4Thought Blog

Manufacturers: Claim Faster Write-Offs With Cost Segregation

Manufacturers often own the building, or several buildings, where their goods are produced for public consumption. Normally, it takes almost four decades to fully recover the cost of a commercial property through depreciation deductions. Fortunately, there’s a viable alternative that can help. By commissioning a cost segregation study, a manufacturer may be able to claim…

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Unrelated Business Income Tax: The Three-Part Test for Nonprofits

If certain IRS requirements are met, a nonprofit organization is exempt from federal income tax. But that doesn’t mean it’s completely off the hook. Your nonprofit may still be liable for unrelated business income tax. Here’s how you determine your organization’s exposure.

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8 Tips to Boost Creditworthiness for Construction Companies

As you probably know, construction businesses are frequently scrutinized for their creditworthiness and financial stability by sureties, banks, insurers and other parties. Your ability to build and protect your financial reputation is critical to winning work and managing risk. Building creditworthiness is a daily and monthly process. But the payoff is worth the effort: easier…

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9 Tax-Saving Moves for Individuals in 2021

With year end rapidly approaching, it’s time to consider making some moves that will lower your 2021 federal income tax bill — and potentially position you for future tax savings. Unfortunately, tax planning is particularly challenging this year, because the tax rules for 2022 aren’t yet certain. In fact, they may not even be certain…

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5 Year-End Tax Planning Tips for Businesses for 2021

You still have time to significantly reduce this year’s business federal income tax bill even with all the uncertainty about proposed tax law changes. Here are five possible moves to consider — but stay tuned for developments. Congress is currently considering some major tax changes. If approved, it’s unclear when they will all take effect.

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Restaurant Technology Series Part 1: The Restaurant of the Future

More than a year ago, no one could have predicted the unprecedented challenges faced by so many restaurants around the world due to a major global pandemic. Customer demand for convenience and flawless digital experiences are on the rise and further fueled by the pandemic. How can restaurants improve the new generation customer experiences using…

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Separating Real Estate Assets from Your Business: Learn the Tax Benefits

Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on the property. Or legal liabilities encountered by the company could affect property ownership. But there are valid and potentially beneficial tax reasons for holding real estate in a separate entity as…

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Offering New Benefits to Attract Employees? Watch for Tax Consequences

Although some companies that sent workers home during the pandemic have returned them to the office, many businesses continue to rely on remote workers. At the same time, companies in a range of industries are struggling to find and keep employees. This unusual business environment has spawned some innovative fringe benefits — or expanded traditional…

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Manufacturing: How to Use Predictive Analytics to Reduce Losses

The manufacturing supply chain is only as strong as its weakest link. But how does a firm know where its weakest link lies? The answer may be found with predictive analytics. As the name suggests, this branch of advanced analytics uses many techniques to predict where a system can break down, so it can be…

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Top Considerations for the Nonprofit Sector for 2021 (Part Two)

Many nonprofits are dealing with the uncertainty of the ongoing pandemic as well as increased demand for their services. It’s a delicate balancing act, but with proper systems and support, nonprofits are up for the challenge. The first blog of this two-part series covered how the sector has benefited from COVID-19 relief funds, along with…

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