Category Archives: Advisory|Strategic Guidance

 The Impact of State and Local Taxes on Commercial Real Estate: What Business Owners Should Know For businesses involved in commercial real estate, understanding the impact of state and local taxes is crucial to making informed investment and operational decisions. Whether you’re buying, selling, or managing properties, taxes play a key role in shaping profitability

What Are the Tax Implications of Leasing Commercial Property to Your Own Business? Leasing commercial property to your own business can be a smart financial strategy. It can offer both operational and tax advantages but, it’s important to understand the tax implications involved. To ensure you stay compliant with IRS rules and make the most

Understanding the 529 Plan: A Comprehensive Guide A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. Named after Section 529 of the Internal Revenue Code, these plans are sponsored by states, state agencies, or educational institutions and offer significant tax benefits to contributors. Let’s delve into how these

As a business owner, travel can be a significant part of your operations. Whether you’re meeting with clients, attending conferences, or scouting new locations, travel expenses can quickly add up. Fortunately, the IRS allows you to deduct many of these expenses, which can help reduce your taxable income. Understanding these deductions and how to properly

Cash Flow Analysis and Forecasting It’s no secret that running a business can be challenging at times. This includes trying to understand and better your cash flow especially if your business doesn’t have a controller or CFO. An outsourced Chief Financial Officer (CFO) brings a wealth of experience and a fresh perspective, providing the strategic

Mid-market company invests in Key Performance Indicators and increases bottom line by 1734% to $6.2 million in 18 months. CLIENT’S KEY CHALLENGE “I feel like I am the captain of a ship in a dense fog without any electronics and all I have is a compass,” the Company’s CEO told us. From the CEO’s perspective,

Staying ahead necessitates not only efficient operations but also a keen eye on key performance indicators (KPIs) that directly impact profitability. For manufacturing companies, understanding and leveraging these metrics can significantly contribute to the bottom line. Let’s delve into the top seven KPIs that manufacturing businesses should prioritize to drive profit growth. KPIs are important

Streamlining your operations has become more important than ever in the industrial landscape. Whether you are in manufacturing, distribution, or tech, operational excellence is crucial. Staying ahead of the curve means constantly seeking ways to enhance efficiency, reduce costs, and improve overall performance. There are four pivotal strategies that can elevate the effectiveness of your

For manufacturing, distributing, or high-tech companies looking to increase their customer base, adopting a multifaceted strategy that leverages both traditional and innovative methods can be highly effective. Here are four strategies that such companies can employ: Innovate and Diversify Product Offerings Innovation: Continuously improve and innovate products to meet emerging market needs or to create

Who Can Be an Owner? An S-Corporation (S-Corp) is a type of business entity in the United States that offers certain tax benefits, like a partnership or LLC, while maintaining some of the limited liability features of a traditional corporation (C-Corp). However, S-Corps have specific ownership requirements to maintain their favorable tax treatment. Individuals: Generally,