The National Debt: Key Points

The National Debt is a huge and complicated topic. In today’s video, HSC Senior Executive Consultant John Key breaks down what the National Debt is and touches on how we got here.

About the Expert:

John Key joined Harding, Shymanski & Company in 2023 as the Senior Executive Consultant in our Advisory Services Department after retiring from his position as Director of Strategic Initiatives at Stock Yards Bank & Trust Company. Before joining Stock Yards through a merger with Commonwealth Bank & Trust, John was President & CEO. He spent 40 years in the banking industry.

John received his Bachelor of Science degree from the University of Southern Indiana. He is a graduate of the School of Banking, University of Wisconsin, ABA Commercial Lending School; and the IBA Commercial Lending School and holds many other professional certifications. In addition to being involved with the “March for Babies,” John has been associated with the Boy Scouts of America, the American Heart Association, the United Way, the Memorial Cancer Center, and many other philanthropic organizations throughout his career. John is also a past Board member of the Indiana and Kentucky Bankers Associations.

June 2023 Market Update

In this month’s video, Avantax Co-Chief Investment Officer Ivan Gruhl discusses market returns through May, the Federal Reserve, economic growth, the debt ceiling aftermath, and Avantax’s outlook.

This video is provided through a partnership between Harding, Shymanski & Company P.S.C and Avantax®

September 2022 Monthly Market Update

In this month’s market update video, Avantax Chief Investment Officer, Ivan Gruhl, CFA®, provides a market update for September. He recaps market returns, discusses the economy, the Federal Reserve and our outlook for the remainder of the year.

Could outsourcing a CFO be right for your company?

Take your business to the next level.

About this time of year, we all focus on our taxes.

The challenge is that often waiting until the last minute is not the best business decision. 

What if you were to plan ahead of time to determine what you need to take your business to the next level? 

What if it’s time for a CFO? 

Watch this short video for a brief overview: https://resources.hsccpa.com/project/the-benefits-of-hiring-an-outsourced-cfo/

Yes, hiring a CFO may seem to be out-of-reach–however, have you considered an outsourced CFO? 

Watch the video for some keen insights. 

You may find that the timing for your business is perfect.

Lean Inventory Valuation: Lean Accounting and GAAP Compliance Introduction

(Published in October 31, 2017 issue of Thomson Reuters “Tax & Accounting”)
Lean Accounting refers to a collection of principles, practices and tools that are used by lean companies to measure the business, control operations, analyze and make sound financial decisions and finally improve all financial processes.  Lean Accounting practices have been around since the early 1990’s, and as long as they’ve been around there have been some that argue Lean Accounting practices don’t comply with Generally Accepted Accounting Principles (GAAP). This idea then usually leads to a debate about Lean Accounting vs. conventional inventory valuation systems. Continue reading “Lean Inventory Valuation: Lean Accounting and GAAP Compliance Introduction”

Successful Succession Planning Strategies

(Published in Construction Accounting and Taxation, May/June 2017 issue)
As 70 million baby boomers reach retirement age, it is estimated that 12 million privately owned businesses will sell or bequeath assets worth $10 trillion over the next two decades.1 Proper succession planning is just as crucial for the boomers’ employees as it is for the exiting business owners. Our firm has seen a steadily growing number of contractor clients enter into business transactions over the past two years, and there are many more working on plans for that day. Continue reading “Successful Succession Planning Strategies”

Winning Strategies in the War for Talent

(Published in Construction Executive, June 2016 issue)
A top concern for most construction companies is the future of the workforce, including both field and office personnel. During the last several months, contractors have seen an increase in bidding opportunities with less competition, along with increased gross margin, which indicates a growing need for personnel. When the economy was in a downward spiral, many construction workers left the industry and haven’t returned. Plus, overwhelming numbers of workers are retiring and fewer people are joining the industry. All of these factors have combined to create a war for talent.

Companies can use several strategies to help retain current employees and attract new ones. Continue reading “Winning Strategies in the War for Talent”

Raising Your Interest in Working Capital Management

Lower interest rates in recent years have dimmed the spotlight on the essential business function of working capital management. Many companies have chosen to take advantage of lower interest rates by borrowing against their lines of credit instead of continually improving their working capital processes and collection practices. This strategy may be workable now, but what happens when interest rates begin to rise? Continue reading “Raising Your Interest in Working Capital Management”

Taking Command of Your Equipment Fleet

(Published in Construction Accounting and Taxation, March/April 2013 issue.)
Total annual construction spending put in place in the United States has dropped from a high of over $1 trillion pre-2008 to below $800 billion in the last few years according to FMI Corporation 2012 data. This 20 percent drop in spending has caused most contractors to evaluate their costs more diligently and in many cases to make drastic expense cuts. For construction companies with a large equipment fleet, this can be a daunting task. Continue reading “Taking Command of Your Equipment Fleet”