7.6.21
Are Scholarships Taxable?
Many young adults are heading off or back to college in the fall. It’s particularly exciting this year because of high hopes that, thanks to…
7.6.21
Curtailing Tax Surprises With Cryptocurrency
As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes increasingly popular, investors need to understand the potential tax ramifications. Unlike traditional currency, the IRS views…
7.6.21
10 Facts About the Pass-Through Deduction for Qualified Business Income
Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction. The…
6.30.21
Tackling Volunteer Liability Issues
During the pandemic, your not-for-profit may have been forced to operate without your dedicated volunteers. It has probably come as a great relief to welcome…
6.28.21
Connecting Your Succession Plan to Your Estate Plan
For any business owner, contractors included, putting together a succession plan may seem like an overwhelming task. Often, among the most difficult things to conceptualize…
6.28.21
Eligible Businesses: Claim the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in…
6.24.21
Vetting Subcontractors Is More Important Than Ever
General contractors now face two primary challenges: 1) recover from project shutdowns and slowdowns caused by the pandemic, and 2) capitalize on what could be…
6.22.21
The Evolution of ERP to Today’s Modern Business Systems
For many manufacturing companies in the late 1990s and early 2000s, the implementation of an Enterprise Resource Planning (ERP) system promised greater efficiency and effectiveness…
6.21.21
Workforce Development Helps Manufacturers Address Labor Shortage Challenges
The manufacturing skilled labor shortage has increasingly become a critical issue for the industry over the past decade. According to the National Association of Manufacturers…
6.21.21
Traveling for Business Again? What Can You Deduct?
As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of…