Company News & Updates

Software and System Backup and Restoration Options

by Zachary Fowler It is not a secret that data backup is an essential part of any business.  Many organizations have implemented policies related to their data backup and storage processes as part of their IT infrastructure.  Even if an organization does not have a...

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Substantiation of Hardship Distributions

Contributed by Mary Espinosa  The IRS recently issued two memorandums to its employee plan examiners indicating it is permissible for 401(k) and 403(b) plan sponsors and their service providers to rely on participants’ written summaries describing their financial...

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Employee Benefit Plan Newsletter

For over 10 years, HBE has been a member of BDO Alliance USA, a nationwide association of independently owned local and regional accounting and consulting firms. The Alliance allows the firm to draw on BDO, LLP’s resources and technical services in specialty areas...

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Revenue Recognition Standard Update

INTRODUCTION In 2014, the Financial Accounting Standards Board (“FASB”) and International Accounting Standards Board (“IASB”) issued comprehensive revenue recognition standards entitled “Revenue from Contracts with Customers”. It takes effect in 2018 for public...

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Tax Savings Opportunities for Manufacturing

by Carter Johnson In the manufacturing sector, there are many ways to achieve success. Most businesses in this sector attempt to achieve their objectives through the means of creation, production, and fostering growth. For these companies, difficult decisions are...

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