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Industry Group Blogs

03.14.24

A World-Class Workforce
Kevin Omahen

A world-class workforce What keeps employees happy? Is it money, work-life balance or advancement opportunities? Perhaps some mix of all three? It is important to understand what interests your employees and that it is not a one-size-fits-all scenario. For some employees, there is a clear number one reason that they stay: money. However, for others, […]

03.12.24

Work Opportunity Tax Credit: When Hiring Skilled Labor Is a Win-Win for Employers and Employees
Adam J. Pechin

Like many businesses today, manufacturers are in need of skilled workers. The Work Opportunity Tax Credit (WOTC) can provide some tax relief when you hire employees from “targeted” disadvantaged groups. Calculating the credit The amount of the credit depends on the relevant targeted group and wages paid to the new hire. For example, hiring qualified […]

03.07.24

What Do You Know about Form 990? Board Review Can Benefit Not-For-Profit Governance
Jeffrey Chiles

Most board members know — or should know — that the not-for-profit organization they serve files an annual Form 990 information return with the IRS. However, not every board member knows that they can, and should, review the form before it is submitted. Read on to learn why such board reviews are important and how […]

02.08.24

Pass-Through Entity Taxes Can Pay Off For Real Estate Firms
Justin L. Sylvan

The Tax Cuts and Jobs Act of 2017’s (TCJA’s) limit on the federal income tax deduction for state and local taxes (SALT) has proven costly for many owners of real estate businesses. However, more than 30 states1 have now enacted a workaround for pass-through entities (PTEs) that could provide some welcomed tax relief. The Impact […]

02.06.24

Fast-Food Restaurants: Are You Making the Most of Your Drive-Through?
Brian R. Israel

During the COVID-19 pandemic, drive-through sales exploded at many restaurants. This should come as no surprise to anyone. After all, avoiding human contact had become a health necessity. What may be more surprising is that in the wake of the pandemic, customers continue to be drawn to the drive-through window. According to a recent report […]

01.25.24

No Emergency Fund? What Are You Waiting For?
Azuwa Omietimi

Even if you and your family weathered the crises of the past couple years, you probably know people who have not fared as well. Health problems, business shutdowns, lost jobs and inflation have all exerted extreme financial pressure on Americans, but an emergency savings fund has kept some people afloat. A stash of cash can […]

01.04.24

Tax Considerations for Office Leases
Joshua Goldschmidt

With the changing work environment in recent years, many businesses are reconsidering their office spaces and current leases. This could include renegotiating leases, reducing or increasing space, or leasing a new space. While there are many things to consider before signing or modifying a lease for office space, one of the areas that should not […]

12.12.23

Eight Strategies For Boosting Your Production Capacity
Kenneth Tornheim

Even with continued economic uncertainty, throughout most of this year the manufacturing industry has flourished, and many manufacturers are straining to keep up with demand. At the same time, the pandemic reminded us how uncertain the economy can be, with many companies hesitant to invest in expanding their operations. Related Read: Six Tips for Dealing […]

12.07.23

Watchdog Launches Campaign to Measure Equitable Funding
Caitlin G. Gibbs

Candid, the not-for-profit evaluation organization that resulted when GuideStar and Foundation Center merged, has announced a new data-driven campaign to encourage equitable funding practices. “Demographics via Candid” is designed to provide a standardized benchmark measurement, reduce inefficiencies and cut down on duplicate information requests from funders. Funders increasingly seek not-for-profits’ demographic information and organizations may […]

11.28.23

Are You Overlooking the Implicit Costs of Your Medical Practice?
Carrie Hale

If you have run your medical practice for any length of time, you know it incurs a wide variety of costs. To get a better handle on these costs and perhaps identify ways to lower them, it can be helpful to divide them into two broad groups: explicit and implicit. Explicit vs. implicit Explicit costs […]

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