Jul 11, 2022 | Accounting, Advisory, Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Startup Business, Tax, Wine
When it comes to minimizing the amount paid in taxes, small and medium business owners do not always know all the options available to their businesses. If you own a small or medium business, it may be eligible for some significant tax breaks that are not...
Jun 27, 2022 | Accounting, Advisory, Blog, Closely Held Businesses, Manufacturing, Startup Business, Tax
First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. These tax write-offs can benefit a manufacturer’s cash flow, but claiming them is not always the best...
Feb 9, 2022 | Accounting, Advisory, Blog, Closely Held Businesses, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business, Tax
Businesses that received Paycheck Protection Program (PPP) loans can apply for forgiveness once all loan proceeds for which they are requesting forgiveness have been used. On November 18, 2021, the IRS issued a series of three Revenue Procedures addressing the tax...
Nov 29, 2021 | Accounting, Advisory, Blog
In order to bridge the financial gap created by government mandated shut downs and decreased business during the pandemic, some businesses might need to apply for affordable conventional loans — or negotiate more favorable terms for their existing debt. Doing so can...
Nov 19, 2021 | Accounting, Audit, Blog, Nonprofit
Through the pandemic, electronic payment methods gained additional attention and became increasingly popular. Electronic payments offer convenience and time savings advantages, but they also present challenges such as security concerns and internal opportunities to...
Sep 20, 2021 | Accounting, Advisory, Benefit Plans, Blog, Tax
If your company offers employees a qualified retirement plan, it is probably a 401(k). But this popular option is not the only game in town. You may want to offer an additional retirement savings vehicle — such as a supplementary executive retirement plan (SERP) — to...
