4Thought Blog

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Seize the Opportunity (Zone), But Keep Your Head on Straight

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…

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Lower Your 2018 Business Taxes: 5 Last-Minute Strategies

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…

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Attention Business Owners: New Draft Overtime Rules to Know

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…

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Calendar showing the year 2018

Lower Your 2018 Taxes: 5 Last-Minute Strategies

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. 

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Mergers and Acquisitions: Post Tax Reform Business Buying Strategies

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.

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Nonprofits: Track Unrelated Business Income to Avoid Tax Surprises

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…

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Tips on Selling Your Business from a Certified Exit Planning Advisor

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:

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McDonald’s Franchisees: How to Benefit from Uber Eats

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…

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Reasons for Construction Companies to Certify Financial Statements

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…

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Lean Manufacturing: 8 Steps Manufacturers Should Consider to Reduce Waste

The term “lean manufacturing” means different things to different people. However, it can generally be agreed upon that lean manufacturing represents a management philosophy that emphasizes the elimination or reduction of waste in order to increase company profitability. In other words, doing more with less. Lean manufacturing is often associated with the Toyota Production System…

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