5 Benefits of Outsourced Accounting Services
fficient financial management is crucial for the success of any organization. However, maintaining an in-house accounting staff can be challenging and expensive, especially for smaller organizations with limited resources. Partnering with an experienced, outsourced accounting team can take away the stress and strengthen an organization’s finances.
HSA Contribution Limits Set to Increase in 2024
The IRS annually evaluates limits and thresholds for various benefits and provides increases, as needed, to keep pace with inflation. The health savings account (HSA) contribution limits effective January 1, 2024, are among the largest HSA increases in recent years....
2023 Manufacturing Market Update
Written by, James D. Schulz, CPA, CVA, MTPartner | HBE LLPThe last few years have been a whirlwind for many businesses, especially manufacturers. Inflation, supply chain constraints, workforce shortages, and the impact of rising interest rates have created a complex...
Preparing to Sell Your Business
The idea of selling a business can be daunting. Finding a buyer and managing the time-intensive process while continuing to run the business may cause owners to avoid the subject until they need to sell. There are, however, steps an owner can take to alleviate the...
HBE LLP Recognized for Equity Leadership for Ninth Year in a Row
HBE LLP is pleased to announce that for the ninth consecutive year, we have been named to the Accounting MOVE Project’s 2023 Best Firms for Equity Leadership and 2023 Best Firms for Women. With women leading 44% of the firm, HBE is one of the 13 firms awarded with...
7 Healthcare Private Equity Trends to Know
Healthcare continues to face a challenging economic and regulatory environment. Inflation and interest rates remain elevated, increasing both the cost of care and the cost of capital. At the same time, labor expenses remain elevated compared to pre-pandemic levels,...
Effective Cash Management Solutions for Organizations
Written by, Lucas J. Post, CPASenior AccountantIn the Spring of 2023, the Federal Deposit Insurance Corporation (FDIC) acted on its first recovery measures due to bank failures since 2020. These recent events have led organizations to reevaluate the protection of...
Succession Planning Guidance for the Boomer Generation
Written by, Scott J. Scheef, CPA, CVAPartner | HBE LLPListen to Scott Scheef's 10 Minute Webinar, where he speaks about navigating the unique needs of succession planning with the boomer generation.Recently, I was invited to join other industry experts to contribute...
IRS Stops Employee Retention Credit Processing
On September 14th, the IRS announced that they will stop processing any new Employee Retention Credit (ERC) claims filed until at least the end of the year. This decision comes amid rising concerns about a flood of improper claims, putting honest small business owners...
Plan Sponsor Alert: DOL Enforcement Activity Expected to Increase in 2023
In 2022, the Employee Benefits Security Administration (EBSA) saw a significant decrease in enforcement actions for the second consecutive year. In total, the EBSA recovered $1.4 billion for plans, participants, and beneficiaries in 2022—down from $2.4 billion in 2021...