May 7, 2015

When Family and Business Overlap

In an effort to keep their finger on the pulse, many business owners end up wearing many hats. Their roles in the business world might include those of majority shareholder, Chair of the Board or CEO. In their family or personal lives, they play the role of child, spouse, or parent. Often these two roles conflict, and the business owner is faced with difficult decisions.   Read more >>>
May 7, 2015

Do you Have Assets in Foreign Accounts? The June 30 Deadline to File FBAR is Approaching

If you have a financial interest, signature authority, or other authority over any foreign financial account, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR) if the aggregate value of your accounts exceeds $10,000 at any time during the calendar year, or you may face substantial penalties. June 30 is the deadline by which the Department of Treasury must receive your annual FBAR.   Read more >>>
May 7, 2015

Know Your Cafeteria Plan Document Basics

Here is some important information regarding cafeteria plans. If you don't have one, you may want to consider establishing one because it offers substantial tax savings for both employers and employees.   Read more >>>
May 7, 2015

Not Too Late for Your Existing Dispositions…

As another ‘busy-season’ comes to a close and extensions have been filed, there is still a small window in which you can scrub your fixed asset system for existing partial asset dispositions. These are duplicate assets that are being depreciated simultaneously for which the initial entries can now be written off. This provides an immediate deduction as well as cleans-up the fixed asset record.   Read more >>>
May 7, 2015

SALT Report: May 2015

State & Local Tax updates in Illinois and Indiana.   Read more >>>
May 7, 2015

Affordable Care Act: Required Employer Reporting for 2015

As you may be aware, under the Affordable Care Act, large employers are subject to new reporting requirements. Large employers must complete Form 1095-C for every full-time employee for calendar year 2015, with the forms due February 1, 2016.   Read more >>>
May 7, 2015

Do You Own a Non-US Affiliate? Take Note of a New Reporting Requirement

If your organization owns a non-U.S. affiliate, you may be required to submit certain economic information to the U.S. Commerce Department’s Bureau of Economic Analysis (BEA).   Read more >>>
May 7, 2015

Frequently Asked Questions by Non-Profits, Part 2

Many leaders of non-profits run up against similar challenges. We’ve pulled together this list of FAQs to provide you guidance on these common issues, including how to start a non-profit, federal and state tax filing, human resources, and A-133 audit.   Read more >>>
April 8, 2015

The Most Effective Way to Educate Your Staff (and it’s free!)

Few dental practices consider including business office staff in regular continuing education classes. What a missed opportunity! Here’s why every dental practice should be holding regular in-office training sessions for team members.   Read more >>>
April 8, 2015

Will Sage 100 ERP support the Affordable Care Act (ACA) reporting for 2015?

Sage has published a document containing several detailed screen captures and explanations of how the Sage 100 ERP Payroll module will change to accommodate the new ACA (Affordable Care Act) rules which go into effect for many at the end of 2015. Please consult your tax advisor for guidance on how these rules may apply to your company.   Read more >>>
More...
May 2015

MSOE Rapid Prototyping Center Tour for Manufacturers

You are invited to join Schenck SC for a tour of the Rapid Prototyping Center at MSOE, as well as a presentation by the Center’s Director, Sheku Kamara. Sheku will share a case study of how the Center is currently partnering with a Wisconsin manufacturer to speed up their time to market. You will see first-hand how this new technology works and how it can be applied within your business.   Read more >>>
June 2015

Sage 100 ERP Breakfast-N-Learn Series

At our Breakfast-N-Learn on Tuesday, June 9, we will be reviewing Payroll.   Read more >>>
June 2015

Human Resources Leadership Lessons Learned – The Hard Way

Running a successful business means recognizing critical human resources issues before missteps cost your company time and money. Discover several HR mistakes that can trip you up – taking you away from other responsibilities. Understand the leadership and compliance items to which you need to stay alert, including recent updates related to National Labor Relations Board General Counsel memos and the Affordable Care Act reporting requirements.   Read more >>>
More...
© 2015 Schenck SC