The continued impact of the COVID-19 pandemic, unprecedented disruptions to the supply chain and a competitive business environment have created a challenging business environment. But manufacturers are facing another major obstacle: the ever-growing skills gap in the workforce. Here’s one possible solution to this.
Many of us have thought about how to best transfer our wealth to our heirs someday. It’s vital to understand the importance of your values when it comes to your wealth and sense of purpose in life. Here’s how to show your kids the connection between the two so they see the “why” behind decisions made with the family money.
The COVID-19 pandemic has had a dramatic impact on the way people interact and do business. And it’s likely that a number of the changes made to adapt to a social-distancing environment will become permanent.
Business owners, year end is officially here. It may even be over by the time you read this. (If so, Happy New Year!) In any case, the end of one year and the beginning of another is always an optimal time to look back on the preceding 12 calendar months and ask a deceptively simple question: How’d we do?
In the graphics arts industry, where drop shipping or sending direct mailers across several states can be a regular request, sales and use tax compliance is a complex issue that should be on your radar. If your business is not familiar with the new requirements, keep reading!
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights:
Every business should prepare an annual budget. Creating a comprehensive, realistic spending plan allows you to identify potential shortages of cash, possible constraints on your capacity to fulfill strategic objectives, and other threats. Whether you’ve already put together a 2022 budget or still need to get on that before year end, here are four red flags to watch out for:
On Monday, November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act (“IIJA”). The IIJA repealed the Employee Retention Credit for 4th Quarter of 2021.
The IRS recently issued its 2022 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, mainly due to the COVID-19 pandemic, many amounts increased considerably over 2021 amounts. As you implement 2021 year-end tax planning strategies, be sure to take these 2022 adjustments into account.
We all learned a lesson in supply chain when we couldn’t find toilet paper 18 months ago. You may have seen higher pricing, a run on products that left shelves empty, or you were limited on the number of packages you could buy. You may have decided to purchase a different brand, go to another store, or shop on the internet where you usually wouldn’t have shopped for toilet paper. Who would have thought something as historically abundant and necessary as toilet paper would be out of stock?
Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work, here are some of the features.
Run a business for any length of time and the importance of cash flow becomes abundantly clear. When payroll is due, bills are piling up and funds aren’t available, blood pressure tends to rise. For this reason, being able to accurately forecast cash flow is critical. Here are four ways to refine your approach:
Whether the customer is always right is debatable, but businesses should put their customers first when developing a strategic plan for next year.
Have you ever received your tax return, only to be surprised by the end result? Have you ever said to yourself: “I wish I would have known that before the end of the year!” ? Here’s a guide on how plan ahead so your tax returns don’t catch you by surprise.