As of January 1, 2024, as part of the Corporate Transparency Act of 2024, many businesses must report Beneficiary Ownership Information (BOI) to the Financial…
A buy-sell agreement is a critical tool for owners of closely held manufacturing companies. It ensures an orderly ownership and management transition when an owner…
Managing workers’ compensation and unemployment insurance costs is crucial for manufacturers to maintain financial stability. Indeed, without plans in place to keep these two labor-related…
As the year draws to a close, it’s generally manufacturers’ last chance to implement strategies to reduce their 2024 tax liability. Several provisions of the…
Businesses face uncertain conditions today, including geopolitical and cybersecurity risks, inflation concerns, environmental issues, and a lack of clarity about future tax laws and interest…
As the year winds to a close in just a couple of months, your chance to lower your 2024 tax bill also winds down. Certain…
If the fringe benefits of your job include employer-paid group term life insurance, a portion of the premiums for the coverage may be taxable. And…
While the use of paper checks has greatly diminished, thieves still view them as a source for stealing revenue. In fact, the Financial Crimes Enforcement…
Some small businesses struggle with employee morale for a variety of reasons, one of which may be economic uncertainty. If you want to boost employees’…
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates…