Kevin J. Hedrick | August 9, 2018 | Categories: International, Tax, Blog
What is OVDP? The Offshore Voluntary Disclosure Program (OVDP), the IRS program that has offered relief from criminal penalties to taxpayers who report previously undisclosed overseas assets, will end on September 28, 2018. After that, taxpayers with undisclosed foreign financial assets could face significant jail time in addition to... Read more
By Kevin J. Hedrick, CPA The first big tax deadline of the year is quickly approaching, and now that the new Tax Cuts and Jobs Act is in effect, many staffing company owners and finance officers need to know about the unique opportunities and liabilities—some obvious and some not-so-obvious—that... Read more
Kevin J. Hedrick | January 18, 2017 | Categories: Software/Tech, Blog
This month, WBL will begin using forced encryption for emails and attachments, in addition to the other data security best practices the firm currently employs, to protect and secure our clients’ sensitive information. Later this year, we also will begin using a new secure document sharing platform for audit... Read more
February 11, 2016 | Categories: Case Studies
Situation Overview: The president and CEO of a utility management company had a reconciliation problem. “My company manages utility billings and water conservation services. Our deposits include utility payments that aren’t ours to keep as well as our income. We struggled for about 10 years with how to properly reconcile... Read more
Business owners want to maximize profits now and put money away for when they retire. They also want to attract and retain great employees. Retirement benefit plans can help business owners to accomplish both of these objectives. And they help employees by creating a “forced savings” and offer significant tax deferral... Read more
Kevin J. Hedrick | March 21, 2012 | Categories: Tax, Blog
By Kevin Hedrick, CPA, Tax Partner at Williams Benator and Libby, LLP July 2012 In spite of the U.S. Supreme Court’s recent ruling on the constitutionality of the Affordable Care Act, many unanswered questions remain about how the Act will affect staffing and other companies. Some of the provisions of... Read more
