03.18.22

Work Opportunity Tax Credit: Hiring Veterans May Lower Your Payroll Taxes

Employers often overlook a federal tax break available to organizations that hire new employees from certain groups who have traditionally faced obstacles to hiring. While the Work Opportunity Tax Credit (WOTC)  is more limited for not-for-profit organizations, it nonetheless presents payroll tax-saving opportunities that can prove especially valuable for organizations that are ramping up hiring. […]

03.15.22

Is Suspending Employer Matching or Nondiscretionary Contributions the Right Move?

The current economic uncertainty due to the ongoing COVID-19 pandemic and high levels of inflation across the board has led plan sponsors to consider cost-cutting options. Historically, employer contributions to 401(k) plan accounts are high on the list of options when times are tough. In fact, during the global financial crisis of 2008 employer matching […]

03.14.22

Boost Cash Flow With a Fixed Asset or Cost Segregation Study
Brandon W. Vahl

If you are seeking opportunities to improve your company’s cash flow, consider a fixed asset or cost segregation study. Manufacturing is a capital-intensive industry, so it is critical to ensure that fixed assets are classified properly to recover their costs as quickly as possible. Fixed asset study A fixed asset study examines all depreciable assets […]

03.11.22

A Cost Segregation Study Is One Way To Boost Cash Flow
Anita S. Wescott

If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reduce your taxes and boost your cash flow. Even if you have invested in real property in previous years, you may have an opportunity to do a lookback study and catch up […]

03.03.22

Prepare for IRS Plans To Increase Tax Audits
Thomas Kosinski

In recent years, the IRS has audited only about 0.5% of individual income tax returns. Their audit choices have been more high net worth returns and larger companies with more tax issues. But based on recent tax legislation, President Biden and some legislators have targeted more IRS funding to help close the tax gap — […]

02.22.22

Is It Time for a Collective Investment Trust?
James Pellino

Collective investment trusts (CITs) are winning the hearts, minds and dollars of growing numbers of defined contribution (DC) plans. If you are not aware of the trend, it might be time to learn what CITs are and how they have evolved since the days when they were standard fixtures of DC plans. Collective investment trust […]

02.17.22

Look Before You Leap: Factors To Consider Before Accepting a Grant
Kelly H. Buchheit

Most not-for-profit organizations look to government and/or foundation grants to help finance their programs. These grants are fundamental in expanding an organization’s reach. But you may find it difficult to quantify all the costs and benefits associated with a potential grant. If your not-for-profit organization does not do its research before accepting grant funds, it […]

02.16.22

The Price Is Right: Implementing the Right Pricing Strategy
Thomas Pierce

COVID-19. Inflation. Labor shortages. Supply chain delays. Manufacturers have had a lot on their plates the past couple of years. Across the board, the result has been increasing prices. But simply increasing prices without factoring market-based considerations into your pricing strategies might not be enough. Related Read: Manufacturing Evolving from COVID-19 What is production-based pricing? Direct […]

02.11.22

Ephemeral Messaging and E-Discovery: To Preserve or Not To Preserve?
Joy A. Long

The conversations we have with others over the phone, in the lunchroom or someone’s office are all considered to be ephemeral. There is typically no trace of those conversations. Someone might attest to the fact that it happened, but unless it was recorded, it is gone. Some messaging apps for mobile devices offer features similar […]

02.09.22

How To Use Smart Technologies Smartly
Adam M. Levine

In response to buyer and tenant expectations to be competitive in the market, many owners and developers are regularly incorporating smart technologies in their projects. Buyers and tenants also understandably have expectations regarding cybersecurity measures. The risks are real, but they can be significantly reduced with forethought and vigilance. Identify inherent risks Smart technologies almost […]