Business: Beyond the Obvious

Sharpen your competitive edge with the latest expert financial, tech, operational, and HR insights.

Financial: Tax Season Edition

Four Tips to Maintain International Tax Compliance

Tax season is among us, and taxpayers with foreign interests need to be aware of filing requirements that could lead to steep penalties for non-compliance. Haley Griffith-Baughman, EA—one of CSH's international tax experts—has pulled together a summary covering four substantial changes and a list of commonly missed foreign tax filings. Read more.

Six Tax Tips for Manufacturers in 2024

When it comes to taxes, manufacturers should stay informed about key considerations heading into 2024. While certain parts of the Tax Cuts and Jobs Act (TCJA) are expiring, newer tax laws will take effect. The Inflation Reduction Act (IRA) and the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act are two to keep on your radar. As with all changes to tax legislation, there are opportunities to be seized and pitfalls to avoid. Learn about CSH’s top six tax tips for manufacturers in 2024.

Qualified Business Income (QBI) Deductions: What You Need to Know

The QBI deduction is available for eligible individuals through 2025. After that, it's scheduled to expire unless Congress passes legislation to extend it. With 2024 underway, it's time to use or lose the lucrative write-off. Here's what you need to know to cash in on the QBI deduction.

In the event that you are eligible to claim QBI deductions, there are nuances and strategies that must be considered. Read our top four tips to maximize QBI deductions. 

Technology

CMMC Readiness: Four Key Steps When Preparing for Compliance

The clock is ticking to comply with the Cybersecurity Maturity Model Certification (CMMC). Is your organization prepared? Even during the transitional period, the United States Department of Defense can still audit your organization's security controls using either CMMC or the existing DFAR 7012 requirements. To remain in the Defense Industrial Base (DIB), organizations are strongly advised to conduct a cost-benefit analysis to find the most cost-effective way to meet CMMC requirements. Carly Devlin , CISO and Shareholder, simplified the process by providing four key steps to take for CMMC readiness. Read more.

"Do you want to earn more contracts once CMMC rolls out? You may want to be ahead of the game and seek compliance before your competitors."

Serge Kikonda, Sr. Consultant (IT Risk & Cybersecurity)

Schedule a free 30-minute consultation with our CMMC experts today.

Operations

Independent Contractor or Employee? DOL Issues New Rule

The U.S. Department of Labor (DOL) has revised its criteria for distinguishing between independent contractors and employees under the federal Fair Labor Standards Act (FLSA) multiple times in recent years. This updated regulation, which is more favorable to employees, went into effect on March 11th, 2024. Learn more here.

Demystifying SOC Reports

Organizations today face increasing pressure from their customers, business partners, and auditors to demonstrate the robustness of their internal controls and handling of sensitive data. SOC 1 and SOC 2 reports can provide this assurance to stakeholders. But which report is right for you? Learn more.

Human Resources

Top Three Reasons Why New Hires Leave… And How to Turn Around Your Turnover

Are you struggling to retain your new hires? This is a costly challenge that many companies are facing today. A staggering 20-40% of new employees don't make it past their first 90 days. By understanding why they leave, you can implement solutions to stop the revolving door. Read more for actionable tips on how to engage your new talent and reduce turnover.

Upcoming Webinar Alert: The Secrets to Optimizing Your Recruitment Process

Are you struggling to fill your open positions? Can’t find the right talent? Particularly in this candidate-driven market, you can’t afford hiccups in your recruitment process if you want to remain competitive. Join our recruiting experts, Sam Lickert and Lisa Diekman Johnson, CIR, at Clark Schaefer Strategic HR , as we discuss the critical areas for analyzing and optimizing your talent acquisition process. Register for free today.

The Future of Work Ethic

As the world continues to change with new ideas, technological advances, and novel working arrangements, it’s no surprise that the definition of “work ethic” continues to evolve with it. For example, technological advances are rapidly changing how we live and work, creating opportunities to work from home while remaining connected to our team members. In addition, today’s workforce is the most diverse in human history. Varying gender, age, race, religion, sexual orientation, birthplace, and work location are just some of the factors that contribute to our differences. Learn more about the future of "work ethic" here.

Can an Employee Take FMLA Leave to Care for an Adult Child?

Employees can use FMLA for many reasons, including caring for a child with a serious health condition. However, when the child is mentally or physically disabled and 18 or older, employers may question whether FMLA still applies. Check out our article to learn more.

Clark Schaefer Hackett is more than an accounting and advisory firm; we’re striving to be your most valued advisor. We accomplish this through becoming an extension of your team in areas such as financial, technological, operational, and human resources. Connect with us today to discuss how we can support your growing organization through our family of brands: Clark Schaefer Consulting, Clark Schaefer Strategic HR, and Clark Schaefer Executive Search.