Manufacturing

How Research and Development Tax Credits Offset Small Business Payroll Taxes

The research and development tax credit was created in 1981 to encourage the development of new products, processes and computer software in the United States. Prior to the 2015 Protecting Americans from Tax Hikes (“PATH act”), the R&D credit could be used only to offset Federal Income Tax. There was no dollar limit on the […]

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New Proposal for Classification of Balance Sheet Debt

Debt and the classification of debt on classified balance sheets has been scrutinized and analyzed over the years and is currently based on rules based guidance provided by Accounting Standards Codification (ASC) Topic 470, Debt. The Financial Accounting Standards Board (FASB) is proposing to replace the old rules based guidance that does not cover all […]

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Four Steps Towards a Smoother Audit

A financial statement audit can be a significant time burden on the finance/accounting department for any organization. There is often a large time commitment needed from getting ready for the auditors, gathering information requested during the audit, answering questions, etc. However, there are ways to make the audit go smoother. The following are four ways […]

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HW&Co. Provides Accounting Due Diligence in support of F.N.B. Capital Partners and Weinberg Capital Group in Recapitalization of Hoodmart, Inc.

April 4, 2016 Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P.  (“FNBCP”), a Tecum Capital Fund, announced today that it has partnered with Weinberg Capital Group (“WCG”) in the recapitalization of Elyria, Ohio-based HoodMart, Inc. (“HoodMart” or the “Company”). The recapitalization was led by WCG while FNBCP provided $10 million of mezzanine and equity financing. HoodMart founder and […]

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