4Thought Blog

Federal Government Warns of Tax Return, Refund Delays for 2022

U.S. Treasury officials last week warned of expected significant delays in processing tax returns and refunds for the 2022 season. The IRS is still dealing with backups in processing returns from the past two filing seasons and the continuing pandemic is causing staff shortages, officials said. Normally at the start of tax season the IRS…

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Your Next McDonald’s Ratio: Estimated Net Equity Percentage

Financial health is critically important to your success as a McDonald’s Owner/Operator. 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 Understanding and Managing Financial Ratios for McDonald’s Franchisees…

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Manufacturers: Best Practices to Avoid Sales and Use Tax Problems

The pandemic and global supply chain disruption have placed an unprecedented burden on manufacturers — and the need for automating manual processes is more pronounced than ever. One way manufacturing companies can lower costs with technology is to upgrade controls for sales and use taxes. Let’s take a look.

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Bookkeeping Tips for Construction: 8 Strategies to Consider

As you’re no doubt aware, bookkeeping for builders is challenging. Construction companies tend to have unstable workforces, wage rates that can change by location, and multiple ongoing projects with various costs and durations. Here are some bookkeeping tips that can help you stay organized and set up your business for success in the coming year.

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Four Retirement Plans for Nonprofits: The Pros & Cons

Traditionally, 403(b) plans have been the qualified retirement plan of choice for nonprofits. These plans were established for the exclusive benefit of tax-exempt organizations. However, nonprofits now have other options as well. Even if you continue to prefer a 403(b) plan, as many nonprofits still do, it pays to review and weigh the benefits of…

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The Top 8 Resolutions for Business Owners for 2022

Have you compiled a list of New Year’s resolutions for your small business in 2022? Resolutions don’t have to be limited to your personal life. Consider how you can improve in the upcoming year in your role as a small business owner. Of course, everyone’s list will be different. But here are eight common aspirations…

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The Top 7 Personal Financial Resolutions for 2022

It’s almost time to ring in the New Year — and many people are looking forward to putting 2021 in the rearview mirror. While New Year’s resolutions often focus on eating less and exercising more, you should also give some thought to your financial fitness. Here are seven ways to introduce more discipline and vigor…

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Minimum Wage Increases: The New Rates to Know for 2022

In today’s tight labor market, many employers have been raising wages substantially to maintain operations. That’s most evident in the leisure and hospitality sector, where average hourly wages rose 12% for the year ending October 2021. For many organizations, getting by with paying minimum wage is generally a distant memory. That’s particularly true where the…

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An Important Metric for Franchisees: Trailing Twelve-Month Liability Turnover

Financial health is critically important to your success as a McDonald’s Owner/Operator. To help you measure your financial health, we’re doing a series of articles on the McDonald’s statement financial ratios, what they entail and how to improve them. If you missed it, check our introductory article Understanding and Managing Financial Ratios for McDonald’s Franchisees….

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Track Profitability with Construction Close-Out Meetings

They say hindsight is 20/20. You can take advantage of that hindsight by holding regular project closeout meetings to find nuggets of truth about how the project went and learn from them. Not every project makes money for your construction firm. You can find ways to improve project and accounting management if you set a…

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