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Our insights on topics affecting the industries we serve.
Thought Leadership
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PPP Income Tax Changes
The North Carolina Department of Revenue has announced that expenses that were funded with forgiven PPP loans are now deductible. This means that all recipients, both corporate and individual, that paid income tax on the loan in tax year 2020 are able to file an...
DHW Named One of The City of Hickory’s 2021 Business. Well Crafted. Award winners
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:...
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...
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