Author: admin-hsc

Posted on April 1, 2010

It’s Time to Consider Capital Improvements and Facility Expansion, Wait…What?

If, after seeing the title, you’re still reading, then your company has likely withstood the economic downturn and you’re wondering if its time to start moving forward now that the economy is showing (some) signs of improvement.

Some of your former competitors have gone out of business.  You have returned your focus to what made you successful in the first place.  You might even start seeing (or see) a growing demand for your product or service and, at the same time, you are noticing new opportunities. If these characteristics fit your company, it may be time to start considering ways to increase profitability and begin to grow your company. Continue reading “It’s Time to Consider Capital Improvements and Facility Expansion, Wait…What?” →

Pending IRS Proposal for More Disclosure – A Slippery Slope
Posted on March 28, 2010 by Scott Olinger, CPA, CGMA

A controversial accounting pronouncement, Financial Interpretation 48 (FIN 48) requires businesses to prepare an analysis and possibly record a liability in their financial statements for “uncertain tax positions.” At the time it was passed, many professionals thought it would not be long before the IRS would use this as an audit road map. Continue reading “Pending IRS Proposal for More Disclosure – A Slippery Slope” →

Hiring Incentives to Restore Employment Act: What Does it Mean to You?
Posted on March 22, 2010 by Kyle Wininger, CPA, CICA, CVA, CFE, PFS

As you may have heard, in an effort to combat high unemployment, President Obama signed the Hiring Incentives to Restore Employment Act (HIRE Act) into law on March 18, 2010.  Among other things, this legislation gives qualified employers a break from the employer’s portion of Social Security taxes in 2010 on qualified new hires and a general business credit for each retained worker that satisfies a minimum employment period. It also includes a provision to extend the available increased expense deduction under Code Section 179 for equipment purchases made during 2010. Continue reading “Hiring Incentives to Restore Employment Act: What Does it Mean to You?” →

Harding, Shymanski & Company, P.S.C. receives 2009 Family Friendly and Diversity Practices Certificate of Recognition

Posted on December 1, 2009

EVANSVILLE, INDIANA (December 2009) Harding, Shymanski & Company, P.S.C. received the 2009 Family Friendly and Diversity Practices Certificate of Recognition from The Evansville-Area Human Resource Association and the Chamber of Commerce of Southwest Indiana for its outstanding leadership in creating a work environment that embraces diversity and family friendly practices.

Seven Ways to Succeed and Increase Value in Today’s Economy
Posted on November 25, 2009 by Kyle Wininger, CPA, CICA, CVA, CFE, PFS

As you know, the recent economic downturn has had a negative impact on many businesses. However, there are some businesses that are continuing to excel and even grow in these troubled times. Being a consulting and business valuation manager in public accounting, I have had the opportunity to gain insight on what has been working for business owners and what has not during the last few months. Continue reading “Seven Ways to Succeed and Increase Value in Today’s Economy” →

Audit Planning: Simple Ways to Reduce Waste Related to Your Annual Audit or Review

In today’s economy, many businesses are looking for ways to reduce waste. Being adequately prepared for your annual audit or review can help accomplish this. In my experience, audits and reviews can be completed more efficiently and with fewer headaches for both the client and the accountant if the following steps are implemented. Continue reading “Audit Planning: Simple Ways to Reduce Waste Related to Your Annual Audit or Review” →

Harding, Shymanski & Company, P.S.C. Receives 2009 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility in the Greater Louisville Area

Posted on November 1, 2009

LOUISVILLE, KENTUCKY – Harding, Shymanski & Company, P.S.C. received this award in recognition as an exemplary employer that is using flexibility as a talent management tool to enhance workplace effectiveness and contribute to employee success.

Organizations of all types and sizes across the Greater Louisville and Southern Indiana region applied for the award. Applicants and winners of the Alfred P. Sloan Awards were benchmarked against other national employers regarding their implementation of effective workplace flexibility practices.

“The Alfred P. Sloan Awards recognize employers that manage effective and flexible workplaces,” said Eileen Pickett, Greater Louisville Inc.’s Senior Vice President of Community and Economic Development. “Flexible workplaces are more likely to have employees that are engaged in their jobs and committed to helping their company succeed,” she said.

Jefferson County Flooding Leads to Federal Disaster Tax Relief

After surviving hurricane winds and an ice storm over the course of the past year, the area now adds a major flood to the list of natural disasters that have caught federal attention. On August 14, FEMA declared a federal disaster in Jefferson County, Kentucky, regarding the severe storms and flooding that took place in the Louisville area on August 4. This designation sets in motion a variety of relief mechanisms and financial implications for affected parties. Continue reading “Jefferson County Flooding Leads to Federal Disaster Tax Relief” →

How Lean is Your Sales Tax Compliance?

Lean is certainly a buzzword within today’s manufacturing industry. In fact, a recent internet search on “lean manufacturing” resulted in over 1.85 million hits. Lean manufacturing can be defined as a production practice that considers the expenditure of resources for any goal other than the creation of value for the end customer to be wasteful, and thus a target for elimination. It is easy to see how lean concepts can be applied to the production floor, but have you considered how “lean” your sales tax compliance is? Continue reading “How Lean is Your Sales Tax Compliance?” →

Maximize Cash Flow: Minimize Taxes: Twelve Commonly Overlooked Tax Strategies
Posted on April 1, 2009 by Scott Olinger, CPA, CGMA

(Published in the April 2009 issue of Continuous Improvement Institute’s “Lean Business”)
As a decision maker in today’s difficult business environment, you have to take advantage of every available opportunity to create a competitive advantage. And sometimes those opportunities can be found in unexpected places – including your tax returns.