It’s rare a manufacturer who doesn’t want to improve profits and boost cash flow by reducing the carrying cost of inventory. Here are two cutting-edge ways to help you manage inventory more efficiently.
Financial health is critically important to your success as a McDonald’s Owner. To help you measure your financial health, we’re doing a series of articles on the McDonald’s financial standard ratios, what they entail and how to improve them. If you missed them, check our prior articles Your Next McDonald’s Ratio: Estimated Net Equity Percentage, Understanding and…
If your nonprofit organization operates on a calendar-year tax basis, the deadline for filing your 2021 Form 990 (Form 990 EZ for certain small organizations) is right around the corner — May 15, 2022. Besides filing on time, you must ensure the information provided on your form is accurate. Pay particular attention to the following…
If philanthropy is important to you, you probably make regular charitable deductions. You may also have established a nongrantor trust. Such trusts can help you make charitable gifts that provide greater tax benefits than you’d receive for individual donations. Of course, you don’t give to charity simply for the tax deductions. But there’s nothing wrong…
If you’re lucky enough to own a vacation home, you might wonder about the optimal ownership structure for the property. For rental real estate properties and real estate held for investment, such as raw land, good choices are single-member and multi-member limited liability companies (LLCs). But the LLC option isn’t always right for vacation homeowners….
Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in employers realizing that many jobs can be done from home. Some remote workers even work in a different state than where their employers are based. These employees may have opted to move to states with lower or no income…
Over the last year, consumer prices rose 7.9%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index covers the prices of food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and other goods and services that people buy for day-to-day living. This is the highest 12-month increase…
First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. These tax write-offs can benefit a manufacturer’s cash flow, but claiming them isn’t always the best decision. In some cases, there are advantages to following the regular depreciation rules. However, if your manufacturing company wants…
Running a successful construction company calls for more than just winning bids and doing great work. To get ahead and make money, you need to carefully track your costs and accurately calculate how much to charge to turn a profit. To this end, there are three numbers that every construction business owner should know, review…
Concannon Miller has been named to Accounting Today’s 2022 Fastest Growing Firms in the U.S. for 2022. Concannon Miller’s revenue grew 27.34% in 2021, landing the firm at No. 20 on the prestigious list. The firm’s growth was largely because of increased consulting services to clients, especially related to COVID-19 tax credits and other funding….
