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Succession Planning Transforming in the Construction Industry

Publication | Mar 19, 2019
More About | Construction | Performance & Growth | Succession Planning

The Tax Cuts and Jobs Act (TCJA), Public Law No. 115-97, affects many industries in many ways and a great deal of the changes are providing significant impacts to small businesses in the U.S. Inher...

Tax Considerations for Selling a Business

Succession planning for your business in 2019 can be a complex endeavor, requiring multiple counsel and advisors on your team helping you set goals, objectives and decision-making processes for a s...

Why You Should Consider Enterprise Performance Management for Your Organization

Publication | Feb 21, 2019
More About | Data | Innovation & Technology | Performance & Growth

This is part of DHG’s Performance Quarterly Series for 2019. In this quarter’s installment, DHG’s Chief Financial Officer Frank Graham provides an overview of the benefits of enterprise performance...

Swap Your Stance on a Hedging Program: Key Considerations for Community Banks

Publication | Feb 19, 2019
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

Why should community banks consider a hedging program? Community banks should consider the implementation of a hedging program for certain loans given the rising interest rate environment, as well ...

Preparing your Dealership for Financial & Tax Due Diligence

Publication | Feb 04, 2019
More About | Dealerships | Mergers & Acquisitions | Performance & Growth

As dealer consolidation continues, chances are many dealers will become a buyer or seller in the near future. When purchasing

The Risk Management Flash - Vol 2 Issue 1

Publication | Jan 29, 2019
More About | Regional and Community Financial Institutions | Performance & Growth | Risk & Regulatory

A summary of risk management developments for regional and community financial institutionsTopics Covered in this Issue Federal Reserve Supervision and Regulation Report Agencies Propose Rul

Model Risk Management Guiding Principles For Community Bank Organizations

With the adoption of the existing Supervisory Guidance on Model Risk Management by the Federal Deposit Insurance Corporation (FDIC) i

Government Shutdown and What It Means for Taxpayers

As President Trump and Congress continue to work to reach a deal to reopen the federal government, the partial shutdown continues to affect government agencies, including the Internal Revenue Service

Relief for Small Business Tax Accounting Methods (as featured in Journal of Accountancy)

The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which generally took effect in 2018, provides welcome simplifications for small business taxpayers. This article highlights some of t...

Stay Smaller Longer: SBA’s Runway Extension Act Changes the Calculation of Size Status from Three to Five Years

Publication | Dec 20, 2018
More About | Government Contracting | Performance & Growth

On December 17, 2018, the President signed into law the Small Business Extension Act of 2018 (the “Act”). According to the House Committee on Small Business Report, the purpose of the Act is to “help

2018 Year End Tax Planning Letter

It is hard to believe that the year is almost over, and the holiday season is upon us. As you put the finishing touches on your year-end plans remember to include a plan for taxes this year.

Asset Size Does Not Matter: Enterprise Risk Management Expectations for Financial Institutions Less Than $10 Billion

Publication | Nov 14, 2018
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

The traditional school of thought in banking has been that asset size matters in terms of regulatory expectations around enterprise risk management (ERM).

The Wayfair Ruling’s Impact on Financial Reporting

In arguably the most important sales tax case in the past twenty-five years, the U.S. Supreme Court released its highly anticipated decision in South Dakota v. Wayfair, Inc. in June. In essence, th...

The Risk Management Flash - Vol 1 Issue 2

Publication | Oct 26, 2018
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

A summary of risk management developments for regional and community financial institutions

Practical Considerations for Private Companies on the Timing of Evaluating and Implementing ASC 606

Publication | Oct 23, 2018
More About | Assurance | Revenue Recognition | Performance & Growth

In today’s fast-paced and rapidly changing business environment, management teams are faced with challenging decisions on where to deploy limited resources.

Revenue Recognition: A Private Company Disclosure Guide

The Financial Accounting Standards Board issued Accounting Standards Codification (ASC) 606 - Revenue from Contracts with Customers in May 2014. The new standard becomes effective for private compa...

House of Representatives Ways and Means Committee Set to Markup Tax Reform 2.0

alert | Sep 13, 2018
More About | Tax | Tax Reform | Performance & Growth

On Thursday, September 13, 2018, the House Committee on Ways and Means will hold a Full Committee Markup to discuss “Tax Reform 2.0.” The markup will cover three areas:

The Risk Management Flash - Vol 1 Issue 1

| Aug 31, 2018
More About | Regional and Community Financial Institutions | Performance & Growth

A summary of risk management developments for regional and community financial institutions

Lease Update: Impact to Dealerships

Publication | Aug 28, 2018
More About | Dealerships | Lease Accounting | Performance & Growth

In February, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standard Update (ASU 2016-02) that amends the accounting guidance on leases. The guidance defines new principles

Strategy Execution Viewpoint: Effective M&A is about More Than the Numbers

| Aug 14, 2018
More About | Regional and Community Financial Institutions | Performance & Growth

In today’s relatively benign credit environment, poor merger integration often leads to transactions failing to meet strategic and financial goals. The breakdown typically occurs in the middle of t...

Compliance in the Post-Wayfair World: What’s Next?

In arguably the most important sales tax case in the past 25 years, the U.S. Supreme Court announced its highly anticipated decision in South Dakota v. Wayfair, Inc. In summary, the Wayfair decisio...

Strategy Execution Viewpoint: Challenges Should Be Explicitly Addressed and Embraced

| Jul 30, 2018
More About | Regional and Community Financial Institutions | Performance & Growth

Strategy selection is about making well-informed strategic choices and accepting trade-offs. Too few community banks formally address risk during their strategic planning process, while establishin...

Is Converting to a C-Corporation More in line with Your Company Goals?

The 2017 Tax Cuts and Jobs Act (the Act) contains considerable changes to the federal tax code, including a significant reduction of the federal corporate tax rate from 35 percent, to a flat rate o...

Interest Rate Risk: Managing for Today and Planning Ahead for Future Challenges

| Jul 17, 2018
More About | Regional and Community Financial Institutions | Performance & Growth | Risk & Regulatory

Interest Rate Risk (IRR) ManagementThe federal funds rates (rates) have been extremely low for an unprecedented period of time. With recent rate increases,

Sales Tax Nexus – Highly Anticipated Decision in Wayfair Case is Announced

In arguably the most important sales tax case in the past twenty five years, the U.S. Supreme Court has announced its highly

Top CEOs Share Their Success Strategies

DHG recently embarked on a research initiative to listen to the success stories of top-performing community bank CEOs.

Capturing Efficiency, Profitability, and Predictability Through Big Data

How Tax Reform Could Limit Your Business Interest Deduction

On December 22, 2017, Public Law No. 115-97, commonly referred to as the Tax Cuts and Jobs Act (The Act), was enacted, and resulted in

The Tax Cuts and Jobs Act Affects Meals and Entertainment Deductions

alert | Mar 23, 2018
More About | Tax Reform | Performance & Growth | Risk & Regulatory

Under new law (P.L. 115-97), the deductibility of business-related meals and entertainment expenses was changed.

Navigating the New Healthcare Revenue Recognition Model

After years of fanfare, controversy, debate, and deferrals, the effective date of the new standard for revenue recognition is finally upon us. The new standard is effective for public entities (inc...

DHG Healthcare Symposium May 16-18, 2018

Thank you for attending the 2018 Symposium! We look forward to seeing you next year June 5 - 7, 2019. The healthcare industry and

Strengthening Internal Controls to Prevent Fraud

| Feb 06, 2018
More About | Dealerships | Performance & Growth

Fraud is often not detected until after the crime has been committed. According to the Association of Certified Fraud Examiners (ACFE), t

Warranty: Changing your Outlook

| Feb 06, 2018
More About | Dealerships | Performance & Growth

This past September I presented at the Powersports Dealer Seminars @ AIMExpo in Columbus. First off, I want to thank those that attended,

Risk Capability 2.0 - Moving Beyond the Tipping Point

| Jan 22, 2018
More About | Healthcare | Healthcare Consulting | Performance & Growth

At DHG Healthcare, our broader industry perspective is technically grounded in a concept we refer to as "Risk Capability."

CMS Approves Bundled Payment For Care Improvement – Advanced (BPCI-A)

In this past year, the healthcare industry has seen a range of changes in Alternative Payment Models (“APM’s”) from the Centers for Medicare and Medicaid Services

Top 10 List of Provisions Included in 2017 Tax Reform

The last major tax reform legislation was passed in 1986. Since then, the tax rules

Tax Reform: What Can Taxpayers Do Now?

What can you do now to prepare for the proposed tax reform? Watch this DHG Tax video to learn actions you can take.

Executive Summary: Delivering Superior Performance – CEOs Share Timeless Success Strategies

| Dec 14, 2017
More About | Regional and Community Financial Institutions | Performance & Growth | Talent

The past decade has resulted in tremendous shifts in the macroeconomic environment and significant consolidation among community, regional and national financial institutions.

Tax Reform - Impact on Financial Statements

If passed in a form resembling the current House and Senate proposals, tax reform will impact the financial statements of most every U.S. corporation.

Consider Accounting Office Consolidation at Your Multi-Store Dealership Group

| Nov 30, 2017
More About | Dealerships | Assurance | Performance & Growth

As dealerships continue to expand, the logistical and operational complexities of handling processes such as accounts payable,

Year End Tax Planning Letter

We are nearing the end of another year, and we, like you, embrace this time to reflect on where we’ve been and to chart a course for the future. Before you close the books or turn off the lights fo...

Tax Reform Proposal: Overview and Small Business Highlights

The last major tax reform legislation was passed in 1986. Since then the tax rules – Internal Revenue Code amendments, regulations, procedural guidance and court case law – have morphed into a tax ...

Tax Reform Proposal: Overview and Small Business Highlights

alert | Nov 14, 2017
More About | Tax Reform | Performance & Growth | Risk & Regulatory

IT System Development Best Practices

| Nov 08, 2017
More About | IT Advisory | Innovation & Technology | Performance & Growth

Companies and organizations often face the challenge of outdated IT systems that no longer support their current business model. In order to avoid common IT system development hazards, slow down to...

New IRS Directive for Taxpayers Who Disclose GAAP ASC 730 R&D Costs on Audited Financial Statements

alert | Nov 01, 2017
More About | Tax | Research & Development Tax Credits | Performance & Growth

Substantiating a taxpayer’s research credit claim can often be burdensome for the taxpayer. A recent IRS directive may provide some relief and also mitigate risk during IRS exam.

End-to End Commercial Lending Process Performance

Case Study | Aug 10, 2017
More About | Regional and Community Financial Institutions | Performance & Growth

Planning continued market and business expansion, a regional bank wanted to ensure its commercial loan process was delivering the desired customer experience efficiently across all markets and was ...

The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership

Case Study | May 09, 2017
More About | Performance & Growth | Succession Planning

In a collaborative effort to demonstrate some common roadblocks that both DHG Dealerships and The Rawls Group often sees within family-run dealership clients who are in the process of making leadershi

How will Defense Contracting Audit Reform Evolve?

| Apr 28, 2017
More About | Government Contracting | Performance & Growth

Earlier this month, members of the House Armed Services Subcommittee on Oversight and Investigations conducted a panel hearing to evaluate the defense contract auditing process. The subcommittee Ch...

Federal Tax Reform: The Possibilities and How to Prepare

The general consensus is that tax legislation in some form will be enacted in the near future. Will it result in a sea-change in how we currently pay federal income tax or just in more modest tax r...

Substantial Savings for Construction Contractors: Qualifying for and Pursuing the R&D Tax Credit

| Apr 19, 2017
More About | Construction | Performance & Growth

When the topic of research and development (R&D) tax credits is discussed, chemists with lab beakers typically come to mind. Instead imagine construction superintendents and engineers in hard h...

NC Department of Revenue Issues Guidance on RMI and Capital Improvements

The NC Department of Revenue (NCDOR) has issued a formal written notice to further explain major changes to the applicability of sales & use tax to transactions involving repairs, maintenance a...

Part 1: The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership

DHG TV | Mar 09, 2017
More About | Dealerships | Performance & Growth | Succession Planning

Family issues can impact business decisions, such as in the case of a multi-generational dealership whereby an older owner struggles to relinquish control in the wake of his/her child’s desire and ...

Part 2: The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership

DHG TV | Mar 09, 2017
More About | Dealerships | Performance & Growth | Succession Planning

After the Close: Don’t Forget Dealership Process Details

You are sitting at the closing table, just moments after wrapping up the entire process. From broker offerings to the LOI to due diligence to solidifying the Asset Purchase Agreement (APA), you are...

Bridging the GAAP: A Primer on Unique Dealership Accounting Aspects for Private Equity and Family Office Buyers

With such an abundance of consolidation, buying, selling, brokering and new investor entry, the automotive space has presented exciting opportunities over the past few years. Given the rise in priv...

The Top Ten Topics for Audit Committees to Discuss with External Auditors in 2017

| Feb 24, 2017
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

Following an active year of developments in the accounting world and regulatory environment, 2017 kicks off with a changing landscape of evolving regulations and politics

Assist Internal Audit Department with Model Risk Management

Case Study | Feb 21, 2017
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

A regional bank’s internal audit team wanted to assess the overall effectiveness of its model risk management framework. This included analyzing a sample of model validations, the reported findings...

Transition from in-house to outsourced internal audit model

Case Study | Feb 17, 2017
More About | Regional and Community Financial Institutions | Performance & Growth

Following decades of using an in-house internal audit model, a multi-billion dollar regional bank’s Director of Internal Audit retired. The client made the decision to outsource and enhance the cap...

Contemporary Approach to Strategy Development

Case Study | Feb 17, 2017
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

Client sought a rigorous, fresh approach to strategic planning. Given the rapidly changing community banking landscape, the client wanted a process that would drive open, objective discussion of ne...

Common Pitfalls of Business Combination Accounting

With recent merger announcements of companies like Starwood and Marriott, or AT&T and Time Warner, the appetite for business acquisitions is clearly back in full swing.

Accounting and Assurance Year End Update: Private Company Edition

This document is intended to summarize select accounting standard setting activities that may have an impact on 2016 year-end private company financial reporting. For the purpose of this publicatio...

Top 10 Internal Audit Tips for Small Dealership Groups and Single-Point Stores

| Jan 02, 2017
More About | Dealerships | Performance & Growth

Contrary to the necessity of external audits to maintain compliance in this heavily regulated industry, many dealerships forego placing emphasis on the importance of securing a well-oiled internal ...

Top 10 Dealership Tax and Assurance Tips for 2016 Year-End

| Dec 09, 2016
More About | Dealerships | Performance & Growth

Is the thought of a chaotic year-end getting you down? Sometimes a simple set of reminders that brings you back to the basics can be the cornerstone to successfully closing your calendar year.

Focusing on Service Excellence to Enhance Customer Loyalty

| Dec 05, 2016
More About | Dealerships | Performance & Growth

The service department is an entity whose operations impact any dealership's success to some degree. For customers and dealership employees alike – if you own a vehicle, it is more than likely ...

Year End Tax Considerations

| Nov 30, 2016
More About | Tax | Performance & Growth

In today’s fast-paced and constantly changing environment, businesses are constantly looking for ways to add value to the bottom line while also mitigating risk for their organizations. At DHG, we ...

2016 Year-End Strategies: Straddling Two Years Of Significant Change

alert | Nov 10, 2016
More About | Performance & Growth

Implementing tax strategies at year-end always presents unique challenges and opportunities. The impact of recent tax legislation and significant IRS rule changes during 2016 raises the stakes.