4Thought Blog

Philadelphia’s Soda Tax – What McDonald’s Franchisees Need to Know

The City of Philadelphia’s Sugar Sweetened Beverage Tax became effective January 1, 2017. This is the first “soda” tax passed by a major city. The City passed the tax, estimated to generate over $90 million annually, in an effort to provide additional funding to schools, parks, recreation centers, and libraries. The new law defines two…

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Business Strategy 101 – Anyone Have an Extra Napkin?

Some of the best-laid company plans were created on the back of a napkin. Lots of scribbles and doodles, but in the end, that lunch time, strategy brain dump was like gold. And it all fit on “one page.” As businesses grow, leadership gets so engrossed in survival that they forget to stop, review, and…

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Estate Planning: The Three Most Important Documents You Need

Establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. In addition to saving taxes, it’s essential to ensure your assets will be distributed according to your wishes. In many instances, people spend more time planning a family vacation than they do planning their…

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Pennsylvania Budget Proposal Seeks $1 Billion in Business Tax Changes

Pennsylvania Gov. Tom Wolf’s proposed 2017-18 budget contains no broad-based tax changes, but does include some important tax changes for the state’s businesses. The $32.3 billion spending plan – which the Governor unveiled Feb. 7 to a joint session of the Pennsylvania General Assembly – includes about $1 billion in new, recurring revenues. Overall spending…

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Adding to Your Workforce? Check Out These Grants, Tax Credits Available for Job Creation

Job creation in itself provides many upsides for manufacturers. It’s usually undertaken when business is booming. It increases productivity and provides more local employment. But there’s another big upside for job creation available to Lehigh Valley manufacturers – money. The federal, state and local governments all offer funding expressly for job creation in the form…

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What 2017’s Economic Uncertainty May Mean for Your Business Valuation

Businesses currently face numerous uncertainties in the marketplace. As President Trump and Republican congressional leaders work toward fulfilling their campaign promises, tax laws could substantially change, the estate tax could be repealed, and various laws and regulations – including the Dodd-Frank and Affordable Care Acts – could be repealed or revised. Interest rates and inflation…

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10 Tax Changes That Could Affect Your 2016 Return

Several significant tax developments happened last year that may affect federal income tax returns that individual and business taxpayers file in 2017. Here’s a quick look at 10 key changes that you should be aware of during this tax season.

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IRS Warns Businesses About W-2 Email Scam

The IRS, along with state tax authorities and the tax preparation industry, is warning businesses of an email phishing scam using a corporate officer’s name asking for employee W-2 forms from payroll and human resources departments at companies. The IRS said Wednesday it has been hearing complaints this week the email scam is making its…

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Better Business Bureau Warns Against QuickBooks Email Scam

Businesses using Intuit’s QuickBooks accounting software should be on the alert about a new email phishing scam. The Better Business Bureau has issued a scam alert about a new con targeting small businesses that use QuickBooks.

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Improve Your Business’s Cash Management Through Financial Statement Reconciliation

The start of a new year is the prime time for resolutions, including financial resolutions. If you’re a business owner or finance officer, those resolutions should include reconciliation of your bank and financial statements. Closing out your 2016 bank statements and starting with a fresh accurate bank statement in 2017 is one step in ensuring…

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