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One of the benefits of the Tax Cuts and Jobs Act (TCJA) was the extension of the 100% bonus depreciation rules. The updated rules excluded qualified improvement property from accelerated depreciation, essentially shutting businesses out of the benefit. Then came an unexpected silver lining.
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Your key managers are the people who keep your business afloat. They may also be the people to whom you plan to transition your business. If this is true for you, now could be an ideal time to act. Here are a few things to consider if you plan to explore this opportunity.
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For business owners, the economic downturn caused by COVID-19 could present valuable opportunities for business succession, particularly for family businesses. If you’re a family business owner who intends to gift shares of your business to the next generation as part of your estate plan, now may be the time to act.
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If you’re considering purchasing or have purchased a building within the last few years, it’s possible you could benefit even more from your acquisition. One increasingly popular—and effective—tactic is to conduct a cost segregation study.
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To address client needs within an increasingly data-driven business landscape, Abdo, Eick & Meyers announces the launch of a new service group: Technology and Data Solutions.
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what can you do to jumpstart your organization’s performance (and ultimately its profitability) in the face of uncertainty? Taking a look at your processes—the way you get things done—can help. Even a small improvement can make a big difference.
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Automation is about eliminating redundancies, minimizing paper, and avoiding inaccuracies. It’s about making life easier for your employees as well as your most important stakeholders—your residents. Learn about a few ways your residents can benefit from automation.
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Change is happening more rapidly than ever, and not just in technology. Change is coming from nearly every direction. In order to rise above it, organizations must be prepared for these shifts and learn how to embrace them.
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For many organizations, the thought of establishing a performance-based compensation system can be daunting. Although it can’t be done overnight, this type of change is possible. And it’s likely to help solve a persistent challenge: retaining high performers.
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One rule that taxpayers are starting to feel the effect of is the “section 163(j) limitation,” also known as the business interest deduction limitation. Prior to the TCJA, this rule applied only to certain interest paid or accrued by corporations. However, things now have changed.
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