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What Is The New Uniform Guidance?

Federal grant rules just changed, and the ripple effects touch budgets, audits, and day-to-day controls. We sit down with audit director Sharon Blazejowski to translate the new uniform guidance into plain language and practical next steps for nonprofits, governments, and charter schools. From the raised single audit threshold to the higher de minimis rate and equipment capitalization changes, we connect each policy shift to what it means in your ledger, your policies, and your audit file.

We break down which entities may exit single audit requirements at the one million dollar mark and why “less audit” does not mean “less compliance.” Sharon explains how the Type A program threshold affects major program selection and how to recalibrate testing plans. We detail how to correctly apply the 15% de minimis rate, adjust budgets, and avoid overbilling. We also cover the explicit push to fold cybersecurity into internal controls, including access control, incident response, and vendor risk where federal information is involved.

If you touch federal funds, you’ll leave with a clear picture of audit readiness: a running SEFA tied to the general ledger, mapped OMB requirements to controls, tested eligibility and procurement, and documented subrecipient monitoring with suspension and debarment checks. We share the most common pitfalls—stale policies, weak procurement documentation, and unclear cost allowability—and show how finance and grants teams can work together with better segregation of duties, monthly reconciliations, and grant management software. Want a calmer, cleaner audit and stronger compliance posture all year long? Press play, then subscribe, share with your grants team, and leave a review to tell us what topic you want next.

To learn more about MP CPAs visit:
https://thempgroupcpa.com/
MP CPAs
413-739-1800

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How Can Employee Benefits Plans Trigger An Audit?

Ever wonder how a tiny payroll hiccup can snowball into a costly compliance issue? We dig into the real-world mechanics of employee benefit plans—401(k), 403(b), and pensions—and show how small process gaps turn into late remittances, missed enrollments, and broken match formulas. With Audit Senior Meghan Boone guiding the way, we translate ERISA audit thresholds, timing expectations, and plan document nuances into clear, workable steps any HR, payroll, or finance team can use.

We break down when an audit becomes mandatory and why the 100 and 120 eligible participant thresholds matter more than most realize. From there, we go straight to the hotspot errors: deposits that don’t reach the trust “as soon as administratively possible,” compensation definitions that don’t match what the plan document actually says, and eligibility rules that fail silently when systems aren’t in sync. You’ll hear practical guardrails—automation between payroll and the trust, cycle-by-cycle reconciliations, eligibility reporting, and staff training—that shrink risk and make audits faster and cleaner.

When issues surface, speed and transparency are everything. We walk through scoping the impact, calculating lost earnings, and choosing the right path with the IRS EPCRS or DOL programs. Beyond fixes, we emphasize building a year-round compliance rhythm: quarterly reviews tying payroll, trust, and recordkeeper data together; tight communication between HR, payroll, and finance; and documenting every amendment, approval, and change so controls are provable. The result is fewer findings, stronger participant protection, and a plan that stands up to scrutiny without the drama.

If this conversation helps you tighten your process or avoid a late deposit, share it with your HR and finance teammates. Subscribe for more practical guidance, leave a quick review to tell us what helped most, and send us your toughest benefits question for a future episode.

To learn more about MP CPAs visit:
https://thempgroupcpa.com/
MP CPAs
413-739-1800

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Big Beautiful Bill – Business Edition – Tax Senior Bryce Thompson

New tax rules rarely hand business owners this much control over cash flow, but the latest bill does exactly that. We sit down with Bryce Thompson, Tax Senior at MP CPAs, to break down what actually changes your bottom line: the return of 100% bonus depreciation for most non-residential assets, a bigger Section 179 limit, immediate expensing for qualified production property in U.S. manufacturing, and the shift back to EBITDA for Section 163(j) interest limits. Bryce explains how these provisions can accelerate deductions, improve financing capacity, and help you reinvest sooner.

We dig into practical strategy, not buzzwords. You’ll hear how to time capital purchases around income, why state conformity can erode a clean federal win, and when it makes sense to push placed-in-service dates into 2025. For innovators, domestic R&D becomes fully deductible starting in 2025, with a powerful retroactive election for small businesses to reclaim previously capitalized costs. We map the deadlines, tradeoffs, and modeling steps to capture the most value without tripping over multi-year consequences.

Founders planning exits will want to note tighter QSBS timelines and higher caps: a reduced holding period with tiered exclusions, an increased per-issuer cap to 15 million, and a larger asset threshold that broadens eligibility. Put together, these changes reward smart sequencing—aligning purchases, financing, and equity plans to your revenue curve. If you’re building, modernizing, or preparing to sell, this is a timely playbook to turn tax law into leverage. If this helped clarify your next move, follow the show, share it with a colleague, and leave a quick review so others can find it.

To learn more about MP CPAs visit:
https://thempgroupcpa.com/
MP CPAs
413-739-1800