An In-depth Look at American Families Plan Proposal
The administration is making major investments in domestic initiatives. Continuing our in-depth coverage of the American Families Plan, CSH’s tax experts discuss the new proposal in terms of corporate tax changes, tax increases for the wealthy, and more on individual taxes.
Exciting News!
We are thrilled to share that we have acquired strategic HR, inc., a leading outsourced HR management firm with offices in Ohio and Kentucky.
President outlines individual tax breaks and increases
President’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White House. The American Families Plan contains tax breaks for low- and middle-income taxpayers and tax increases on those “making over $400,000 per year.”
Here’s a summary of some of the proposals.
PPP Extension Act Signed by President — PPP applications open through May
On Tuesday, the President signed the PPP Extension Act of 2021. The legislation gives Paycheck Protection Program (PPP) applicants more time to file: the deadline is now moved from March 31 to May 31, 2021. CSH’s Kevin Dehner and Phil Hurak provide the latest update to this popular loan program.
Are Lead Times Costing You Business?
Speed to market is key—companies that struggle with long lead times are often at a disadvantage. CSH’s Dan D’Agostino, an operations transformation leader, provides three strategies companies can utilize to achieve lead time reduction.
90% of CFOs agree that reducing manual, time-consuming processes is one of the best ways to save money and streamline operations. That’s why financial leaders are adopting automation to digitize many aspects of business, including some you may not have known could be automated.
Reduce your inventory costs, grow your bottom line
Inventory management has a critical impact on your bottom line. You play an important role in forecasting and budgeting for inventory, mitigating risk and helping company leadership keep as much cash in hand as possible. CSH’s Dave Mills discusses five simple strategies you can utilize to control your inventory costs.
EMPLOYEE RETENTION TAX CREDIT
Expanded and extended: employers can receive up to $28,000 per employee
The recently passed American Rescue Plan Act extended and expanded eligibility for the Employee Retention Credit (ERC) that was introduced in 2020. Employers could receive as much as $28,000 in credit per employee — Phil Hurak and Kevin Dehner review how you can ensure you’re making the most of the ERC.
Is Your Supply Chain Management System Optimized?
Many factors affect the success of (or disruption in) your supply chain. Successful supplier management isn’t always easy – it takes work. CSH’s John Harvey, an operations transformation leader, discusses several tips for optimizing your supply chain and keeping your customers happy.
Extended tax filing deadline provides relief to individual taxpayers and the IRS
Due to the pandemic and an unprecedented backlog of tax returns waiting to be processed, the IRS has postponed the federal tax filing deadline to May 17, 2021.
