Nathan Wechsler & Company is excited to announce the addition of Matthew J. Sawyer as a Senior Manager.  He performs work for a diverse range of clients, focusing on auditing, accounting, consulting and special projects. “We are pleased to welcome Matthew Sawyer to our team,” said Kelli D’Amore, Managing Director of Nathan Wechsler & Company. …..

The Corporate Transparency Act, enacted in 2021, introduced a critical federal reporting requirement to combat illicit finance in the United States. Effective January 1, 2024, many U.S.-based companies must file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN). Here’s an overview of what this means for your business. What Is BOI …..

Nathan Wechsler & Company is pleased to announce the addition of Fallyn A. Mele as a Senior. Fallyn brings a specific set of skills and experience to the firm, and we are excited to have her join our team. Fallyn joined Nathan Wechsler & Company in 2024 and has quickly become an essential part of …..

Nathan Wechsler & Company is pleased to announce the addition of Samantha Higgins as a Tax Supervising Senior. Samantha brings a wealth of expertise and experience to our firm, and we are excited to have her join us. Samantha joined Nathan Wechsler & Company in 2024 and has quickly become an integral part of our …..

Nathan Wechsler & Company is thrilled to announce the promotion of four exceptional professionals to Manager. This recognition reflects their outstanding contributions and dedication to excellence in their roles. Brady Wentworth Brady has been with Nathan Wechsler & Company since 2019 and has consistently delivered high-quality services across compliance, financial statement preparation, tax return preparation, …..

Nathan Wechsler & Company is pleased to announce key promotions within the Keene office, recognizing the outstanding contributions of Katie Kurowski and Jeremy Mosieur. Katie Kurowski, Supervising Senior Katie Kurowski has been promoted to Supervising Senior. Since joining the firm, Katie has demonstrated exceptional skills and leadership. Her ability to manage complex projects and deliver …..

Nathan Wechsler & Company is pleased to announce the promotion of Kim O’Connor to Senior Manager. This promotion recognizes Kim’s exceptional performance and leadership within the firm. Kim joined Nathan Wechsler & Company in 2021 and has made significant contributions in accounting, compliance, income tax return preparation, and special projects. Her specialization in business taxes …..

Nathan Wechsler & Company is excited to announce several key promotions within the Concord office, recognizing the outstanding performance and dedication of Kaitlin Morin, Brianna Sawyer, James Shokal, and Nathan Bulluck. Kaitlin Morin, Supervising Senior Kaitlin Morin has been promoted to Supervising Senior. Kaitlin’s exceptional skills and leadership have greatly contributed to the firm’s success. …..

It’s not at all unusual for a manufacturing and industrial (M&I) organization to manage hundreds of tier-one suppliers, but that number can balloon to tens of thousands of suppliers across the value chain. These secondary and tertiary goods and services include everything from office supplies and IT services to utilities and professional consulting services. If not managed …..

By TJ Richter is Executive Underwriting Officer, Manufacturing/Wholesale When manufacturers improve workplace safety, they significantly strengthen the bottom line, improve quality and help attract and retain skilled employees in a historically tight labor market. However, not all manufacturers get it. Those who don’t, collectively spend more than $140 million each week on serious, non-fatal workplace …..

By Bill Remy American manufacturers are dealing with a talent crisis. With over 40% who say hiring talent is their biggest challenge and the 90-day turnover rate reaching 30%, it’s no wonder companies are struggling to meet their production goals. The problem isn’t that people don’t want to work. It’s that so many companies are failing to …..

By Sakshi Udavant Companies like Fastenal and TE Connectivity have launched successful mentorship and training options for current employees and emerging leaders. With the manufacturing industry facing a worker shortfall of nearly 2 million people, many manufacturers are turning to mentorship programs to build a talent pipeline and prepare existing workers to take on leadership roles. The …..

Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Whether someone is having fun with a hobby or running a business, if they are paid through payment apps for goods and …..

How to nail down current deductions If your business completes minor repairs by December 31, you can deduct those costs on your 2023 tax return. But different tax rules apply to improvements. As opposed to repairs, improvements are capital expenditures that must be written off over time. Safe harbors How can you tell whether work …..

The BDO 2023 Nonprofit Standards Benchmarking Survey of more than 250 nonprofits highlights a crucial shift in the nonprofit sector towards strategic resilience, marking a departure from the reliance on recent federal funding. Data from our annual survey reveals that in response to economic uncertainties, nonprofits are prioritizing digital transformation (42%), cost reduction (38%), and …..

Incredible advances in technology in recent years have enabled organizations to connect with and serve stakeholders in new and increasingly efficient ways. This includes leveraging artificial intelligence (AI) and chatbot technologies to revolutionize higher education operations, offering many benefits to institutions and their various stakeholders. In the past few years, we have seen higher education …..

Proper determination and reporting of component units is essential for complete and accurate financial reporting. However, complexity in this area poses a challenge to governments in identifying and assessing the component units and the correct presentation. This article provides an overview of the accounting standards defining the financial reporting entity, the types of component units …..

The chorus of a popular ’80s song says, “I always feel like somebody’s watching me.” Not-for-profit entities (NFP) have their financial information available on a variety of platforms including, but not limited to, the NFP’s website, the public inspection copy of its Form 990, and perhaps on its state attorney general’s website, if the NFP …..

Nonprofits have endured the challenges of adopting several new accounting standards over the last several years.  Now, after a lengthy deferral period, the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326):  Measurement of Credit Losses on Financial Instruments), commonly referred to as CECL or “Current Expected …..

When examining the availability of tax credits, organizations in the nonprofit and local government space typically disregard the opportunity as inapplicable to their organizations. To tax-exempt entities, the concept of leveraging credits to lower their tax burden may seem at odds with their tax status. However, to help build a more sustainable and equitable future, …..