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Important Estate Tax Portability Update Announced
If the federal estate tax exemption is cut approximately in half in 2026, as is currently scheduled, it may create significant issues for Minnesota taxpayers. The matter becomes especially challenging when one considers what may happen if the portability election is not made.
4 Manufacturing Industry Issues & Trends for 2022
The manufacturing industry continues to grow, even with labor and supply chain challenges. According to the May 2022 Manufacturing ISM Report, the US manufacturing sector’s economic activity grew for the 24th consecutive month
ESOPs & Succession Planning for your Transportation company
This article will provide insight on employee stock ownership plans (ESOP) and how they can be an option for succession planning for transportation companies. An ESOP can provide many benefits, such as tax savings for owners and the business and increasing the culture of ownership by involving employees who have shown service and loyalty.
Benchmarking Your Professional Service Firm
Like many others, the professional services industry is walking a tightrope to manage cash flow and maintain their workforce. Benchmarking can be a crucial tool right now during the pandemic and as 2020 comes to a close.
How to Prevent & Detect Fraud in your Construction Company
In 2022, the Association of Certified Fraud Examiners (ACFE) published its Report to the Nations, a global study on occupational fraud. The ACFE surveyed 7,890 examiners and reported that internal fraud drains more than $3.8 billion annually from global businesses
6 Accounting Best Practices for the Transportation Industry
n industry is growing steadily, and changes come quickly and unexpectedly. Therefore, it is crucial to have a good understanding of your business’s financial standing and maintain sound accounting systems.