By Cherry Bekaert
The podcast currently has 23 episodes available.
In the latest episode of Cherry Bekaert’s Professional Services podcast, we discuss the importance of cybersecurity, privacy and data security within the professional services industry. Scott Duda, Professional Services Industry Leader, is joined by Steve Ursillo, a Partner with Cherry Bekaert’s Information Assurance & Cybersecurity practice, as they explore the top cyber threats facing the industry.
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Professional services firms can benefit from expert assistance to effectively manage their cybersecurity threats to better ensure compliance, protect client data and maintain operational integrity.
Cherry Bekaert’s Information Assurance & Cybersecurity practice offers a full range of cybersecurity, privacy, attest and risk mitigation services to help protect your information systems, data and people from cyber threats. Our team can assist in identifying relevant cyber and privacy risks to create practical solutions and plans to reduce the likelihood and impact of any potential system or data breaches. Don't wait until it's too late to protect your firm from cyber threats. Contact us today to collaborate with our professionals and tailor a flexible and scalable solution to meet a variety of cyber, privacy and risk needs.
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In the 14th episode of Talkin’ Talent, Sam sits down with Toby Wyatt, founder of Motherlode Consulting, as she shares how her unique career journey led her to offering “ops in a box” business operations services to support CEOs and leadership teams. Her trial-and-error approach, from starting a greeting card company as a child, to obtaining a degree as a high school math teacher, helped her uncover her passion for mentorship and helping others succeed in business.
Unable to find a teaching job, she pivoted into business operations roles at several companies before starting Motherlode in 2021. Through her diverse professional experiences, Toby recognized a need to help companies with 50 to200 employees with operations, human resources, change management and scaling.
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Architectural & Engineering (A&E) firms that propose or work on government contracts may be required to have an adequate system review. In this episode of Cherry Bekaert’s Professional Services podcast, Brynn McNeil, an Audit Partner in the Firm’s Professional Services Industry practice, welcomes Eric Poppe, a Managing Director in our Government Contractor Industry practice, to discuss the types of systems reviews and the advantages these reviews can provide emerging small businesses.
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Cherry Bekaert’s Professional Services team is well versed in guiding A&E firms in the development and maintenance of compliant business systems, performing systems assessments, providing audit support and preparing contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.
If you have any questions specific to your business needs, Cherry Bekaert’s Professional Services team is available to discuss your situation with you.
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Architectural & Engineering (A&E) firms that propose or work on government contracts may be required to provide overhead rates prepared in accordance with the Federal Acquisition Regulation (FAR). Many government agencies require that A&E firms have their overhead rates audited.
In this episode of Cherry Bekaert’s Professional Service Podcast, Brynn McNeil, an Audit Partner in the Firm’s Professional Services Industry practice, welcomes Mandy Grivnovics, an Audit Senior Manager in our Professional Services practice. Together they define an indirect rate audit and its drivers. They also discuss key considerations and best practices to get through an indirect rate overhead audit.
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If you have any questions specific to your business needs, Cherry Bekaert’s Professional Service Assurance and Advisory team is available to discuss your situation with you.
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When the Inflation Reduction Act (IRA) was signed, it greatly increased the benefits of the Section 179D Energy Efficient Commercial Buildings Deduction (Section 179D) for A&E firms. A large part of the process when claiming the Section 179D deduction relies on keeping strict documentation. Form 7205 is a form in the claiming process that qualified businesses and individuals use to calculate the deduction, mark yourself as the designer or building owner, and provide information on the person performing the certification and completing the allocation.
The Internal Revenue Service (IRS) released an updated Form 7205 in February 2023. In today’s Professional Services podcast, Cherry Bekaert leaders Scott Duda, Professional Services Industry Leader, and Ron Wainwright, Tax Credit & Incentive Advisory Partner, discuss:
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What year-end, tax-saving steps can professional services businesses and their owners take? How can they prepare for tax law changes impacting 2023?
In this episode of Cherry Bekaert’s Professional Services podcast series, Dale Hrapchak, Tax Partner in Cherry Bekaert’s Professional Services Industry practice, and Amber Teague, Tax Partner in the Firm’s Private Client Services practice, discuss year-end tax planning at the entity and individual levels, including pertinent information for professional services businesses.
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If you need help with year-end tax planning, Cherry Bekaert tax advisors are available to discuss your situation. We welcome the opportunity to identify tax planning opportunities for you and your company.
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The Inflation Reduction Act (IRA), signed into law on August 16, 2022, significantly increases IRC Section 179D energy tax deductions. These tax incentives are highly advantageous to architectural and engineering (“A&E”) firms responsible for the design components of government-owned, energy-efficient buildings. The IRA also extends the deduction to designers of commercial buildings owned by tax-exempt organizations, including not-for-profit organizations, churches and other religious organizations, tribal organizations, and not-for-profit schools and universities.
Ron Wainwright, a Partner in Cherry Bekaert’s Tax Credits and Incentives Advisory group, joins Scott Duda, Leader of the Firm’s Professional Services Industry practice, to discuss how A&E firms can take advantage of these expanded tax incentives.
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If you have any questions specific to your business needs, Cherry Bekaert’s Tax Credits & Incentives Advisory team is available to discuss your situation with you.
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IRC Section 179D energy tax deductions continue to provide opportunities and benefits for architecture and engineering (A&E) firms. Scott Duda, Leader of Cherry Bekaert’s Professional Services Industry practice, sat down with Ron Wainwright, a Partner in the Firm’s Tax Credits & Incentives Advisory practice, and Sean O’Leary, a Senior Tax Manager to discuss ways 179D can help provide A&E firms with a competitive advantage.
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If you have any questions specific to your business needs, Cherry Bekaert’s Tax Credits & Incentives Advisory team is available to discuss your situation with you.
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Following our Digital Transformation in Law Firms Series Scott Duda, Leader of Cherry Bekaert’s Professional Services Industry practice had the opportunity to sit down with Denise Tyson, the Head of Finance & Operations at Tyson & Mendes, and Jennifer Mackinnon, Senior Client Success Manager with our own Digital Advisory Practice. Denise joins us to talk about Tyson & Mendes’ journey of digital transformation for reporting, the power of data, and the benefits of using a powerful analytics tool like Tableau Software.
Discussion includes:
If you have any questions specific to your business needs, Cherry Bekaert’s Digital Advisory team is available to discuss your situation with you.
If you haven’t already, catch up on our series:
Digital Transformation in Law Firms: Part I – Understand Your Customer
Digital Transformation in Law Firms: Part II – Optimize Your Operations
Digital Transformation in Law Firms: Part III – Innovate for Growth
Digital Transformation in Law Firms: Part IV – Enable Your Workforce
Digital Transformation in Law Firms: Part V – Protect Your Business
Related Resources
Case Study: Tyson & Mendes: Improves Operations and Business Practices with Tableau
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The Infrastructure Investment and Jobs Act (“IIJA” or the “Infrastructure Bill”), a $1.2 trillion investment in our nation’s infrastructure and competitiveness, provides significant opportunities for businesses within the professional services sector.
How will this increased activity impact professional services firms? What do professional services firms need to do to prepare for the influx in opportunities?
Listen to Scott Duda, Leader of Cherry Bekaert’s Professional Services Industry and Nita Sanger, a Director in the Firm’s Digital Advisory practice as they talk about how the Infrastructure Bill will impact the professional services industry and what companies need to do to position themselves for growth. Topics covered in this episode include:
· How the increase in activity will impact different subsectors within the professional services sector
· Areas you should examine to take advantage of increased demand and grow your business, including go-to-market, products and services offered, and how you operate as a business
As your company looks to prepare for the increase in opportunities, now is the time to revisit your people, processes, and technology to ensure you are giving your people the opportunity to be the most efficient and effective that they can be to take advantage of this once-in-a generation investment and maximize your full growth potential.
To determine actions needed to optimize your business to take advantage of the Infrastructure Bill funding, we recommend your organization take a more holistic approach and conduct a “design-thinking” session facilitated by our team of strategists, technologists and analysts. Your journey will be unique, and we are here to guide you forward.
More Resources:
Building a Better Roadmap: Are You Ready to Capitalize on Infrastructure Investment?
Is Your A&E Firm Ready to Capitalize on the Infrastructure Bill?
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The podcast currently has 23 episodes available.
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