Professional Services
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The Mystery of the Shrinking Pay Gap: Strategies to Combat Wage Compression
In most cases, a shrinking pay gap is a cause for celebration, except in the context of wage compression. Much like a magician’s subtle sleight of hand, wage compression baffles the audience with a mysteriously vanishing pay gap between new hires and seasoned staff, leaving businesses and HR professionals grappling with the trick of restoring…
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9 Reasons Your Employee Handbook Deserves an Annual Review
As a human resources or organizational leader, you know that your employee handbook is the cornerstone of your company’s HR framework, serving as a vital tool for communicating company policies and expectations to your team. Your handbook is essential for ensuring that staff and management are aligned on company and legal guidelines, which in turn…
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Local Business Coach Empowers His Clients to Work Smarter, Like He Does with the Help of MyOfficeOps
As the founder of a consultancy focused on executive and business coaching, Mike Martin has had his share of clients who’ve exhausted themselves trying to do it all. The advice he gives them is to identify the time-consuming tasks that can be outsourced to a trusted partner, so they can silo their work on the…
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ABA Centers Opens Its First Pennsylvania Autism Care Center in Bala Cynwyd
ABA Centers of Pennsylvania, a for-profit care provider, has opened its first autism care center in Bala Cynwyd, writes John George for the Philadelphia Business Journal. The company, which was founded in 2020, plans on opening two more centers in the Philadelphia suburbs later this year, in King of Prussia and Langhorne. Prior to opening…
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Montgomery County Leadership: Steve Rickel, CEO, MyOfficeOps
Steve Rickel, CEO of MyOfficeOps, spoke to MONTCO Today about growing up in a small farm town in Indiana. He was the only boy in his family, among three sisters and four female cousins. He recalled working part-time on his grandfather’s farm, where he learned repair skills he still uses today. Rickel discussed the influential…
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Freedom Village: What Is a Person-Centered Approach to Dementia Care?
When you’re searching for senior care for a loved one with memory loss, look for person-centered dementia care, a place where that person will be empowered to live each day as fully as possible. As the name implies, person-centered care is an approach that sees the person before anything else, drawing focus to the individual…
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Brumbaugh Wealth Management Enhances Operational Efficiency with West Chester-Based MyOfficeOps
For small business owners like Kim Brumbaugh, the CEO of Brumbaugh Wealth Management, every second spent on administrative tasks like bookkeeping and payroll is time that can’t be spent in the trenches, doing the critical work that drives revenue for her Exton-based firm. “Running a business can be daunting and requires a lot of work…
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RKL Achieves Industry Excellence with Best of Accounting Award
For the second straight year, RKL, a CPA and advisory firm with an office in Exton, won a 2024 Best of Accounting Award for client satisfaction. The honor from B2B directory ClearlyRated is based on input and ratings received in the firm’s latest client survey. In the survey, RKL earned a world-class Net Promoter Score…
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Three Keys to Prepping a Family-Owned Business for a Successful Transition
Deciding to sell your family-owned business isn’t just a financial decision; it’s an emotional journey that involves your colleagues, your loved ones, and in many cases, your family’s legacy. As you prepare the company for new ownership, the three to five years leading up to the transition require considerable planning. A recent study noted that 75 percent…
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DunlapSLK Explains New, Game-Changing Option for Unused Funds in a 529 College Savings Plan
In the face of soaring college costs, many parents opt for 529 plans early on, hoping to give their children a financial head start on higher education. These plans, while not offering tax-deductible contributions, do allow for tax-deferred growth, with the sweetener that earnings used for qualified education expenses can be withdrawn tax-free. However, should…
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RKL’s 2023 Regional Transaction Report Tracks M&A Activity
Regional and national mergers and acquisitions (M&A) continued a downward trend in 2023 following the high-water mark set in 2021 for deal activity, according to a new report from advisory firm RKL, which has an office in Exton. The number of transactions in Central and Southeastern Pennsylvania decreased 18 percent versus 2022. When comparing 2023…
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U.S. Department of Labor Issues New Final Rule on Independent Contractor vs. Employee Status
The U.S. Department of Labor (DOL) has introduced a new final rule that changes how workers are classified as either independent contractors or employees under the Fair Labor Standards Act (FLSA), advises DunlapSLK, a CPA and business advisory firm based in Chalfont. This new rule, which went into effect March 11, 2024, replaces the previous…
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CEO of West Chester-Based MyOfficeOps to Offer Valuable Insight on Business Farewell Planning on April 23
In an era where the future of business is as uncertain as it is exciting, strategic planning for all eventualities has never been more critical. Too often, business owners find themselves working “in” rather than “on” their business, dedicating most of their time to daily operations and addressing immediate challenges. Unfortunately, this leaves little time…
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RKL Named Among America’s Most Recommended Tax Firms
USA Today has ranked RKL, a CPA and advisory firm with an office in Exton, first in Pennsylvania among America’s Most Recommended Tax Firms. For the first time, the newspaper, in cooperation with Statista, rated the Top 100 tax firms in the United States based on recommendations from peers and clients. “Supporting our clients…
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It’s Time to Take Control: Reduce the Risk of Fraud in Your Nonprofit by Strengthening Internal Controls
You’ve heard the reports on the local news. A Pennsylvania church worker is accused of stealing at least $340,000 from the church’s charitable donations fund. A fire department treasurer is accused of stealing more than $250,000 from the fire company over a period of seven years. So how can you keep this from happening to…
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RKL Private Wealth to Grow and Serve Greater Philadelphia Market with Advisor Jennifer Connolly
Six years ago, RKL, a leading CPA and advisory firm with offices in Pennsylvania and beyond, grew its footprint in Eastern Pennsylvania by opening its Exton office, offering a wide range of services like assurance, tax, and financial and management consulting. As the firm continues to grow its footprint statewide, RKL Private Wealth, one of…
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Understanding the Evolving Landscape of BOI Reporting Requirements
Beneficial ownership information (BOI) reporting was set to kick off in 2024, but in an unexpected turn of events, a federal court in Alabama ruled the Corporate Transparency Act as unconstitutional, leaving many small businesses unclear on how to proceed with BOI reporting requirements. Originally passed in 2020, the act aims to capture more information…
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RKL Again Recognized by Accounting Today as Pennsylvania’s Leading Accounting Firm
CPA and advisory firm RKL, which has an office in Exton, ranked first in Pennsylvania and 58th nationwide in the latest roundup of the 100 largest firms from industry publication Accounting Today. RKL’s 2024 national ranking is based on the previous year’s revenue of $126.23 million, up 11.5 percent from last year’s total. The firm held…
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