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All About Manufacturing & Distribution (4)

Uncovering a Phantom Workforce: the Dangers and Prevention of Ghost Employees

Payroll theft comes in all shapes and sizes and often lies hidden below the surface. Fraudsters who perpetrate ghost employee schemes use the shadow of another employee to cover their tracks. One of the best ways to prevent payroll theft is to understand...
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IRS Halts Processing of New Employee Retention Credit Claims

The IRS announced a moratorium on the popular Employee Retention Credit through at least the end of 2023. Here’s what you need to know about the moratorium.
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Your Business May Need to Comply With New Corporate Transparency Act

A court order temporarily stopped the enforcement of Business Ownership Information (BOI) reporting requirements for businesses. Read more here and watch for updates. There’s a new law that should be on the radar screen of most small- and...
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Tax Credits for New Electric Vehicles Purchased In 2023

If you’re one of the half million Americans who purchased an electric vehicle so far in 2023, you might be eligible for a tax credit.
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Maryland Manufacturers Can Apply for Grants Up to $500,000

Eligible Maryland manufacturing businesses can receive up to $500,000 in state funding as part of the Maryland Manufacturing 4.0 Grant Program. The program supports manufacturing businesses that invest in cutting-edge technologies to remain competitive...
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FASB Issues Guidance On How to Account for Related Party Leases

There’s new guidance for businesses and nonprofits that are subject to the relatively new lease accounting standard.
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