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All About Manufacturing & Distribution (4)

How Does the New CECL Model Affect Your Financial Statements?

Non-public entities will need to adopt the new Current Expected Credit Loss (CECL) model starting with 2023 calendar year-end financial statements. What does this mean for your company and your financial statements?
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Optimism Abounds for Maryland’s Manufacturing Industry

There’s a lot to feel optimistic about when it comes to Maryland’s manufacturing industry. I recently sat in on a webinar presented by two of the state’s biggest manufacturing champions, the Maryland Manufacturing Extension Partnership (MD MEP) and...
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Common Shortfalls of Accounting Systems In Manufacturing Businesses [Video]

Having proper accounting practices and technology in place is essential for success in your manufacturing business. Without the right accounting system in place, manufacturers face a plethora of challenges and gnarly consequences that can be avoided. ...
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Maryland Extends Deadline for MarylandSaves Exemption to December 31, 2023

It has been quite some time since Maryland’s general assembly passed MarylandSaves in 2016. After much delay, Maryland finally put its retirement vehicle into motion on September 15, 2022, in the form of a Roth IRA account. Now that the program has been...
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How Too Much Trust Can Erode Internal Controls

There’s a fine line regarding trust in a workplace environment. Too little trust in employees can diminish effective communication, increase conflict and decrease loyalty. But on the flip side, too much trust could create an opportunity for a key...
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4 Key Insights From an Employee Benefit Plan Auditor

With employee benefit plan audit season not too far in the rearview mirror, it’s a good time to reflect on lessons learned. I’m sharing a few insights, from the point of view of an employee benefit plan auditor, for clients who are required to have their...
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