1.19.23
Manufacturers, Be Proactive: “Recession-proof” Your Business Now
You’ve likely heard the steady drumbeat of news that 2023 may see a global recession. Whether that prediction comes to fruition depends on myriad variables.…
1.19.23
Planning an Exit Strategy for Your Business
Every business owner should have an exit strategy that helps recoup the maximum amount for his or her investment. Understanding the tax implications of a…
1.17.23
Energy Credits Under the Inflation Reduction Act
The Inflation Reduction Act of 2022 (the “Act”) was signed into law by President Biden on August 16, 2022. It contained several provisions that created,…
1.13.23
Significant Changes to the 179D Energy-Efficient Commercial Buildings Deduction
The Inflation Reduction Act of 2022 (the “Act”), signed into law in August, has a direct impact on the construction industry. The Act includes new…
1.12.23
Employers Should Be Wary of ERC Claims That Are Too Good To Be True
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic.…
1.6.23
Significant Tax-Focused Changes Arising From the SECURE 2.0 Act of 2022
On December 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, which contained the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0…
1.4.23
The Standard Business Mileage Rate Is Going Up in 2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the…
1.4.23
How To Minimize the S Corporation LIFO Recapture Tax
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last…
1.3.23
Are You at Risk of Retirement Plan Leakage?
Generally, the term “leakage” has negative connotations. So, it’s not surprising that the same is true in the context of retirement planning, where leakage refers…
1.3.23
Are You at Risk for Investment Fraud?
Many perpetrators of investment fraud know how to push the right psychological buttons to entice their “marks” to buy worthless or nonexistent securities. You can…