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Posts by Kevin Brady

New R&D Tax Credit Reporting Requirements On the Horizon

Businesses that capitalize on the popular Research and Development Tax Credit need to be aware of changes in reporting requirements for the 2024 tax year.
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How Does the New CECL Model Affect Your Financial Statements?

Non-public entities will need to adopt the new Current Expected Credit Loss (CECL) model starting with 2023 calendar year-end financial statements. What does this mean for your company and your financial statements?
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Quick Guide: Maryland Defense Diversification Assistance Program

The Maryland Department of Commerce is helping defense contractors grow their businesses, increase profits and find new opportunities. The Maryland Defense Diversification Assistance (MDDA) program seeks to help defense contractors diversify into new...
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What is Industry 4.0?

It’s no secret that technology has been evolving at light speed in the past few decades. If you need proof, just look at the development of computer and phone technology in the last ten years. The next big wave of manufacturing technology — as part of...
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3 Things You Must Know to Qualify for Maryland’s Job Creation Tax Credit

If your business is creating new full-time jobs in Maryland, you may be entitled to state income tax credits. The Maryland Job Creation Tax Credit rewards businesses that create a minimum number of new full-time positions in Maryland before January 1,...
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4 Tell-Tale Habits of Manufacturing Employees Who Commit Fraud

Discovering employee fraud in your manufacturing business can feel like a punch to the gut. Not only has someone been embezzling your hard earned profits, but they’ve been sitting right under your nose while robbing you blind. Putting the brakes on...
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