At the Hickory City Council meeting on Tuesday, November 2, 2021, DHW was named one of The City of Hickory's 2021 Business. Well Crafted. Award winners. For more information and the full list of award recipients, please visit:...
General
Audit Communications to Plan Sponsors More Robust Under SAS 136
The AICPA’s Statement on Accounting Standards No. 136 (SAS 136) will meaningfully change the audit process for defined contribution plan sponsors. The AICPA issued SAS 136 in July 2019 with the goal of giving readers of the audit report a better understanding of the...
Why Do Small Businesses Fail?
There is nothing like the excitement of starting your own business and being your own boss. Branching out on your own can be extremely rewarding however, it can also bring many challenges from a financial and operational perspective. In fact, according to data from...
Internal Fraud – Ideas on How to Protect Your Company
One of the most devastating issues that a company can face is internal fraud. I’ve seen this impact the smallest and the biggest of companies. Either way, the emotional, operational, and financial disruption that follows these incidents can be a challenge for...
Principal Tim Reynolds Featured on Entrepreneur Exchange Podcast
Tim Reynolds recently joined the team of the Entrepreneur Exchange podcast to discuss common accounting mistakes small businesses make and how to avoid them. To listen to his tips and tricks, tune in to...
DHW Principal Tim Reynolds Named Institute Of Management Accountants Catawba Valley Chapter Treasurer
FOR IMMEDIATE RELEASE DAVIDSON, HOLLAND, WHITESELL and Co., PLLC PRINCIPAL TIM REYNOLDS NAMED INSTITUTE OF MANAGEMENT ACCOUNTANTS CATAWBA VALLEY CHAPTER TREASURER HICKORY, NC - September 2, 2021 - The Catawba Valley Chapter of the Institute of Management Accountants...
The Importance of Developing a Solid Cash Flow Strategy for Your Small Business
One of the most critical areas that we recommend small businesses monitor on a continuous basis is cash flow. No matter if you are just starting your business or if you have been operating for several years, cash flow is the lifeblood of just about any entity, and in...
PPP Loan Deadline Extended Through May 31
The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, 2021, extending the deadline to apply for a loan by an extra 60 days, from March 31 to May 31, 2021. The law also gives the Small Business Administration (SBA) an additional 30 days...
Q & A: The $10,200 Unemployment Tax Break
Generally, unemployment compensation received under the unemployment compensation laws of the United States or a state is considered taxable income and must be reported on your federal tax return. However, a new tax break - in effect only for the 2020 tax year - lets...
Economic Impact Payments: Round Three
On March 12, following the American Rescue Plan Act's approval and signing, the IRS began sending out the third round of Economic Impact Payments. Most payments were sent out via direct deposit, but approximately 150,000 checks were mailed by the Treasury Department...