The document provides information about Brian Wages, a tax credits and incentives specialist. It summarizes Brian's background, areas of expertise in tax credits, and contact information. It then provides summaries of cost segregation, R&D tax credits, and green energy incentives. Cost segregation allows identifying property costs that can be depreciated faster. R&D tax credits require qualified research activities. Green energy incentives include section 179D deductions and solar investment tax credits. The document aims to educate manufacturers on available tax savings opportunities.
Specialized Tax Strategies - Using engineering, design and costing to seize t...Capital Review Group
Specialized tax strategies that may allow for substantial benefits for architects, engineers, material suppliers, and their clients. Using engineering, design and costing to seize tax savings through 179D, Cost Segregation, and Tangible Property. Without an engineering-based studies, taxpayers are unable to take full advantage of the tax law; therefore, they surrender significant cash flow to the IRS for commercial buildings.
SR&ED: What you need to know about the changing landscape - MaRS Best PracticesMaRS Discovery District
The Scientific Research and Experimental Development (SR&ED) tax incentive program provides support in the form of tax credits to groups or individuals conducting scientific research or experimental development in Canada.
Some significant changes are on the way as a result of the last federal budget. See how these new rules could affect you!
Specialized Tax Strategies - Using engineering, design and costing to seize t...Capital Review Group
Specialized tax strategies that may allow for substantial benefits for architects, engineers, material suppliers, and their clients. Using engineering, design and costing to seize tax savings through 179D, Cost Segregation, and Tangible Property. Without an engineering-based studies, taxpayers are unable to take full advantage of the tax law; therefore, they surrender significant cash flow to the IRS for commercial buildings.
SR&ED: What you need to know about the changing landscape - MaRS Best PracticesMaRS Discovery District
The Scientific Research and Experimental Development (SR&ED) tax incentive program provides support in the form of tax credits to groups or individuals conducting scientific research or experimental development in Canada.
Some significant changes are on the way as a result of the last federal budget. See how these new rules could affect you!
2014 wla conference big tax ideas that save real moneyDebby Keegan
This presentation highlights the top 5 tax things you need to know for 2014 if you're in the lodging industry. This high level discussion means you can leave your slide rule and pocket protectors at home! We will focus on how you can put real money back into your pockets.
A Banking Perspective on Historic Tax Credits - Michael TaylorHeritage Ohio
Michael Taylor of PNC Bank discusses the banking perspective on historic tax credits at the Heritage Ohio Historic Tax Credit Workshop in Toledo, Ohio on March 25, 2011
179D Commercial Building Energy Efficient Tax Deductiondloziuk
As part of Energy Policy Act (EPact) of 2005, the federal government passed a tax bill that supports building energy efficient measures. Building owners can qualify for up to $1.80 per sq. ft. in tax deductions when energy efficient measures are installed. Go to http:///www.179d.info for more information on the 179d
Benchmarking Building Energy Performance: A View from EPA’s ENERGY STAR ProgramEnergyCAP, Inc.
This presentation, given during EnergyCAP's Catalyst Training Conference, describes the relationship between EnergyCAP software and the EPA Portfolio Manager benchmarking tool.
Competition Briefing - Open Digital Solutions for Net Zero Energy KTN
This briefing provided more information on the scope and application process for Innovate UK's Small Business Research Initiative (SBRI) competition to develop open software, hardware and data solutions that address the challenges of transforming to a net zero energy system in the UK.
Presentation from Ohio Accounting Firm - Rea Associates - discussing how companies should manage the classification of capital assets. Topics covered include asset policies and thresholds, tracking construction in progress additions, estimate useful lives and recongizing capital asset impairment opportunities.
2022 Rea & Associates' Cybersecurity Conference Rea & Associates
This presentation will give you insights into timely information about current cybersecurity threats faced by small and mid-sized businesses, incident response plans, and Cybersecurity Maturity Model Certification (CMMC) compliance protocols required for government contracts and what you need to do now to protect your business from a cyberattack.
Rea & Associates - 4th Annual Construction KickoffRea & Associates
Rea & Associates is proud to present the 4th Annual Construction Kickoff on Wednesday, January 26, 2022, at The Ohio State University Fawcett Center. Joined by Overmyer Hall and Kegler Brown, this free, in-person event will provide you with high-level updates, open discussions, and exclusive content for business leaders in the construction industry. You can expect a glimpse into the current and future considerations of the construction industry regarding tax, insurance, liability, and more!
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2014 wla conference big tax ideas that save real moneyDebby Keegan
This presentation highlights the top 5 tax things you need to know for 2014 if you're in the lodging industry. This high level discussion means you can leave your slide rule and pocket protectors at home! We will focus on how you can put real money back into your pockets.
A Banking Perspective on Historic Tax Credits - Michael TaylorHeritage Ohio
Michael Taylor of PNC Bank discusses the banking perspective on historic tax credits at the Heritage Ohio Historic Tax Credit Workshop in Toledo, Ohio on March 25, 2011
179D Commercial Building Energy Efficient Tax Deductiondloziuk
As part of Energy Policy Act (EPact) of 2005, the federal government passed a tax bill that supports building energy efficient measures. Building owners can qualify for up to $1.80 per sq. ft. in tax deductions when energy efficient measures are installed. Go to http:///www.179d.info for more information on the 179d
Benchmarking Building Energy Performance: A View from EPA’s ENERGY STAR ProgramEnergyCAP, Inc.
This presentation, given during EnergyCAP's Catalyst Training Conference, describes the relationship between EnergyCAP software and the EPA Portfolio Manager benchmarking tool.
Competition Briefing - Open Digital Solutions for Net Zero Energy KTN
This briefing provided more information on the scope and application process for Innovate UK's Small Business Research Initiative (SBRI) competition to develop open software, hardware and data solutions that address the challenges of transforming to a net zero energy system in the UK.
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2022 Rea & Associates' Cybersecurity Conference Rea & Associates
This presentation will give you insights into timely information about current cybersecurity threats faced by small and mid-sized businesses, incident response plans, and Cybersecurity Maturity Model Certification (CMMC) compliance protocols required for government contracts and what you need to do now to protect your business from a cyberattack.
Rea & Associates - 4th Annual Construction KickoffRea & Associates
Rea & Associates is proud to present the 4th Annual Construction Kickoff on Wednesday, January 26, 2022, at The Ohio State University Fawcett Center. Joined by Overmyer Hall and Kegler Brown, this free, in-person event will provide you with high-level updates, open discussions, and exclusive content for business leaders in the construction industry. You can expect a glimpse into the current and future considerations of the construction industry regarding tax, insurance, liability, and more!
This year, we are proud to be back in person for the fifth annual Manufacturing Education Day on October 29, 2021. As the year comes to an end Rea & Associates is thrilled to bring together top industry experts to support the ongoing success of the manufacturing industry.
Whether you manufacture pallets, pivoted your core products, or are looking for great insight, register today to ensure you don’t miss this essential event!
HR Compliance & Insurance Benefit Perspectives: What Employers Should Be Awar...Rea & Associates
Guidelines for employees are constantly changing but it’s important that businesses stay on top of mandates and regulations. What risks should organizations be informed about? Is your organization able to have varied insurance premiums for vaccinated vs. non-vaccinated employees?
Join Rea & Associates and Huntington Insurance for a deep dive into best practices for exposures, insurance perspectives, and vaccine mandates and regulations.
LIVE EVENT - 3rd Annual Fall Construction Risk Update - September 30Rea & Associates
If the last two years have taught us anything, it’s that you can never be too prepared. Rea & Associates is proud to present the 3rd Annual Fall Construction Risk Update event, jam packed with expert commentary and exclusive content for business owners in the construction industry. This year, we’re here to guide you through the changes 2021 brought to taxes, finances, liability, and more and give you a glimpse into future considerations for construction industry leaders.
[ON-DEMAND WEBINAR] COVID 2.0 | Tips To Address New Cases, Mask Mandates, & V...Rea & Associates
Continued hospitalizations, new COVID variants, reemerging mask mandates, and further discussions around vaccination requirements in the workplace make it clear that the COVID crisis is far from over. Needless to say, there's a lot of worry and an avalanche of questions from business owners and community leaders at any given moment. What are you doing to prepare for COVID crisis 2.0?
Join Rea & Associates and Critchfield, Critchfield & Johnston for a free, hour-long webinar that will help your small- to mid-sized businesses prepare for the next wave of COVID while protecting your organization and employees during continued uncertainty. Our HR and legal experts will be on hand to answer your questions regarding new COVID cases, CDC guidelines, FFCRA leave, vaccination requirements, and more
Learn More About The COVID 2.0 Crisis From Industry Experts
Join Renee West, SHRM-SCP, PHR, senior manager and HR consulting lead at Rea & Associates, and Kimberly Hall, chair of the employment law practice group at Critchfield, Critchfield & Johnston, to learn answers to some of the most frequently asked questions regarding COVID this fall. Specifically, during this free, one-hour long presentation, attendees will learn more about:
- How to handle new positive COVID cases among employees.
- Ensuring there is proper COVID protocol established for your organization and safety guidelines already in place.
- Whether your business can require vaccination and if such a policy makes sense for your business.
- Can employers require a vaccine for employees.
- How the delta variant covid threat is different.
- If mask mandates are coming back and whether employers can implement such requirements.
- Insight into OSHA guidance
- What to do to protect your business from a compliance standpoint.
Insight into CDC guidelines, FFCRA, and much more!
The duo will also set aside time during the presentation to answer your questions on the subject of COVID and how your business can address specific challenges.
#COVID2.0 #vaccinations #maskmandates #HRConsulting #OhioCPAF irm
[ON-DEMAND WEBINAR] Revealing The State & Local Tax Considerations Of A Remot...Rea & Associates
Tax Consequences Holding You Back From Deploying A Remote Workforce?
As remote work continues to overtake the traditional workforce, organizations must understand state and local tax considerations for their remote employees before adopting such a policy. Due to quick changes in the work environment and work-from-home arrangements many tax consequences that may result in your business reconsidering the deployment of a remote workforce. Fortunately, state and local tax leader and a principal with Rea & Associates, Kathy LaMonica, will be on hand to explain what businesses are up against. She will also be taking your questions throughout the presentation. Read on to discover what you will hear during this free, hour-long webinar.
State & Local Tax Guidance To Guide Your Remote Workforce Decision
Join Rea & Associates for a free, hour-long webinar to gain insight on tax law updates, remote work implications, what land mines you need to be aware of when registering for payroll taxes in new states, and more. During this event, you will:
- Gain insight on the Wayfair decision, and recent updates that may affect your business 3 years later.
- Take a deep dive into the State and Local direct and indirect tax concerns when hiring remote workers.
- Receive an update on Ohio Municipal Tax legal challenges.
- Tune in for predictions of where the states may be headed with the taxability of services and digital products, and how that may affect your compliance requirements.
- And more!
Kathy, an income principal on the firm's state and local tax team, focuses on sales and use tax consulting, compliance, and implementing technology solutions for businesses and organizations that continue to struggle with the various tax laws found throughout the nation. Since COVID-19 emerged and the topic of working remote took center stage, she has been tracking the implications associated with deploying a remote workforce. You won't want to miss this one!
#ReaCPA #State&LocalTax #RemoteEmployees
[ON-DEMAND WEBINAR] How To Hire More Employees & Keep Them Happy: Tips To Att...Rea & Associates
Businesses are facing a talent shortage as, these days, it's a job-seeking market. Prospective employees are able to be pickier when it comes to choosing the organization they would like to build a career with. From the outside looking in, how is your organization viewed? Attracting and retaining key talent is fundamental to your organization's success. Understanding best practices and following strategic employer resources could lead your organization to become an employer of choice. If you are determined to hire more employees in the coming months or years, register for this free webinar.
Renee West, SHRM-SCP, lead HR consultant and leader of Rea & Associates' HR consulting practice will share tips that will help you better position your organization in today's competitive marketplace. She will also talk about company culture and how yours can help bring more employees in the door and encourage them to stay. These professional services tips will help you identify ideal employees and keep them for the long term.
Hire More Employees With These Learning Objectives
Those looking to hire more employees and keep them happy once they get there to reduce employee turnover should check out this free, hour-long webinar to achieve the following learning objectives. You will:
- Gain insight on strategic recruitment and practices to help attract key talent and retain talent.
- Dive deep into state resources, including Ohio Means Jobs, and credits for employers to grow and develop current employees.
- Learn how to implement internal recruitment programs, including internship initiatives, apprenticeships, and referral incentives.
- Break down employee retention strategies and the benefits and compensation strategies employers should have in place to keep existing employees happy and on the payroll.
- And so much more ...
#ReaCPA #HRSolutions #HireBetter
[ON-DEMAND WEBINAR] Managed Service Providers vs Managed Security Service Pro...Rea & Associates
With an increase in remote work worldwide, data security measures should be top of mind. Ensuring your IT systems are operational, and your data and systems are safe, secure, and compliant should be one of your organization's top priorities. Unfortunately, many businesses, organizations, and entities mistakingly believe that their systems are completely protected by the existing relationships owners have developed with their managed service providers. That's not necessarily the case. Join Rea & Associates' Cybersecurity Services Team for a free, hour-long webinar taking a deep dive into understanding the difference between your Managed Service Providers (MSP) and Managed Security Service Providers (MSSP). Our cyber professionals will tell you everything you need to know when it comes to MSPs vs. MSSPs.
Shawn Richardson, principal and director of cybersecurity and data protection services, and Jorn Baxstrom, a cyber consultant with the firm, experts in the MSSP space, will provide you with insight into the differences of each role. Additionally, they will provide insight that will help you choose the right vendors and third-party service providers when it comes to protecting your organization, employees, and clients.
Plan to sit in on this informative session. Attendees will ...
- Be treated to a deep dive into the differences between Managed Service Providers and Managed Security Service Providers.
- Gain an understanding of your MSSPs role and where they provide support for your security program.
- Discover what the CIA Triad is and why is it important for your organization's cybersecurity infrastructure.?
- And so much more ...
Find out how outsourced cybersecurity services and managed detection and response services are essential to threat hunting and protecting your business. If you would like to learn more about MSPs vs. MSSPs, check out the following resources, including the following episodes from Rea & Associates' award-winning weekly business podcast, unsuitable on Rea Radio:
https://www.reacpa.com/insight/episode-276-msp-versus-mssp-whats-the-difference/
https://www.reacpa.com/insight/are-you-managing-your-cybersecurity-risk-exposure/
https://www.reacpa.com/insight/perspectives-what-does-the-it-department-do/
#MSSP #CyberServices #BusinessProtection #ReaCPA
[ON-DEMAND WEBINAR] CPA Pros Prepare For The 2020 Medicaid School Program (MSP)Rea & Associates
Clarifying The Cost Report, Agreed-Upon Procedures, And More
It feels like we just completed the round of Medicaid school program (MSP) cost reports and agreed-upon procedures for the period ending June 30, 2019 – and here we are starting the process of collecting data for the period ending June 30, 2020. The completion of the June 30, 2019 engagements resulted in the Ohio Department of Medicaid issuing approximately $75 million in cost settlements! We know how important this program is to all of you, and we want to work with you to get this next round completed.
To get ready for this next round, we would like to invite all of you to this free, hour-long webinar. The MSP team from Rea & Associates will provide you tips for preparing for this round of agreed-upon procedures, a section-by-section update, and common issues we identify during the engagement.
Find out why it's important for iep parental consent and how agreed upon procedures can put your district in a position to succeed.
Ready To Learn About The 2020 Medicaid School Program?
During this free, hour-long webinar for Ohio school districts, you'll:
- Gain insight on how to prepare for agreed-upon procedures.
- A section-by-section walkthrough with industry professionals and tips on how to identify and avoid potential hurdles.
- Insight on common issues that may arise during the engagement.
- And so much more ...
This informative webinar is presented by two leaders on Rea & Associates government services team, Zac Morris and Ken Richards. The duo is coming prepared to present the insight and technical information you need to ensure compliance with the 2020 Medicaid School Program. For more information, visit the Rea & Associates' website at https://www.reacpa.com.
As a top 100 CPA firm and professional services organization, Rea's government services team is committed to providing you with the tools and insight you need to drive effectiveness and efficiency throughout your entity.
#MedicaidSchoolProgram #CostReporting #AgreedUponProcedures #ReaCPA
[ON-DEMAND RECORDING] Deep Impact: Is Your Manufacturing Company On A Collisi...Rea & Associates
CMMC (Cybersecurity Maturity Model Certification) brings together a standard for the implementation of cybersecurity for those companies doing or wanting to do business with the Department of Defense (DoD). The framework includes comprehensive, and scalable certification elements to verify your implementation of process and practices associated with the cybersecurity maturity level your organization needs to achieve to win proposals. This on-demand webinar presentation featuring Andrew Geiser, a senior manager on Rea & Associates' manufacturing and distribution team, and Ty Whittenburg, a senior information systems analyst on the firm's cybersecurity and data protection, will explain how will CMMC impact manufacturing companies. The duo will also go through the various levels associated with CMMC and explain how to know which CMMC level you need based on your company's business model.
This presentation is co-sponsored by Rea & Associates and the Southeast Ohio MEP and is designed to provide insight on CMMC standards for your Manufacturing organization.
During this free webinar, you will hear how CMMC compliance aligns with NIST 800-171, NIST 800-53, and whether your organization need to comply with specific CMMC levels, including CMMC level 3.
For more information, contact Andrew or Ty directly or visit https:www.reacpa.com for more.
#CMMC #DepartmentOfDefense #cybersecurity
[ON-DEMAND WEBINAR] Security Wars: Episode 2 | CMMC: Return of The Process Fo...Rea & Associates
Use The Process To Drive A Culture Of Growth & Security Within Your Organization
Present-day in our galaxy, right here…
The US Department of Defense (DOD) recently developed and established the Cybersecurity Maturity Model Certification (CMMC) as the new standard for the Defense Industrial Base (DIB). More plainly, it’s a certification process that provides assurance to the DOD that a required entity is equipped to protect unclassified information, including any data that transfers between its vendors and partners.
That’s a simplified definition of what a CMMC is and it already sounds complicated. It doesn’t have to be, though. Etactics and Rea & Associates have joined forces to break down every facet of this new certification into a comprehensive webinar series entitled Security Wars.
Return Of The Process
The second webinar in our Security Wars series guides you through the process of establishing an organizational culture that supports a CMMC. Matt Moneypenny, senior marketing & sales analyst at Etactics, Ty Whittenburg, senior information assurance manager at Rea & Associates, and Zach Getz, senior software developer at Etactcs, place a keen focus on workflow enhancements and process improvements that have a lasting impact on your cybersecurity.
Who Should Watch?
If you are one of the more than 221,000 suppliers to the Department of Defense (big, small, prime, or subcontractor); if you handle any Federal Contract Information (FCI) or Controlled Unclassified Information (CUI), or if you need to become certified to bid on and receive contracts this year and into the future, this webinar series is tailor-made for you.
Learn You Will ...
By the end of this webinar, participants will be able to...
- Align organizational processes with CMMC guidelines.
- Foster a culture of support for CMMC.
- Plan growth and maturity through CMMC accreditation.
If you would like to learn more about CMMC compliance, what your CMMC assessment, or NIST 800-171, contact Rea & Associates or Etactics today.
https://www.reacpa.com
#CMMC #CybersecurityMaturityModel #SecurityWars #ReaCPA
Large-scale cyber-attacks continue to take down businesses large and small. What are you doing to protect and manage the cybersecurity risk exposure of your business in the event of a cyber-attack in accordance with new government guidelines?
During this free, 45-minute webinar, cyber professionals from Rea & Associates and Oswald Companies provide you the insight necessary to identify risks to your existing cybersecurity and data protection framework, protect your company from bad actors, and adhere to the Department of Defense's regulations.
What You'll Learn About Cybersecurity Risk Exposure
By the end of this informational webinar, participants will be able to ...
- Gain insight on current ransomware breaches and the existing cybersecurity threat landscape while touching on the recent Microsoft Exchange and Solarwinds hacks.
- Understand the best controls and processes for your company and how to determine your organization's cybersecurity model.
- Determining your organization's cybersecurity maturity and the best cyber policy for your current needs while making room for growth.
During this webinar, you will also hear cyber liability insurance explained by cyber insurance experts from Oswald companies. You'll learn the ins and outs of asset management so if a data breach ever does occur in your company, you'll be ready. Furthermore, you'll discover the importance of a thorough risk assessment and how to move forward with one of your own. Don't miss this free webinar!
If you would like to learn more, visit https://www.reacpa.com.
[ON-DEMAND WEBINAR] Covid Vaccine & HIPAA: Can Employers To Receive The COVID...Rea & Associates
As the COVID-19 vaccine continues to roll out, understanding how to navigate and conduct neutral conversations in the workplace is becoming a priority. How can you inform your employees about vaccine options, but stay HIPAA compliant and abide by legal limitations? Are you allowed to require employees to be vaccinated? What can you ask your employees about their vaccine history?
Join Rea & Associates and Critchfield, Critchfield & Johnston for a free, hour-long webinar, to gain insight about the COVID-19 vaccine, employer and employee resources from a human resource and legal perspective, CDC guidelines for continued employee safety, and more!
This informative webinar presented by Renee West, SHRM-SCP, PHR, a senior manager and HR consulting lead at Rea & Associates, and Kimberly Hall, a legal expert with Critchfield, Critchfield & Johnston, Ltd., will address the following points.
What You'll Hear About The COVID Vaccine:
- How mandating a vaccine could impact employee relations.
- Guidance on how to navigate and conduct employee discussions about the vaccination.
- Gain insight on best practices and the legal limitations on mandatory vaccination policies.
- Whether is it legal for employers to mandate that employees receive the COVID-19 vaccine as a condition of employment?
- Employer and employee resources regarding COVID-19 vaccines, CDC guidelines for continued employee safety, HIPAA compliance.
- Additionally, the duo will set aside a significant portion of time to address your specific questions at the end of their formal presentation.
- Changes made to the FFCRA.
If you would like to learn more about this topic or Rea & Associates, visit https://www.reacpa.com.
#COVIDvaccine #HRcompliance #FAQ
The Not-So-Obvious Business Implications Of Remote Work:
Organizations of all sizes continue to transition their employees to remote work. While technology may make this type of shift easy, handbook updates, state and local tax considerations, and payroll challenges present areas of concern. This webinar will help owners think about the impact remote work policies might have on your organization.
First, seriously consider whether this type of workplace flexibility is right for your business or organization. Then, upon deciding to move forward, think about the advisors you'll need to reach out to for help. Your advisor team should work to identify a solution that works in the company's financial best interest while maintaining compliance with all applicable tax laws. Of course, be sure to always review your company's existing policies before forging ahead. Finally, think through the importance of writing new guidance for employees to follow and the protection you need to secure for ongoing business protection.
Join Rea & Associates for a free, hour-long webinar, to gain insight from a State & Local Tax perspective. Then you'll gain the insight necessary to better understand policies and procedures from a Human Resource professional. Wrapping up, our trio of subject matter experts will review some of the biggest land mines you need to be aware of when registering for payroll taxes in new states, and more!
What You'll Hear
During this presentation, you'll hear about the impact remote work could have on your various parts of your organization, including your:
- Tax Bill - Learn why employing out-of-state team members may impact your business's tax liability. Be sure to understand how a remote work relationship could trigger nexus in new states.
- Company Logistics - Prepare for new “work-from-anywhere programs” and how to manage employees who have decided to work remotely.
- Employee Handbook -What policies and procedures should employers consider pertaining to the remote work environment? Employee accountability, work schedules, performance metrics, and communication timeliness should all be addressed.
- The Rea team and professional services experts will also touch on various other HR policies, sales tax, income tax, and payroll considerations when it comes to managing remote employees
Listen to this episode to learn more or check out the Rea & Associates' website at https://www.reacpa.com to discover how our team of experts can help you!
#WorkingRemote #Nexus #HRconsiderations
EPISODE 1 | Security Wars: A New Goal: CMMC Compliance & Department of Defens...Rea & Associates
Present-day in our galaxy, right here …
The US Department of Defense (DoD) recently developed and established the Cybersecurity Maturity Model Certification (CMMC) as the new standard for the Defense Industrial Base (DIB). More plainly, it’s a certification process that provides assurance to the DoD that a required entity is equipped to protect unclassified information, including any data that transfers between its vendors and partners.
That’s a simplified definition of what a CMMC and CMMC compliance is and it already sounds complicated. It doesn’t have to be, though. Etactics and Rea & Associates have joined forces to break down every facet of this new certification into a comprehensive webinar series entitled Security Wars.
The first webinar in our Security Wars series serves as a necessary introduction to CMMC. Join Matt Moneypenny, senior marketing and sales analyst at Etactics, and Ty Whittenburg, senior information assurance manager at Rea & Associates, as they unpack the DoD’s newest standard by starting with its three maturity levels and their implications on data protection.
#SecurityWarsSeries #CMMC #Cybersecurity
Learn more about Rea & Associates at https://www.reacpa.com
Discover how Etactics can help your business at https://etactics.com/
[ON-DEMAND WEBINAR] Understanding SOC2: A SOC 2 Guide for Managed Service Pro...Rea & Associates
As a managed service provider, securely managing your data to protect the interests of your organization, reinforce the integrity of your business, and ensure the data security of your clients can be a challenge – but it is possible. During this free, hour-long webinar, Brain Garland and Paul Hugenberg, leaders on Rea & Associates' cybersecurity and data protection team, will guide you through SOC 2 compliance, and how this incredible tool can help you leverage your existing data security framework and business model to ensure long-term organizational success and sustainability.
Join us to learn:
- What SOC 2 is and what it is specifically designed to accomplish.
- How SOC 2 can improve your organization’s safety, credibility, and overall profitability.
- When a SOC 2 absolutely necessary to a business’s long-term financial and organizational wellness.
- How CMMC Works With SOC2
To learn more about SOC2, visit https://www.reacpa.com/contact-us/ to reach out to a member of our team.
#SOC2 #ReaCyber #ReaCPA
[ON-DEMAND WEBINAR] Third Annual Construction Industry Kickoff | Rea & Associ...Rea & Associates
After the year we've had, it's only natural to be a little cautious going into 2021. Rea & Associates and Overmyer Hall Associates want to help you start the new year on the right foot with our third annual Construction Kickoff. This year, we will be hitting on best practices and recommendations regarding tax, surety bonds, risk management, PPP, and more. Don't miss this essential event for construction industry leaders.
Presented by Rea & Associates and OBermyer Hall Associates, this three-hour presentation features Doug Houser, Scott Bechtel, Jack Kehl, David Catanese, and Joe Urquhart. The format of the presentation is as follows:
- Economic Outlook and Financing
- Surety Outlook for 2021 and Aftermath of COVID
- Tax Update, Overall Update (PPP, Biden Tax Plan, etc.)
- Risk Management, Need-To-Knows For Insurance Companies
View the presentation today to collect the information necessary for building a successful year in the construction industry.
#ReaCPA #ConstructionBusinessTips #OhioCPAFirm
[ON-DEMAND WEBINAR] New Year, New COVID 19 Vaccine, New Unemployment Rules, N...Rea & Associates
Ringing in the new year is a lot different this time around, particularly if you are a business owner trying to make sense of human resources updates. The rules are a lot different from what they were a year ago and now business owners must shuffle through a slew of updated HR policies and best practices to ensure compliance with ever-changing legislation. Renee West, SHRM-SCP, PHR, senior manager and leader of Rea & Associates' HR consulting services practice, has been committed to following federal and state-wide legislation in order to provide you with key updates to ensure ongoing compliance in your organization.
During this free, hour-long webinar, Renee will go over:
- FFCRA Leave updates and unemployment extension information PUA unemployment details, and unemployment benefits
- COVID 19 vaccine resources for employers
- 2021 HR policies
- Best practices to mitigate risk in 2021.
- And more ...
For more insight into the HR considerations for businesses, visit https://www.reacpa.com
#ReaCPA #HRCompliance #COVIDCrisis
[ON-DEMAND WEBINAR] Next Steps In COVID 19 Protocols & ComplianceRea & Associates
The COVID-19 (coronavirus) crisis continues to show no signs of slowing down and as we proceed toward year-end, businesses continue to be tasked with the seemingly impossible task of maintaining the safety of their employees and customers, while ensuring that the business stays operational. Renee West, HR consultant at Rea & Associates and regional expert in the areas of COVID-19 protocols, human resources compliance, and local, state, and federal safety guidelines will once again share critical insight to help your organization persevere throughout the month of December and beyond.
Join us for this free hour-long on-demand webinar to hear:
- COVID-19 protocol updates and continued compliance resources for employers and employees as cases continue to spike.
- FFCRA leaves and discussion about whether they will be left to expire or will they be extended.
- CDC updates and state mandates pertaining to COVID-19.
#HRBestPractices #COVID19 #ReaCPA
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Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
3. • Senior Manager at Specialty Tax Group (STG)
• Responsible for technical operations of R&D
• 10+ years of experience in the Specialty Tax Services industry
• Expert:
– R&D Tax Credit, Training Credits, Job Creation Tax
Credits; and
– Federal Work Opportunity Tax Credit, Indian Employment
Tax Credit, Empowerment Zone Tax Credit
• The University of Georgia – Business Management (BA)
Brian Wages
Tax Credits & Incentives Specialist
Phone: (770) 855-2770
Brian.Wages@specialtytaxgroup.com
Brian E. Wages
6. A detailed analysis of all of the hard and soft cost associated with
construction of an asset into appropriate depreciable life; typically 39 & 27.5
year to a shorter life 5, 7, or 15 year.
Applies to new construction, leasehold improvements or purchase of existing
properties in current AND prior tax years.
A study can be preformed on an asset that was placed in-service as far back
as 1987
Cost Segregation
7. Primary Goal: identify all property related cost that can be depreciated faster then the
Real Property designation (5, 7 or 15 year tax life)
Earlier deductions increase current year cash flow
The net present value (NPV) create a time value of money benefit
Saving a dollar today is worth more then saving a dollar in 27.5 or 39 years from
now.
Benefits: identify all property related cost that can be depreciated faster then the Real
Property designation (5, 7 or 15 year tax life)
Accelerates tax deductions
Increases cash flow in a time that credit is tight
Allows for more accurate bookkeeping of tax fixed assets
Ability to easily utilize partial disposition election moving forward
Cost Segregation
8. Newly constructed facility
Expansion of a facility
Newly purchased facility
Large $ amount in CIP
Many locations (Stat
Sample)
Significant long life property
Taxable entity
Profitable Companies
Companies looking to
improve cash flow
Triggers for Cost Segregation
10. – Concrete walls and floors
– Structural steel
– HVAC for human thermal
comfort
– Plumbing for HVAC and
restrooms
– General building electrical (Non-
dedicated to personal property)
– Base building lighting and
security lighting
– Doors & hardware
– Drywall
– Roofing
– Windows
Anything that is permanent or necessary for the operation of the building
Section 1250 Real Property (39 or 27.5)
11. Tangible Personal Property
– Must not be land or a land improvements
– Often times these are “movable and reusable”
– All items of machinery
– Must not be a structural component
• Examples: Electrical Conduit and Wiring to Process
Equipment, Process Piping, Special Equipment Foundations,
Decorative Accent Lighting, Millwork, Carpet/VTC, Blinds
Section 1245 Real Property (Short Life)
12. $5 million apartment building placed in service in 2022
Without a Cost Segregation Study the costs are depreciated
straight line over 27.5 years.
Purchase Price $5M (excluding land)
Example – Cost Seg
13. Of the $5 Million:
$700,000 depreciated over 5 years
$600,000 depreciated over 15 years
$3,700,000 depreciated over 27.5 years
Increased Depreciation Deductions in the first 5 years: $1,100,000
Short Life assets get 100% bonus
Projected NPV Benefits: $300,000
Example – Cost Seg
15. How to get started
• General Rule – When does Cost Seg start to
make sense
• Basis over $750,000
• Holding the Property longer than 5 years
• Cost Seg Process:
• NPV & Benefit Proposal – FREE
• Data Gathering
• Data Review / Analysis
• Site Visit
• 30-60 Days to complete a study
• * Accounting Method Change Form 3115
• How can you tell if there is a good Cost Seg
opportunity? Complete the RFI ->
17. What are Qualified Activities?
1
7
Q: Is my client eligible for the Research & Development Tax Credit?
A: Must do Qualified Research Activity’s (QRA’s)
Q: How do I know if the activities are Qualified Research Activities?
A: Must satisfy the 4-Part Test
19. Example Qualified Activities for the Manufacturing Industry
1
9
Developing new or improved products, processes, or formulas
Designing tools, jigs, molds, and dies
Improving product quality and/or yields
Developing, implementing, or upgrading systems and/or software
Performing alternative material testing
Testing new concepts and technology
Developing patents
Performing environmental testing
20. R&D Tax Credit Steps
2
0
1. Discovery meeting in order to qualify the opportunity.
2. During the call, we will discuss the type of activities that qualify and brainstorm if any
activities that occurred in the tax year qualify.
3. Also during the call, we will discuss the costs that can be included in the calculation
and then provide a template for the taxpayer to provide the data.
4. Once data is provided, we will provide a credit estimate and fee amount, allowing the
taxpayer to make a decision on if it makes sense financially to move forward.
5. Once signed engagement letter is received, taxpayer will provide the project details
using a template sent by STG and the final calculation and/or full study report is
completed and delivered.
21. Qualified
Supply
Costs
• Amounts paid for tangible
property (other than land or
improvements to land) used
in conducting or supporting
qualified research.
Qualified
Wages
• W2 box 1 wages of internal
employees that are engaged in
research, qualified support of
research, or direct supervision
of research multiplied by the
percentage of time spent on
qualified research activities.
Contract
Research
Expenses
• 65% of amounts paid to third
parties vendors for
conducting or supporting
qualified research activities.
22. State Research and Development Tax Credits
22
In addition to the federal credit, many state governments
have incentives that dovetail with the federal R&D
credit.
Approximately 36 of the states have this credit: Alaska,
Arizona, Arkansas, California, Connecticut, Colorado,
Delaware, Florida, Georgia, Hawaii, Idaho, Illinois,
Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Maryland, Massachusetts, Minnesota, Nebraska, New
Hampshire, New Jersey, New Mexico, New York, North
Dakota, Ohio, Pennsylvania, Rhode Island, South
Carolina, Texas, Utah, Vermont, Virginia, Wisconsin
23. Ohio R&D Tax Credit
2
3
Requires same information to calculated as Federal Credit Alternative Simplified Credit (ASC)
Flat 7% of the difference between current year expenditures minus the previous 3 year
average.
Only Qualified Research Expenditures for services IN OHIO are included.
Credit is applied against the Commercial Activity Tax (CAT).
24. R&D Credit for Start Ups
2
4
Start-Up Companies
– Must have generated revenue for 5 years or less
– Can be used against payroll taxes (employer portion of social
security liability)
– Company must have less than $5 million in revenue each year
that the payroll offset is claimed.
– Up to $250,000 (increasing to $500,000 in 2023 as a part of the
IRA) per year, for 5 years
25. Tax Law Updates – R&D
2
5
IRS Guidelines released October 15, 2021 specified what must be included for a R&D refund
claim to be valid
– Identify all the business components to which the Section 41 research credit claim relates for
that year.
– For each business component, identify all research activities performed and name the
individuals who performed each research activity, as well as the information each individual
sought to discover.
– Provide the total qualified employee wage expenses, total qualified supply expenses, and total
qualified contract research expenses for the claim year. This may be done using IRS Form 6765.
IRS will provide a grace period (until January 10, 2022) before requiring the inclusion of this
information
There will be a one-year transition period during which taxpayers will have 30 days to perfect a
research credit claim for refund prior to the IRS' final determination on the claim.
26. Tax Law Updates – R&D
2
6
Currently, the tax law states that it will be required to amortize research and development
(R&D) expenses over five years, instead of taking immediate deductions starting in tax year
2022.
There is still hope that this change will be pushed back (to 2025 or indefinitely).
How do we plan for this in the meantime?
28. 179D Tax Deduction - Commercial Structures
2
8
Manufacturing facility building owners can deduct up to $1.80 (adjusted for inflation to
$1.88) per square foot of qualifying buildings through §179D.
Building owners can qualify for up to $1.88 per square foot deduction for installing
specific improvements (~$0.60 per component).
Projects must reduce energy consumption in any of the following areas:
• Interior Lighting System
• HVAC System
• Envelope (building shell)
29. 179D Tax Deduction – IRA Impact
2
9
The current version of §179D will remain in effect for properties placed in service in 2022, the
major changes to the §179D are the following:
– Energy efficient commercial buildings placed in service after January 1, 2023, will have the
opportunity to qualify under the new IRA provisions and with a potential increase in the
§179D deduction up to a maximum $5.00/SF.
– A special provision for an alternate performance-based qualification methodology will be
enacted for retrofitting of commercial buildings.
– Commercial buildings will be able to be certified and qualified for 179D benefits more than
once. Following the original certification, the properties may again be re-certified, for new
capital energy efficient improvements, once every three years.
– Standards for a qualifying property will increase. The degree to which will become more
clear once the guidelines are released by the DOE/Secretary.
30. Solar Investment Tax Credit (ITC-Section 48)
3
0
A business that installs, develops and/or finances solar property
Credit is equal to 30% of the cost of the system
Renewed and improved by IRA
33. Negotiated Incentives (Ohio)
3
3
Must be bargained for and secured with the unit of government. In Ohio, most state level
programs must be agreed upon up-front (Job Creation Tax Credit, CRA, Rural Business Growth
Program).
It is most advantageous to bring in State Level (see JobsOhio Network Partners below) and Local
(City and County) Economic Development Contacts
34. Negotiated Incentives Factors
3
4
The authorities are looking for the following in order to make a benefit
offer:
– Job creation (at least 15 over a 3-5 year span)
– Job Retention
– Average wage
– Capital investment (broken down by M&E and building costs)
– Industry
– ROI for the jurisdiction
– Location - Is it a distressed area?
35. Different Types of Negotiated Incentives
3
5
Income tax credits or refunds
Real & personal property tax incentives
Sales tax rebates & exemptions on
purchasing specific items
Training grants, educational partnerships,
& recruiting assistance
State owned infrastructure
Cash grants
Withholding tax rebates & exemptions
Leveraged zoning & expedited permitting
Utility incentives
36. Ohio / USDA Grants for Meat & Poultry Processors
3
6
Grants and loans from Ohio and the USDA are released periodically.
Typically, there are 1 or 2 rounds where there is an application deadline and then award
announcements, and then once the funds are gone, the program is over and the taxpayer
waits for another program to be announced.
This is a competitive process where the best applications receive the award.
STG’s role: application assistance, government correspondence, & compliance.
37. Questions to Ask
3
7
Is your company in a tax paying position?
Has your company acquired, built, or renovated the manufacturing facility in the last 5-7
years?
Does your company plan to relocate, expand, or build an additional facility in the next 2-3
years?
Did your company develop a new or improved product or process in 2022?
Has your company installed or plan to install any green systems such as energy efficient
lighting, HVAC, or solar panels?
42. Dustin M. Raber
Started my 15th year at Rea yesterday!
Principal
Focus at Rea: Consulting, Manufacturing, Auditing and Accounting
CPA, CMP, and Six Sigma Green Belt
Wooster Office Manager
Enjoy hunting, fishing, and spend time with my family.
44. Current State of the U.S. Economy
Supply Chain Disruption
Rising Inflation
8.3% as of August 2022
Rising Interest Rates
3.25% as of September 21, 2022
• Federal Reserve meeting two more times in 2022:
– November 1-2
– December 13-14
Rising Employee Costs
Possible Recession
Two consecutive quarters of negative GDP growth
Based on U.S. Bureau of Economic Analysis:
– Q1 2022: -1.6%
– Q2 2022: -0.6%
45. How will this impact my business
Inventory:
Significant balance on the balance sheet
• “Makes me feel good!”
Eats up cash
Can dramatically effect profit/loss
Cashflow:
Result of profitability
Diminish your competitive advantage
Limit future opportunities
• “Hamstring my business”
46. Inventory Management vs Supply Chain
Management
Inventory Management:
Umbrella term for the procedures and processes that affect ordering, receiving, storing, tracking and account for all
of the goods a business sells.
Supply Chain Management:
Supply chain management oversees the flow of products from raw goods and production sourcing through final
distribution.
For a small business, supply chain and inventory management procedures easily blend together.
47. Inventory Management:
What is the right level of inventory to hold?
“Just-In-Time” or “Just-In-Case”
• Supply Chain Management
Are you actively reviewing inventory movement?
What is slow moving?
• Slow Moving = Poor Cashflow
48. Inventory Management (Cont.)
Do you prune the bottom 10% of your manufactured products?
What items should we quit manufacturing?
• Can be part of your slow moving inventory issue!
Do you truly know what your costs are?
How quick can we push increased costs to our customers!
• “The days of 1-2 price adjustments annually are over!”
49. Cashflow Management:
How are you managing your inventory levels?
What is the right level of inventory to hold?
How are you monitoring your Accounts Receivable?
Are you becoming the bank for your customers?
How quickly are you paying on your Accounts Payable?
Are you trying to match up your payments with when you are receiving customer payments?
50. Cashflow Management (Cont.):
How often are you making distributions out of the Company?
Are you spreading these out or timing these when cashflow is strong?
How are you managing your relationship with your bank?
Are you utilizing your Line of Credit periodically to show you still need it?
Do you have the proper amount of leveraging to help with cashflow?
Are you planning on retaining employees all your employees?
Are you evaluating your team to know if things begin to tighten who would be let go?
51. Ways you can Improve your Cashflow
Track Your Cashflow
What KPI’s are you monitoring?
• Inventory Days
• A/R Days
• A/P Days
Review Your Expenses
Do you prepare a budget?
Reduce Waste
Have you looked at lean manufacturing?
52. Ways you can Improve your Cashflow (Cont.)
Renegotiate With Suppliers
Offer Discounts For Early Payments
What discount are you willing to give to help cashflow?
Accept Multiple Forms Of Payment
Credit, ACH, other electronic payments
Be Proactive With Late Payers
“Who is your bulldog”
• Is it the right person for the job?
53. Manufacturers are better prepared this time!
2008:
Weaker Balance Sheets
Highly Leveraged with Debt
Were Not Prepared
2022:
Stronger Balance Sheets
Low Debt Leverage
Experience from 2008!
• Let’s learn from our mistakes!
• Better ability to “pivot” or “adapt”
• Recession readiness plan!
61. Basic information security
fundamental
controls in
place
On-site data centers
Physical access controls
Restricting access to buildings
and key IT areas coupled with
monitoring
Procedural controls
Security awareness, training,
management oversight, incident
response
Technical controls
Multi-factor authentication, anti-
virus/malware, need-to-know
access, change controls
Compliance controls
Periodic assessments,
imposition of security rules, and
periodic audits
On mobile devices
In the cloud
In backups/copies
wherever the
data is.
To support confidentiality, integrity, and availability, you need…
62. 1. What information and systems are most important to you?
2. What information and systems might you be required to protect?
3. Is access to information and systems properly maintained?
4. How is information and systems protected against threats?
10 questions to determine risk
5. Is data complete and accurate?
6. What change controls exist over information and systems?
7. Is data protected throughout its life cycle?
C
I
A
8. Is data readily available to make business decisions?
9. Are routine, secure, and tested data backup procedures in place?
10. Are systems properly patched and up-to-date?
63. Case study
Client with over $4
billion in assets
Executive laptops
Threat actor got access
Threat actor got admin
access to other stuff &
removed data
Lessons learned
Lack of fundamental control Result
No regular updates or
patching of key systems
A single system was exploited,
allowing threat actor to attack
several other devices
User access was not
managed
A single user was never
removed after termination;
user’s access was used by
threat actor to execute attack
No change control or
monitoring processes
Notifications were not followed-
up on; software added without
IT; logs were deleted
Lack of data management Unable to rapidly gather data
sets to isolate, validate, or
confirm if a breach occurred
64. How can we help you?
PROTECT YOUR DATA & YOUR ORGANIZATION
We are committed to providing you with the right amount of
information security coverage to protect your organization
while providing the tools and peace of mind needed to help
you grow safely – all without having to spend an exorbitant
amount of capital to do it.
WHO DO WE SERVE?
Our service offerings are ideal for organizations that currently
operate without an integrated information security
framework, readily available expertise to build or enhance
their information technology protection practices including
data governance, risk management, and regulatory
compliance, or a strategic capital investment plan to meet all
or part of these objectives.
WHY WORK WITH US?
Our licensed and certified professionals possess extensive
experience in the areas of business process, systems
security architecture, and governance frameworks. We are
known for our technical expertise, integrity, and
demonstrated delivery excellence!
WHAT ARE OUR SERVICES?
We are an IT risk management practice that focuses on what
matters most to you! Our service offerings include:
Virtual Services
• Vendor RFP & selection support • Virtual Chief InfoSec Officer
• Security Awareness Training • Virtual Chief Information Officer
Governance, Risk Management, & Compliance
• Cybersecurity Maturity Model Cert (CMMC) • Financial audit support
• Systems Security Risk Assessments • Third-party risk assessment
• IT General Controls review • SSAE 18 SOC reporting
• Framework controls gap analysis • Cyber data analytics
Technical Security
• Managed Security & IT Services • Penetration testing
• Digital forensics • Vulnerability scanning
• User access reviews
78. 20-20
VENTURES
TAKE A HARD LOOK AT YOUR BUSINESS
Level 5
Level 4
Level 3
Level 2
Level 1 1
2
3
5
4
You are
here.
• Leadership
• Strategy
• Processes
• Roles
• Decisions
82. 20-20
VENTURES
ANTICIPATE THE JOURNEY
Leadership Buy-In &
System Impact
Planning
OVER
Communicate
“The What’s Next”
Showcase
Quick Wins
Re-Iterate When
It’s Not Working
Save Time
Save Money
Save Headache
92. 20-20
Analytics
Andrew James
The in-house expert on analytics,
product costing and financial
analysis. A CFO who can write
code is rare. Andrew's done it at
startups and multi-billion-dollar
firms.
93. 20-20
Analytics
We guide business owners into
what’s possible.
Advisory Services &
Change Management
Business
Intelligence &
Financial Analysis
Investments For
Growth or Stability
Digital Marketing &
Sales
96. 20-20
Analytics
How Finance Teams Spend Their Time
48%
3%
32%
27%
18%
69%
Creating and
updating reports
Analyzing and
interpreting information
Interacting and communicating
with the business
Source: Deloitte. 2018. Amounts do not foot.
Current time spent Preferred time spent
97. 20-20
Analytics
SYSTEMS, PROCESS, PEOPLE, DATA
Most organizations start
here, but insightful
dashboards should be the
result of proper systems,
processes and
organizational culture.
DATA
VISUALIZATION
Does accurate data lives in
a flexible, retrievable
environment?
DATA
INTEGRITY
Does your organization
have common data
management processes?
Or is it siloed by
department? Or do
processes not exist for
insight development?
DATA
PROCESSSES
How leaders rely on data
to make decisions in an
organization indicates how
well an analytics program
will be adopted.
DECISION
MAKING
Do systems and projects
align with strategy? Have
advanced features been
deployed?
SYSTEMS
& DEV
Pillars of Analytics
98. 20-20
Analytics
Our Typical Approach
What reporting are you
using today? Is your
organization ready for
analytics?
DISCOVER
Agree on what we’re
building and the goals
we’re trying to
accomplish.
SCOPE
We build out-of-the-box
or custom solutions
based on scope from
your team.
BUILD
We train your teams how
to use and even build
their own tools.
DEPLOY
1 2 3 4
99. 20-20
Analytics
Eliminate repetitive
human tasks.
Save time gathering
information.
Reduce headcount.
Provide greater insights to
leadership.
Real-time reporting
anywhere.
“One source of truth.”
Lay the foundation for a
culture of analytics.
Train people how to use
analytics tools.
Build with future in view.
Our Goal With Analytics
105. 20-20
Analytics
45-60 day close cycle. Tedious manual
processes and no time to react.
PROBLEM
AUTOMATE THE
FINANCIAL CLOSE PROCESS
Directly connect to ERP for entire close
process including management reports.
SOLUTION
3-day close cycle. Leaders have insights to
make business decisions timely.
RESULT
Live Demo
Live Demo
106. 20-20
Analytics
Machine operators have no visibility to their
performance on a production line.
PROBLEM
MONITOR MACHINE THRUPUT
Mount TV screens on the production line to
monitor performance and job details.
SOLUTION
Supervisors proactively solve issues. Cost and
production standards are updated for better
planning and profitability analysis.
RESULT
Live Demo
107. 20-20
Analytics
Management had no visibility of productivity
in their business unit.
PROBLEM
EVALUATE TRENDS OVER TIME
A report that pulls in job details and labor
activity from Epicor.
SOLUTION
Benchmarks established by shift. Individuals
and teams try to win their day.
RESULT
Live Demo
108. 20-20
Analytics
Audit teams spend hours digging through
information to find exceptions.
PROBLEM
DON’T HUNT FOR EXCEPTIONS
Exceptions rise to the surface in a real-time
dashboard.
SOLUTION
Teams spend their time solving root causes
for future prevention of mistakes.
RESULT
Live Demo
109. 20-20
Analytics
Managing expenses of a capital project were
manual and hard to find.
PROBLEM
TRACK PROJECT EXPENSES
Match expense details and project budgets
directly in BI.
SOLUTION
Project managers review expenses and in-
service dates proactively.
RESULT
Live Demo
110. 20-20
Analytics
Manual process of saving invoice
attachments from emails.
PROBLEM
A Power Automate flow that
automatically saves off all invoices to
the right folder.
SOLUTION
Invoices are saved into individual
folders allowing AP Processers to key
invoices directly into ERP.
RESULT
113. Enterprise Resource Planning Panel
Jim Smucker
Keim Lumber
Phone: (330) 893-2251
Jim.Smucker@keimlumber.com
Mike Swartzentruber
Pioneer Equipment Co.
Phone: (330) 516-1152
Mikes@pioneercorp.us
Cheryl Coblentz
Rea & Associates
Phone: (234) 249-3463
Cheryl.Coblentz@reacpa.com
Colin Neidert
20-20 Ventures
Phone: (937) 218-3510
Colin@20-20Ventures.com
Editor's Notes
No slide master
General Rule – When does Cost Seg start to make sense
Basis over $750,000
Holding the Property longer then 5 years
Scalability - We can do a “Desktop” review for smaller newly constructed projects. It is the Cost Seg version of “calculation only”
Cost Seg Process:
NPV & Benefit Proposal – FREE
Data Gathering
Data Review / Analysis
Site Visit
30-60 Days to complete a study
* Accounting Method Change Form 3115
What do you prefer folks do if they think they have an opportunity?
Complete the RFI ->
Recession
Inflation
Interest Rates – Will rising interest rates uncover weakness in the financial market?
Employee Costs
Supply Chain
Recession
Inflation
Interest Rates – Will rising interest rates uncover weakness in the financial market?
Employee Costs
Supply Chain
Recession
Inflation
Interest Rates – Will rising interest rates uncover weakness in the financial market?
Employee Costs
Supply Chain
This is true of all teams.
Most companies aren’t ready for visualization yet. But competition will continue to move down the path of advanced reporting tools (AI, Bots, etc.). Those will equate to real cost savings – as finance/data gathering organizations are replaced with machines. Those savings can be re-invested into the business and market positioning.
Before you can get into analytics, you have to realize – often systems, processes and decision-makers aren’t ready.