The senior living market is at a pivotal point. Demand for senior living facilities is surging as the Baby Boomer generation ages, and this demographic shift is significantly reshaping the industry. In 2024, basic housing and care is not enough. Seniors are facing chronic conditions. They want to age in place as long as they […]
Industries
Four years after COVID-19 upended global supply chains, manufacturers are still feeling the ripples of disruption within their businesses. Despite progress in supply chain efficiency, the industry continues to encounter significant hurdles in procuring essential materials, which are impacting both costs and production schedules. For instance, during the pandemic, food manufacturers faced significant difficulties sourcing […]
Data security is important from the very beginnings of your cannabis business. That’s because: – Cyberattacks are rampant in the industry – Operators must stack multiple third-party integrations, making them vulnerable – They have to be compliant with regulations to protect customer information (such as HIPAA) and – Cannabis businesses are criticized more often for […]
Running a business comes with its own inherent list of challenges and rewards. On a daily basis, you are often faced with decision-making opportunities that can affect the future of the company, including current tax liability and financial health. However, there’s one decision that impacts the future in more far-reaching ways that is often overlooked […]
If you’re a manufacturer, optimizing your business tax credit is key to maintaining good financial health. In general, tax credits are more valuable than tax deductions. Why? Because a credit reduces the company’s overall tax liability on a dollar-for-dollar basis, whereas a tax deduction only reduces the business’ taxable income. Appropriately using both, of course, […]
2022 gave us the Inflation Reduction Act (IRA) which provides valuable tax credits for companies that support clean energy manufacturing. Though the funding is limited, any eligible manufacturers can apply for this credit if they purchase property to re-equip, expand, or establish facilities in relation to clean energy. Most notably, the Act Of course, there […]