8.1.23
Be Aware of Federal Unemployment Tax Return (FUTA) Credit Reduction States
If your manufacturing business has employees, it means you are paying wages and filing the annual federal payroll tax return. But do you know what…
8.1.23
How Profitable Are the Products You Manufacture?
Most manufacturers have a good idea of their overall profitability, but not necessarily the profitability of individual products. Unless you track the costs of manufacturing…
8.1.23
Manufacturers: If Available, Take Advantage of Sales Tax Exemptions
Manufacturers must comply with all relevant tax laws to avoid dire consequences. While the most attention is generally directed toward federal income and payroll taxes,…
7.31.23
Should Your Construction Business Invest in Custom Software?
Construction business owners are regularly urged to buy the latest and greatest software. But no such tool is perfect. Off-the-shelf products don’t always provide the…
7.31.23
Beefing up Benefits May Save Tax Dollars for Construction Businesses
Construction companies continue to find themselves embroiled in a protracted battle for skilled labor. One fundamental way to recruit the best talent and retain valued…
7.31.23
Use Proactive Measures To Manage Materials and Labor Costs
High inflation and rising interest rates are still affecting many businesses. For construction company owners, this means you’ll need to continue paying close attention to…
7.31.23
In Retrospect – A Look Back at Adoption of the New Accounting Standard for Leasing
Private companies were required to adopt the new lease accounting standard, FASB ASC 842, for their calendar year-end reporting date as of December 31, 2022.…
7.31.23
Is It the Right Time for Your Company To Consider Solar Panels?
Are you considering solar energy for your business but worried about the costs versus potential benefits? The Solar Investment Tax Credit (ITC) and the Solar…
7.31.23
IRS Provides Transitional Relief for RMDs and Inherited IRAs
The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking required minimum…
7.24.23
A Tax-Smart Way To Develop and Sell Appreciated Land
Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them off for…