7.17.24
Manufacturers Should Consider These Seven Midyear Tax-Reduction Moves Now
July marks the halfway point of the year and is generally an ideal time for manufacturers to assess their tax situation and plan appropriate strategies…
7.16.24
New Reporting Requirements for the Research and Development Tax Credit
On June 21, 2024, the Internal Revenue Service (IRS) issued additional guidance on its proposed changes to claiming the Research and Development (R&D) tax credit,…
7.15.24
If Your Business Has Co-Owners, You Probably Need a Buy-Sell Agreement
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing…
7.12.24
Business Owners: Understanding Value Is Key To Updating Your Estate Plan
Summer is a great time for business owners to review their estate plans. Maybe your kids are home for summer break, so they’re top of…
7.8.24
Selling Trade or Business Property? Know the Tax Effects
If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply.…
7.1.24
Consider Borrowing From Your Corporation but Structure the Deal Carefully
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank.…
6.24.24
2024 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2024. Keep in mind that this list…
6.24.24
What Distressed Property Owners Might Expect From the IRS
The commercial real estate market has been rough for some time, and the residential market has seen wild fluctuations. Factors like inflation, high interest rates…
6.21.24
Secure 2.0: Which Provisions Went Into Effect in 2024?
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement plan…
6.20.24
Key Financial Ratios That Will Improve Your Manufacturing Business
Financial ratios in the manufacturing industry serve as important navigational tools that help management evaluate the economic health and company trajectory. They provide an understanding…