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Research Tax Credit

If your small business or start-up is planning to claim the research tax credit, there’s an option to get immediate use of the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits against payroll taxes instead of your income tax.

NonProfit Executive Search Plan

Every nonprofit should have an executive search plan. Even if you aren’t facing an imminent vacancy, your organization is smart to prepare for what can be a long process. Executive searches generally take several months — even if you end up hiring someone already known to your nonprofit.

OBBBA Tax Provisions

The One, Big, Beautiful Bill Act (OBBBA) includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes too. Find out which OBBBA tax provisions apply to your business.

A Tax-Focused Walk-Through of the One Big Beautiful Bill Act 

The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Read our article for an overview of new rules created by the Act, in addition to extensions or enhancements of existing provisions.

Reasonable Compensation and the IRS

Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high or low, it may disallow certain deductions or reclassify payments, potentially leading to penalties, back taxes and interest.

Manufacturers: How to Attract and Retain Skilled Employees

As advanced manufacturing processes increasingly rely on technology, the demand for highly skilled workers continues to grow. To stand out to these candidates, your manufacturing company must build a compelling employer brand that highlights career growth opportunities, investment in technology and a commitment to employee well-being.

Manufacturing Cybersecurity Risks

Addressing manufacturing cybersecurity risks is more critical than ever for manufacturers as they increasingly integrate advanced technologies into their operations. While these innovations boost productivity, they also expand potential areas for cyberattacks.

Manufacturers: Avoid Overpaying State Sales Taxes

Manufacturers often can benefit from state sales tax exemptions. However, available exemptions sometimes vary significantly by state, so manufacturers need to stay on top of available exemptions to avoid overpaying state sales taxes.

Developing Effective Programs at Not-for-Profits

Whether your nonprofit’s program budget will be smaller or larger in 2025, this is a good time to review current offerings to assess which are effective and which aren’t. You may even find your organization is ignoring important needs in your community.

Understanding the National Debt

The United States is grappling with an escalating national debt that now exceeds $35 trillion, a staggering burden with far-reaching economic implications. Explore the causes, current state, and potential solutions to this pressing issue, and understand what it means for our future.

What is Your Manufacturing Company’s Worth?

A business valuation professional can provide an objective estimate of your manufacturing company’s worth. This can be beneficial not only if you’re selling your business but also if you’re seeking financing, drafting a buy-sell agreement or estate planning.

Year-End Tax Planning Strategies for Manufacturers

As the year draws to a close, it’s generally manufacturers’ last chance to implement year-end tax planning strategies to reduce their 2024 tax liability. Making time right now could prove to be very beneficial in the upcoming tax season.

How to Spot Tax Red Flags When Browsing

Think you can spot misleading tax advice online? You might be surprised. Discover how even savvy individuals can fall prey to dubious claims and learn the red flags to watch out for.

Manufacturing Start-Up Costs

Starting a manufacturing company isn’t cheap, and start-up costs can be substantial to acquire a facility, equipment and materials. Luckily, some start-up costs may be deductible for income tax purposes.

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