Jun 30, 2022 | Advisory, Blog, Closely Held Businesses, Family Administrative Services, Manufacturing, Real Estate and Construction, Startup Business, Tax
The IRS recently announced it will be increasing the standard mileage rate to 62.5 cents a mile for qualified business drivers for the second half of 2022. The adjustment reflects rising costs at the gas pumps this year. Background If you use a vehicle for business...
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...
May 26, 2022 | Advisory, Blog, Closely Held Businesses, Cybersecurity, Estate Planning, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business
According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion in 2021. That’s almost double 2020 numbers — and the momentum shows no signs of slowing. In addition to outright cryptocurrency theft,...
May 23, 2022 | Blog, Manufacturing, Nonprofit, Startup Business
Entrepreneurs who launched new business ventures within the last year or so may find themselves contemplating a change but fear a shift at this point could be harmful. However, it is not too early to shift gears or even adopt a complete overhaul for your business....
May 9, 2022 | Blog, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business
Increases in the price of consumer goods will affect most businesses, sooner or later. For example, if you operate a restaurant, spikes in food prices directly affect you. If you operate a fleet of delivery vehicles, you’re already feeling the effect of rising...
Mar 21, 2022 | Blog, Closely Held Businesses, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business
Few things in life are certain, but when disaster strikes, the number of fraud incidents will probably skyrocket. In the wake of a hurricane, tornado, flood, fire, earthquake, or other unexpected catastrophe, fraudulent operators are always quick to surface. Often,...