Putting Culture into Action: How to Build Employee Engagement
Posted by Tim Finerty on September 17, 2021
Once your organization has a cultural framework in place, people need to know that it’s real. Meaningful actions that they can see and feel are essential to building lasting engagement. The kind of engagement we’re talking about goes beyond mere job satisfaction – it’s a willingness to invest discretionary effort in the mission of your organization.
Building a Foundation of Trust for Internal Communications
Posted by Tim Finerty on September 7, 2021
Learn about the role internal communications practices play in establishing a vibrant organizational culture. When you have processes like this in place, your cultural objectives have a better chance of success. In turn, this boosts engagement in a way that makes people want to invest discretionary effort in fulfilling your organization’s purpose.
Leadership: The Key to a Thriving Company Culture
Posted by Tim Finerty on August 23, 2021
For any set of cultural beliefs and behaviors to become an authentic part of your company’s daily work experience, you need “culture champions” at every level of the organization. There’s no question that your team of champions must include front line workers, but studies confirm that middle and line managers are also essential catalysts for culture adoption.
Retaining Top Talent in a Post-Pandemic World
Posted by Tim Finerty on August 11, 2021
Company culture plays a critical role in attracting and retaining top talent. Learn how the pandemic has changed work as we know it and what "coming back" to work looks like.
Win the Talent Game with the Right Company Culture
Posted by Tim Finerty on July 15, 2021
Attracting and retaining top talent in an increasingly competitive, post-COVID hiring market has become a hot topic for business leaders in many sectors, including those who specialize in industrial automation. Learn how company culture can have a positive impact.
Creative Ways to Build Culture
Posted by Tim Finerty on June 15, 2021
As 2021 presses on, one thing that remains on everyone’s minds is talent. Tune into our upcoming live video event series to learn why culture is such an important piece of the talent puzzle, and how it can help your business thrive.
The R&D Tax Credit: 280(c) Elections
Posted by Tim Finerty and Bryan Powrozek on March 18, 2021
In this sixth installment in our series on R&D tax credits, we take a closer look at 280(c) elections and summarize the potential tax benefits for qualifying business owners.
The R&D Tax Credit Four-Part Test
Posted by Tim Finerty and Bryan Powrozek on March 11, 2021
In this installment of our R&D tax credit series, we’ll take a closer look at the R&D tax credit four-part eligibility test. It turns out that the qualification bar is often lower than many business owners believe.
How to Claim R&D Tax Credits
Posted by Tim Finerty and Bryan Powrozek on March 4, 2021
One of the most persistent myths about the R&D tax credit is that the claim process is too complex to be worth it. While it does require extra supporting documentation, the backup you need can most often be found in routine business records you already keep. Let's take a look at how to claim the R&D credit.
How to Calculate R&D Tax Credits
Posted by Tim Finerty and Bryan Powrozek on February 25, 2021
Part three of our R&D tax credit series provides a quick overview of R&D tax credit calculation methods, including the RRC and ASC.
What Expenses Qualify for R&D Tax Credits?
Posted by Tim Finerty and Bryan Powrozek on February 18, 2021
The R&D tax credit is one of the most overlooked opportunities to boost your bottom line. Many business owners fail to claim it under the mistaken belief that they’re not eligible. Let's review the types of expenses that qualify for an R&D tax credit.
Your Guide to R&D Tax Credits
Posted by Tim Finerty and Bryan Powrozek on February 11, 2021
If you haven’t looked into the R&D tax credit before, there’s a good chance that you’re missing a big opportunity to boost your cash position. Even if they're aware of the credit’s existence, many businesses and their owners mistakenly assume that they aren’t eligible, or haven’t utilized the credit correctly. Here’s a quick business owner’s guide to the R&D tax credit and how it works.
Misconceptions About the Research & Experimentation Tax Credit
Posted by Tim Finerty and Bryan Powrozek on January 15, 2021
As companies put more emphasis on Industry 4.0 and business processes become more automated and accessible, the opportunities for Research & Experimentation tax credits increase.
Talking Industrial Automation Podcast: Year-End Tax Tips
Posted by Tim Finerty on December 16, 2020
Listen to the Talking Industrial Automation podcast featuring Shareholder Tim Finerty highlighting tax planning tips and ways to maximize cash flow.
What Comes After COVID-19?
Posted by Tim Finerty and Bryan Powrozek on October 7, 2020
The COVID-19 pandemic has impacted businesses around the world by disrupting supply chains, impacting cash flow and accelerating the pace of digital transformation. Here are some strategies to put businesses in the best future position as they navigate the impacts of COVID-19.
Automation is the Solution for Maximizing ROI
Posted by Tim Finerty on September 23, 2020
As more and more companies face the pressure to create a higher performing product as efficiently as possible, a number of them are now adopting Industry 4.0 technology to adapt their workflows to the 21st century. And as a result of embracing this evolution, these businesses are reaping the benefits.
Control Design Article: COVID-19 Impacts
Posted by Tim Finerty and Bryan Powrozek on August 19, 2020
Industrial Automation Shareholder Tim Finerty and Manager Bryan Powrozek share some recommendations to put businesses in the best future position as they navigate the impacts of COVID-19.
Robot Nation Podcast: Talking Automation with Tim & Bryan
Posted by Tim Finerty and Bryan Powrozek on August 7, 2020
Shareholder Tim Finerty and Manager Bryan Powrozek talk about the latest innovations and cash flow considerations impacting industrial machine builders on a recent episode of the Robot Nation podcast.
Latest Developments Impacting Small to Mid-Sized Businesses
Posted by Tim Finerty on June 10, 2020
On June 10, Shareholder Tim Finerty and Manager Bryan Powrozek presented to the Control Systems Integration Association (CSIA) as part of the organization’s video series during Covid-19. Learn how they are advising owners of small to mid-size businesses in the Industrial Automation industry.
Economic Aftershocks of COVID-19—and Five Financial Strategies
Posted by Tim Finerty and Bryan Powrozek on June 9, 2020
Beyond basic operational concerns, many process industry users and system integrators are facing related business and financial issues due to COVID-19 and its direct and indirect effects.
Slowdown Predicted for System Integrators
Posted by Tim Finerty on February 6, 2020
The concern about an economic slowdown has permeated the news in the past few months. This has been punctuated by the Federal Reserve Bank’s recent decision to cut interest rates for the third time in 2019.
Using the R&D Tax Credit to Improve Profitability
Posted by Tim Finerty and Bryan Powrozek on June 26, 2019
Most system integrators have heard that the R&D tax credit can have an immediate impact on a company’s cash position as it frees up money...
Mexico’s Payment Receipt Complement: Are You Ready for it?
Posted by Tim Finerty and Carlos Calderon on October 19, 2018
It is essential that the information received by the taxpayers be precise to avoid penalties.
Considering Doing Business in Mexico? Six Things to Know Before You Go
Posted by Tim Finerty and Carlos Calderon on March 13, 2018
There are six key issues to consider before a business expands to Mexico. It is strongly recommended to consult a tax and accounting advisor before doing business in Mexico to avoid penalties, fees and fines.
Maximizing Tax Savings for System Integrators & Automation Companies
Posted by Tim Finerty and Sarah Russell on June 8, 2016
Clayton & McKervey Shareholders Tim Finerty and Sarah Russell hosted a video, "Maximizing Tax Savings for System Integrators & Automation Companies," produced by the Robotic Industries Association (RIA). The presentation discussed recent changes in legislation and the current eligibility requirements for companies interested in benefitting from R&E tax credits.
Independent Contractors in Mexico
Posted by Tim Finerty on December 22, 2015
A common practice for many US companies with activities in Mexico is to pay Mexican residents as independent contractors. US companies do this so …
Private Company Reporting Options – “FRF for SMEs” vs. “Private Company Council GAAP”
Posted by Tim Finerty on August 4, 2015
The private company financial reporting landscape has changed. With new acronyms like “FRF for SMEs” and “PCC,” it can be hard for companies to decide …
5 Things You Need to Know about the AICPA’s Financial Reporting Framework for Small and Medium Sized Entities
Posted by Tim Finerty on September 23, 2014
It’s been a little over a year since the AICPA issued the Financial Reporting Framework for Small and Medium Sized Entities (“FRF for SMEs”) as …
Mexican Tax Reform Could Have Major Impacts for U.S. Manufacturers
Posted by Tim Finerty on January 24, 2014
How will Mexico’s new tax laws impact your company? The Mexican government recently made significant changes to the tax laws that govern the country. The …
Mexico’s Tax Amnesty Program
Posted by Tim Finerty on April 29, 2013
The Mexican tax administration (Servicio de Administración Tributaria, or “SAT”) established a tax amnesty program, effective in 2013, that provides an opportunity for individuals and …
Expanding to Brazil – What You Should Know
Posted by Tim Finerty on January 8, 2013
As small to mid-size enterprises shift gears to accelerate growth, they are taking a closer look at new opportunities in foreign countries. One of those …
Differences between IFRS and GAAP
Posted by Tim Finerty on August 1, 2012
As globalization spreads, there is a growing need for a universal accounting standard. This is where International Financial Reporting Standards (“IFRS”) steps in; founded by …
Q&A: International Financial Reporting Standards for SMEs
Posted by Tim Finerty on June 6, 2012
This interview with Tim Finerty, the Shareholder leading the International Financial Reporting Standards (IFRS) practice at Clayton & …
IC-DISC: Reducing US and Foreign Income Tax Liabilities
Posted by Tim Finerty on August 15, 2011
IC-DISC: Proper planning could reduce US and foreign tax income liabilities. By implementing an IC-DISC strategy, a US subsidiary that is manufacturing or distributing …
Considering Doing Business in Mexico?
Posted by Tim Finerty on March 10, 2011
It is not uncommon for U.S. businesses, large and small, to unintentionally make decisions that impact the business for years to come. In the planning …