06.14.22

Get Ahead on Cybersecurity — Before It Is Too Late

Manufacturers cannot afford to put cybersecurity issues on the back burner. Just because manufacturers may not sell directly to consumers, it does not mean that they are not at risk. Sometimes manufacturers are impacted when their customers or vendors get hit by a cyberattack. And while news media gives play to data breaches that occur […]

06.13.22

Prepare and Plan for Real Estate Sales in Advance
Thomas Kosinski

In recent years, the tax law has focused on real estate as a complex asset to own, but even more complicated to sell. The use of real estate in an operating business can create many tax benefits, including the ability to claim depreciation on the business use, create an investment for tax credits and even […]

06.10.22

Plan Sponsor Alert: Revisiting De-Risking Options
James Quaid

Thanks to better returns and an uptick in discount rates used to value plan liabilities, defined benefit plans’ funding statuses have improved to some of their highest levels since the Great Recession. Many plan sponsors are eager to preserve these gains and want to take risk off their balance sheet by implementing “de-risking strategies.” Because […]

06.07.22

How To Choose the Right Scheduling Approach
Kelly H. Buchheit

Among the top patient complaints is waiting too long to see a doctor. And all too often, it is with good reason — practices simply do not implement good scheduling practices. Many practices randomly fill in appointments where there is a slot, regardless of what the patient is there for. As a result, the daily […]

06.03.22

Thinking About Adding Nonequity Partners?
Justin L. Sylvan

Pros and Cons of Adding Another Partner Level Smaller law firms that are reluctant to add more equity partners may consider creating nonequity partnerships to reward and retain high-performing associates and lure in laterals. However, this approach can come with both advantages and disadvantages so it requires significant forethought. Alluring advantages The traditional partnership model […]

06.02.22

Working Remotely From “Out of State” Can Be Taxing
Dan Newman

The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: An increase in your state tax bill. During the pandemic, it has been fairly common for people to work remotely from another state — across state lines from the […]

05.26.22

Has COVID-19 Hurt Your Public Support Test Percentage?
Alison Fetzer

Not-for-profit organizations that qualify as public charities are required to pass a public support test annually to maintain their tax-exempt status. For many organizations, this test has been more of a formality than a hurdle. However, with the COVID-19 pandemic, which started in March of 2020, many not-for-profit organizations have had to cancel or change […]

05.24.22

Using AR To Enhance Manufacturing Processes
Joyce Carlson

A new innovative technology, introduced recently in the last five to six years, is taking its place in manufacturing with a higher than expected acceptance. Known as Augmented Reality (AR), this phenomenon has emerged with the potential to transform the manufacturing industry. Unlike virtual reality, AR overlays digital imagery onto physical surroundings, typically through the […]

05.23.22

Intelligent Use of Artificial Intelligence Can Benefit Real Estate Businesses

Artificial intelligence (AI) is bringing significant change to a wide variety of industries and commercial real estate (CRE) is no exception for use of this technology. From marketing to property management, AI could expedite processes and cut costs in a range of ways. But what exactly is AI? Here is a quick lesson. AI 101 […]

05.17.22

Oops, You Overfunded Your 529 Plan
Eileen Cozzi

Some might consider it a good problem to have: Saving too much money for college. But if the money is held in a Section 529 college savings plan, there could be tax consequences to overfunding the account. The tax man giveth 529 plans are tax-advantaged accounts designed to help families save money for college education […]