6.22.22
Six Tips for Dealing With Rising Material Prices
Manufacturers face enormous business challenges today. The top two are rising raw material costs and supply chain challenges, according to the fourth quarter 2021 Manufacturers’…
6.22.22
Independent Contractor vs. Employee: Are Your Manufacturing Workers Properly Classified?
Manufacturing company owners may mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their…
6.22.22
Businesses Will Soon Be Able To Deduct More Under the Standard Mileage Rate
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of a…
6.22.22
Adding Value With Life-Cycle Cost Analysis
In today’s challenging economic environment, many construction companies are looking for a competitive edge that distinguishes them from other contractors in their markets. One way…
6.22.22
Could You Qualify for an Energy-Efficient Tax Deduction?
Section 179D of the tax code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain…
6.21.22
Is Your Employee Benefit Plan Up to Date? Don’t Miss These Required Deadlines!
Your pre-approved employee benefit plan document will likely be getting a “facelift” soon thanks to certain Internal Revenue Service (IRS) required restatements and amendments. Plan…
6.21.22
Significant Changes Arising From the New York State 2022-2023 Budget Bill
On April 9, 2022, the Governor of New York, Kathy Hochul, signed the State’s 2022-2023 fiscal year budget into law. This legislation, as well as…
6.20.22
Nonworking Spouses May Still Contribute to an IRA
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps…
6.20.22
Can You Deduct the Costs of a Self-Managed Portfolio?
Do you have significant investment-related expenses, including payment for financial service subscriptions, home office maintenance and clerical support? Under current tax law — specifically the…
6.20.22
Partners May Have To Report More Income on Tax Returns Than They Receive in Cash
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on…