Business Automobiles: How the Tax Depreciation Rules Work
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply […]
Category: Articles
Are You Prepared to Join the Manufacturing 4.0 Revolution?
Manufacturing 4.0, sometimes called “Industry 4.0,” refers to the digitalization of manufacturing. That means the integration of traditional manufacturing processes and practices with cutting-edge “smart” technology. How might Manufacturing 4.0 […]
Job-Juggling Remote Workers May Threaten Your Company
Although some companies currently require employees to work in the office full-time, many allow employees to work remotely one or more days per week. A growing preference for remote roles can […]
How IRS Auditors Learn About Your Business Industry
Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS […]
Do You Have to Return Donations When Donors Request It?
If a donor has never asked your not-for-profit to return a gift, it may only be a matter of time. Although uncommon, donors can change their minds. They may come […]
What Types of Expenses Can’t Be Written Off by Your Business?
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. For example, the tax […]
Trust and Internal Controls Can Coexist in Your Nonprofit
Within a period of just a month, a Minnesota woman was charged with skimming more than $300,000 from her animal rescue charity, a Florida man was charged with multiple felonies […]
Rolling Forecasts Can Provide Clarity for Manufacturers
Supply chain interruptions have demonstrated the flaws in conventional budgeting and forecasting methods. Manufacturers find it challenging to forecast their performance for the next year even under the best of […]
CMS Issues FY 2024 Medicare SNF PDPM Rates Effective Oct. 1, 2023
UPDATE: CMS published a correction notice on October 4, 2023 impacting PDPM rates for all CBSAs nationwide. The correction resulted in very minor reductions in most of the wage […]
Don’t Let Your Industry Determine Your Fraud Destiny
Occupational fraud risk is not uniformly distributed across all industries. According to the Association of Certified Fraud Examiners (ACFE), certain businesses, such as construction, real estate, manufacturing, and transportation, are particularly […]
2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may […]
Build a Better Nonprofit Board With Term Limits
Are the board members of your non-profit subject to term limits? If not, you should think about implementing what is often considered a best practice. Over time, some board members may […]
