarify some key terms and address the credit’s applicability to extraction and material costs. Learn more here. #45X #IRS #manufacturing

Missed last week’s Moore on Manufacturing? Catch up as Mike Sibley, CPA and Kevin Golden, CPA explain how manufacturing costs and variances affect the value of your business and what you do. Watch on demand now!

Get ready for the future! By 2026, the U.S. Department of Defense will mandate Cybersecurity Maturity Model Certification (CMMC). Take Eide Bailly's free CMMC Readiness Assessment to ensure your organization is ready for the future. #CMMC #CybersecurityMaturity

Preparing for a single audit? The OMB’s 2024 Compliance Supplement isn’t just auditors. If you’re a nonfederal entity administering grants, it could be a valuable resource to add to your toolkit. Here’s why. Read more. #compliancesupplement

Missed last week’s Moore on Manufacturing? Catch up as Mike Sibley, CPA and Kevin Golden, CPA explain how manufacturing costs and variances affect the value of your business and what you do. Watch on demand now!

The corporate and individual tax issues involved with entrepreneurs moving to the US can be overwhelming, costly, and prevent a successful entry. Eide Bailly International Tax Partner Shannon Smith explores an example with Bloomberg Tax, highlighting the risks and the importance of proper planning.

Since 2005, Section 179D has offered incentives for upgrading HVAC, lighting, and more. Even with the post-IRA changes, significant benefits await. Forvis Mazars US provides additional details here: https://lnkd.in/eNpjgAjc