New Year, New Limits

In October, the IRS issued the maximum benefit and contribution limits for 2022. The good news is that most of the dollar limits increased! 2022 2021 Elective Deferrals – 401(k) and 403(b) Plans $20,500 $19,500 Catch-Up Contributions (over age 50) $6,500 $6,500 Annual Contribution Limit – Defined Contribution Plans $61,000 $58,000 Annual Covered Compensation Limit […]

The Benefits of Digitizing Your Accounts Receivable Process

How does your current Accounts Receivable Process work? How much time is spent printing and mailing invoices to each customer? How about cash application? Are you receiving customer checks in the mail, manually logging them, and then manually applying each to the customer’s account? These processes are time-consuming, labor-intensive, and error-prone. A significant portion of […]

Social Security: The Elephant in the Room

For most Americans, Social Security has represented nothing more than some unavoidable payroll deduction with the positively cryptic initials of “FICA” and “OASDI” (Federal Insurance Contributions Act and Old Age, Survivors and Disability Insurance). It hinted at a future that seemed both intangible and far away. Yet, many Americans now sit on the cusp of […]

So, You Qualified for the ERC (employee retention credit) Credit, Great! You Might Be Wondering: What Should I Expect Now?

We have assisted many of our clients with claiming the Employee Retention Credit (“ERC”). The ERC is a government stimulus program designed to help small businesses that were able to retain their employees during the Covid-19 pandemic. Qualifying businesses that experienced the requisite drop in gross receipts are able to claim a refund on qualified […]

Securing Your Systems

Cyberattacks will continue. In fact, federal security agencies recently issued warnings to businesses and other organizations to improve defenses against possible Russian-sponsored cyberattacks, especially given the rise in tensions between Ukraine and Russia. The agencies are recommending that organizations should:• Ensure all system updates and patches have been installed on software to minimize vulnerabilities• Require […]

Growth Amplifiers Podcast: Patrick Burke

Patrick Burke is the Managing Partner of Burke & Schindler PLL and Concentric Wealth Management. Passionate about helping entrepreneurs start, grow, manage, and build valuable businesses, he has advised more than 200 successful start-ups, and is an expert across multiple disciplines including mergers and acquisitions, business financing, and deal structuring. He’s on the Board of […]

The Burden of Command Podcast: Patrick Burke

https://anchor.fm/tboc/episodes/133—Business-Mistakes-W-Patrick-Burke-e16pgs0/a-a6f41ho Patrick Burke is the Managing Partner of Burke & Schindler PLL and Concentric Wealth Management. Passionate about helping entrepreneurs start, grow, manage, and build valuable businesses, he has advised more than 200 successful start-ups and is an expert across multiple disciplines including mergers and acquisitions, business financing, and deal structuring. He’s on the Board […]