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6 MISTAKES MANUFACTURERS MAKE DURING POST-MERGER INTEGRATION

Manufacturers leave value on the table by failing to properly integrate acquisitions. Although 2021 was a record year for M&A, many of those deals have not reached their full potential. According to the 2022 BDO Manufacturing CFO Outlook Survey, 31% of manufacturers say recent deals have failed to achieve expected synergies. Manufacturers who have completed acquisitions in Read More…

INSTITUTIONAL DATA STEWARDSHIP: PROACTIVE MEASURES FOR ADDRESSING RISKS AND CREATING VALUE

Institutional data can be one of a college or university’s greatest assets. Institutions with a focused commitment to the integrity and maintenance of their data – and a strategy for efficiently communicating it to external stakeholders – can enhance their reputations, drive fundraising, increase student recruitment and retention, and diminish operational risks. What Qualifies as Read More…

TAX EXEMPT ORGANIZATIONS: NAVIGATING THE EXECUTIVE COMPENSATION EXCISE TAX

Section 4960 of the Internal Revenue Code imposes a 21% excise tax on remuneration in excess of $1 million as well as excess “parachute payments” paid by applicable tax-exempt organizations (ATEOs) or their related entities to any “covered employee.” Tax-exempt employers that compensate their executives over $1 million per year or that pay separation-related compensation Read More…

CONGRATULATIONS TO LAURA ATWELL ON BECOMING A REGISTERED MUNICIPAL ACCOUNTANT

Congratulations to Laura Atwell, CPA, RMA, PSA, Manager in our Governmental Entity Group, for becoming a Registered Municipal Accountant! We are proud to have her on our BKC Team!   This certification is issued from the New Jersey State Board of Accountancy and requires extensive knowledge of governmental accounting & auditing practices, rules, regulations, and passing Read More…

BKC WELCOMES ARRIAN URETA AS AUDIT MANAGER

BKC, CPAs, PC, a full-service accounting firm with offices in Flemington & Woodstown, New Jersey welcomes Arrian Ureta, MBA as an Audit/Assurance Manager. Arrian has a Bachelor of Science in Technical Management/Concentration in Accounting, and a Masters of Business Administration with a Concentration in Public Administration and is acquiring her Certified Public Accounting license.  Arrian Read More…

NJEDA SMALL BUSINESS IMPROVEMENT GRANT PROGRAM

On October 20, 2021, the Economic Development Authority (NJEDA) will open applications for the new Small Business Improvement Grant Lease Program.  This is the first of several programs that the NJEDA will be rolling out, as part of the Main Street Recovery Program.  $15 million dollars has been allocated to the Business Lease Program, with Read More…

PRESIDENT BIDEN’S DISASTER DECLARATION FOR NEW JERSEY AND NEW YORK

On September 1, 2021 New Jersey and New York were hit with the remnants of Hurricane Ida, which caused catastrophic damages in the state of Louisiana a couple of days prior. Some portions of New Jersey and New York received excessive storm damage due to flooding and tornadoes. On September 2nd, President Biden approved an Read More…

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