4Thought Blog

Ex-Pat Taxation: What to Look for in a CPA (Video)

Concannon Miller provides white glove service to its ex-pat clients, providing ongoing communication to ensure tax returns are filed accurately and timely. The firm’s affiliates in 90 different countries allows it to perform ex-pat taxation services to just about any international company.

Full article

Buying vs. Leasing Business Equipment: Which is Best Post-Tax Reform?

For tax years starting in 2018, the Tax Cuts and Jobs Act (TCJA) provides new and improved tax incentives for buying new and used business equipment. But leasing still offers benefits for some taxpayers. Here are some important considerations when deciding whether to buy or lease equipment.

Full article

Could an Association Health Plan Work for Your Privately-Held Business?

Association health plans (AHPs) are health benefit policies made available to small employers through a group purchasing arrangement for the benefit of association members and their employees. Under the old rules, AHP availability was limited to tightly linked employers (such as parent-child companies). Under new regulations issued by the Department of Labor on June 19,…

Full article

Family Business Transfers: Balancing Owner’s, Family’s Goals

If you’re considering transferring your business ownership to family, you might be tempted to put your family’s wants over your own goals. While this altruism may be admirable, it can also cause more problems than it solves. Consider the case of Darnell Orie. Darnell Orie was unsure how to approach his business exit. His son,…

Full article

Tax Reform 2.0: The Proposed Reductions for Businesses, Individuals

President Trump and Republican lawmakers currently are considering a second round of tax reform legislation as a follow-up to last year’s Tax Cuts and Jobs Act (TCJA). As of this writing, there’s been no actual bill drafted. However, House Ways and Means Committee Chair Kevin Brady (R-TX) just released a broad outline or framework of…

Full article

Business Growth & Forecasting Tips for Manufacturers

It’s challenging to succeed in the manufacturing industry without a plan, or at least some written goals. A basic plan should include your annual budget. Even better, it should include multi-year budgets and projections. Forecasting may be time consuming, but is a necessary step in predicting and controlling future success. Many of the most successful…

Full article

Business Fraud: Prevention Strategies, Key Indicators to Lookout For

In March, the Lehigh Valley’s GDP hit a record $39 billion. This is fantastic economic news for the Lehigh Valley, but it should be a warning to business leaders to continue to monitor their business environments. In times where business is booming, it’s human nature to take the foot off the gas and allow items…

Full article

Construction Companies: Work with an Industry Specialist for Most Savings (Video)

The tax laws and accounting policies for construction and real estate development companies are unique and particular. If your accountant doesn’t have the industry experience, you’re likely missing out on some significant tax savings.

Full article

Tax Reform Greatly Expands Tax Breaks for Business Vehicles

Federal tax reform through the Tax Cuts and Jobs Act expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here’s what business owners need to know to take advantage.

Full article

Business Valuation Methods: Pros & Cons for Business Owners

Valuing an interest in a closely-held business is often more art than science. There is no perfect calculation or analysis that can always answer the question “What is it worth?” While there are certainly subjective elements to any business valuation, there are three main approaches to valuation that are widely accepted and most often used…

Full article