4Thought Blog

Tax Moves for 2018: Act Now! Time’s Running Out!

The passage of the Tax Cuts and Jobs Act (TCJA) in late 2017 brought significant changes to the tax landscape. As the first tax season under the law looms on the horizon, new year-end tax planning strategies are emerging. Meanwhile, some of the old tried-and-true strategies have changed and others remain viable.

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Cash Management & Obtaining Financing: What Every Manufacturer Should Know

Cash flow is the lifeblood of every manufacturing company. While many business practices factor into your company’s cash flow, two are especially important: cash management and obtaining outside financing. Effective and efficient cash management practices can help best administer the money coming in and out of your business. And bank loans can sometimes be necessary…

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Buying a New Restaurant? Borrow Techniques from a Turnaround CFO

Growing your business is the primary focus of every entrepreneur. Whether growth occurs by way of increasing sales and cash flows at existing business divisions or via acquisition and expansion, the challenges faced are often strikingly similar. That being said, let’s examine for a moment the prospects and hurdles one will often face when buying…

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Construction Accounting: How to Determine the Best Method

As you may know, contractors have multiple accounting methods to choose from. But some are off-limits to certain contractors. As your construction company endures the ups and downs of a bumpy industry, it’s worth your while to review your options.

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Business Succession Planning: How to Start Your Exit Plan

The business world is in for a major generational shift – a recent survey found 79% of business owners plan to exit their businesses within the next 10 years. The survey, conducted by the Business Enterprise Institute and the Conway Center for Family Business, found more surprising statistics. Only 30% of family-owned businesses succeed in…

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Act Now to Cut Your 2018 Tax Bill

The Tax Cuts and Jobs Act (TCJA) created more than 100 new tax provisions — a staggering thought as you begin to prepare for the next filing season. The good news is that these and some of the surviving provisions create a wealth of year-end planning opportunities.

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Nonprofits & Debt: What to Weigh Before Borrowing Money

Debt is an integral part of the strategic plans of many organizations, yet it has traditionally carried a stigma in the nonprofit industry. That view is changing, as more organizations borrow money for major capital purchases, new program funding — even to manage current cash flow. But if you’re hoping to borrow funds, know that…

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New Lease Accounting Standards: What Businesses Need to Prepare For

If the financial covenants between your company and your bank are based on GAAP (Generally Accepted Accounting Principles) Financial Statements and include any measure of total liabilities – which most do – you need to be ready for what is coming. Under an Accounting Standards Update which was issued in April 2016 and effective for…

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The R&D Tax Credit: Many Businesses Can Qualify (Video)

The R&D or Research and Development Tax Credit is available to far more industries than you’d think, including manufacturing, construction and software development among many others. You don’t have to develop a new product to qualify; even improving processes can be a qualifying activity. The R&D Tax Credit is one of the most lucrative available…

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Multiple Tax Entities: The Pros and Cons for Construction

It might be advantageous from a tax standpoint to run a business through multiple entities. For example, a construction company might form a separate company to own and lease its trucks and equipment back to its related entities. Or a corporation might transfer appreciated property to an affiliated corporation in order to limit risk in…

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