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CJBS Partner Ryan Guedel, CPA on Foxtrot and Dom’s Kitchen & Market Closure

On April 23–Outfox Hospitality, the owner of Foxtrot and Dom’s Kitchen & Market eateries and grocery stores with 35 locations in Chicago, Dallas, and Washington, D.C.–abruptly announced they would be closing their doors for good. Outfox has now filed for Chapter 7 bankruptcy. The move comes only five months after the two companies merged to […]
May 1, 2024
3 MIN READ
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Making the Most of Your Charitable Giving  

The holiday season is upon us! Around this time of year, we are often asked about optimizing charitable tax deductions, including whether you can take charitable donations without itemizing. There are many strategies available to decrease your tax burden through making donations. Below we will discussing a few different methods including bunching as well as […]
November 14, 2023
2 MIN READ
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Government Shutdown and What It Can Mean for You 

On September 28th, the federal government notified federal employees that a shutdown was seemingly imminent. However, on September 30th, the Senate approved a temporary funding bill extending the government’s operating budget for an additional 45 days. This has led to many conversations and left a lot of questions in people’s minds, most specifically: What does […]
October 4, 2023
2 MIN READ
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Optimize Your Manufacturing Company’s Financial Situation by Using the General Business Credit 

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, […]
September 1, 2023
2 MIN READ
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How to Utilize Clean Energy Tax Credits for Your Manufacturing Company

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 […]
June 7, 2023
2 MIN READ
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