In the current political climate, just about the only thing manufacturers can be certain about is continuing uncertainty. Everything from changes to foreign trade policies, to new tariffs, to military actions threaten to disrupt smooth operations in the manufacturing sector. To complicate matters, there’s no clear timeframe for when (or if) events will transpire. Already, manufacturers…
The IRS defines an opportunity zone as an “economically distressed community where new investments may be eligible for preferential tax treatment.” The Treasury has certified nearly 9,000 of these districts across all U.S. states and its territories, including the entire island of Puerto Rico. An opportunity zone designation has the potential to trigger a rush…
Most businesses will owe less tax for the 2018 tax year than they would have under prior law, thanks to changes brought by the Tax Cuts and Jobs Act. But have you done everything possible to lower your business tax bill for last year? Even though 2018 is in your review mirror, there are some possibilities…
Today (and since 2004) salaried employees who earn at least $455 per week aren’t eligible for overtime pay under the Fair Labor Standards Act, if their job duties are executive, administrative or professional (EAP) in nature. That’s true no matter how many hours these employees work in a week. Under proposed regulations, the limit would rise…
It’s almost Tax Day! But don’t despair; there still may be time to make some moves that will save taxes for your 2018 tax year. Here are five tax-saving ideas to consider.
Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act. And some will spend their tax savings on merging with or acquiring another business. Before you jump on the M&A bandwagon, it’s important to understand how your transaction will be taxed under current tax law.
Taxes generally aren’t a top business concern for nonprofits, but if your organization has unrelated business income, it’s an issue even tax-exempt organizations have to keep track of. What’s unrelated business? It involves a trade or business regularly carried on (including seasonally) by an organization, which isn’t substantially related to the exercise or performance of…
Certified Exit Planning Advisor Andy Kahn, a shareholder with Concannon Miller, was quoted in a recent Lehigh Valley Business article about the current state of business mergers and acquisitions (M&A). Check out his insight and advice below:
It is an undeniable fact – the world is changing and at breakneck speed. In almost every corner of society, technology and cultural tastes are reshaping they way things are done, produced, consumed – you name it. Businesses will need to continually adapt and remake themselves in order to remain relevant, let alone profitable. The…
Throughout the year, construction companies and real estate developers need to be able to provide verified financial results to others. This may be your CPA, a lender or investor, a potential purchaser of your business — should you decide to sell — or another interested party. Not to mention that you, as the construction company…
