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 […]

11.21.23

Using Reverse Sales and Use Tax Audits to Reveal Refund Opportunities
Joyce Carlson

Tracking various state sales tax laws, changes and credits can be complex and lead to missed opportunities. While most states offer sales and use tax exemptions for certain purchases by manufacturers, the messaging, processes and specifics will vary from state to state. It is easy for Manufacturers to overlook exemptions to which they’re entitled, resulting […]

11.16.23

High Mortgage Rates Hamper Housing Market Outlook
Justin L. Sylvan

The U.S. home market has struggled throughout 2023, burdened with 30-year fixed mortgage rates that passed 8% for the first time since 2000. The high rates have been one of the reasons that buyers have faced a historically unaffordable market. Rates have retreated a bit since that peak, but what does the future hold for […]

11.13.23

SECURE Act 2.0: New Law Makes Saving for Retirement Easier

Legislation enacted at the end of 2022 included the long-awaited SECURE 2.0 Act of 2022 (SECURE 2.0), which expands on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. Many of the changes made by SECURE 2.0 make it easier to save for retirement in a tax-advantaged manner. Here are some of […]

11.02.23

Are Your Operating Reserves Enough?
Barbara Miller

Operating reserves — generally, assets without donor restrictions that you can tap into easily — frequently are referred to as “rainy day funds.” However, stable reserves are critical for far more pressing reasons than the metaphorical rainy day. Solid operating reserves demonstrate responsible financial stewardship to your stakeholders. Reserves also increase the odds that your […]

10.26.23

Manufacturing Across State Lines: What Manufacturers Need to Know About Multistate Income Taxes
Brandon W. Vahl

If your business operates across state lines, it is important to understand state income tax obligations. Following the U.S. Supreme Court’s 2018 decision in South Dakota v. Wayfair, Inc., manufacturers have focused on sales tax liability. However, the recent explosion of remote work, together with revised guidance from the Multistate Tax Commission (MTC), may raise […]