4Thought Blog

Small Businesses: Get Free Financing, Tax Advice for Small Business Week

Small businesses are the lifeblood of the U.S. economy. That’s recognized nationally through National Small Business Week and locally through the Pennsylvania Small Business Week. Both weeks run April 30 through May 6, and both the federal and state governments are holding multiple free webinars providing small businesses with tax, financing, marketing and other guidance.

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Lehigh Valley Manufacturers: Where to Find Import-Export Assistance

There’s no doubt businesses now operate in a global marketplace – for both the good and the bad. On the upside, the global economy presents more opportunities for new markets and business growth. And that’s not the only way to increase profits through exporting – businesses that export also may qualify for several lucrative tax…

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Business Productivity and the Rule of Three

We all sometimes wish that there were more hours in the day or that we could somehow clone ourselves in order to get everything that we needed or wanted to get done, done … right? In our increasingly complex and time-constrained world, the concept of productivity takes center stage. We are left pondering questions like:…

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Car Depreciation Rules for Business Owners: What You Need to Know for 2017

For business owners who own a company vehicle, there are some new tax write-off figures to be aware of. The IRS last month issued the 2017 inflation adjustments to the depreciation limitations for certain business vehicles. The new depreciation amounts are for vehicles that are placed in service in 2017 and to which first-year bonus…

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Seasonal Businesses: How to Best Manage Cash Flow

What do pumpkin patches, ski resorts, ice cream shops and accounting firms have in common? They’re all seasonal businesses that experience a surge in revenues during their busy seasons that tapers off in the slow season. Seasonal peaks and troughs present challenges that require creative planning and fiscal prudence.

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Your McDonald’s Investment/Re-Investment – Will It Really Pay Off?

The business of owning and operating a McDonald’s restaurant franchise is without a doubt, capital intensive. From the hefty initial investment to the steady stream of re-investments to keep your restaurant operating at peak performance, the amount of capital poured into your business is substantial.

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Home Mortgage Interest Deductions: There’s a Big Change for 2016 Tax Returns

If you own a home with a mortgage, you should receive an IRS form from your lender each year with information that is used to claim an itemized deduction for qualified residence interest. For 2016, that form should include additional information that could trigger unwanted attention from the IRS. Here’s what you should know about…

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Operational Improvement Assistance for Lehigh Valley Manufacturers Seeking Growth

Faster. Cheaper. Better. Every manufacturer continually seeks improved efficiencies. It’s not just the time it saves, but the materials and labor costs, as well. Your company probably holds monthly if not weekly meetings featuring brainstorming sessions on how to improve efficiencies. But in the Lehigh Valley, you don’t have to brainstorm alone. There are several…

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Business Owners Can Accomplish Their Goals – If They Prioritize

We all have great ideas and plans. But actually moving on them is really hard. (It really isn’t, but we make it that way.) Why? Because you can’t do everything. I know – nothing new there – but we all get caught up in it. There are three resources we all have in limited supply:…

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Don’t Miss the New FBAR Filing Deadline – It’s Fast Approaching

Do you have an interest in — or authority over — a foreign financial account? If so, the IRS wants you to provide information about the account by filing a form called the “Report of Foreign Bank and Financial Accounts” (FBAR). The annual deadline for filing FBARs has been changed. It now coincides with the…

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