Industries: Manufacturing
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There’s still time for homeowners to save with green tax credits
The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans from Tax Hikes Act…
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S Corp vs C Corp is it time for you to make the switch
The Protecting Americans from Tax Hikes (PATH) Act of 2015 accomplished more than just extending certain tax breaks. It also made some taxpayer-friendly provisions…
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The ins and outs of using “Accountable Plans to” save taxes
When an employer pays an expense reimbursement or advance to an employee – regardless of whether the employee incurs or is reasonably expected to…
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6 simple steps to shrink your outstanding receivables
Your sales team closes a custom order for a new customer. Then the production crew works diligently to meet the order’s two-week deadline. The…
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Following the new path
RECENT TAX LAW EXTENDS DEPRECIATION EXPENSING TAX BREAKS – AND MORE Manufacturers and distributors tend to invest heavily in equipment, technology upgrades and leasehold…
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Major shift in lease accounting could cause major headaches
ALMOST EVERY COMPANY LEASES EQUIPMENT OR REAL ESTATE AND FOR DECADES, THEY WEREN’T REQUIRED TO REPORT MANY LEASE-RELATED ASSETS AND LIABILITIES ON THEIR BALANCE…
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Prepare for major changes to federal rules on employee pay and benefits
One of your most dreaded tasks is probably managing human resources (HR). The rules are ever-changing and becoming increasingly complex. Here are two major…
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Does your business have a valid buy sell agreement in place?
Owners of manufacturing and distribution companies are often so focused on the here and now that planning for future catastrophes may fall through the…
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PEASE, CPAS MERGES WITH PROPER & ASSOCIATES
Effective January 4, 2016, Proper & Associates (Proper), a Beachwood-based CPA and management consulting firm, has merged with Pease & Associates (Pease), one of…