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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
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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
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100% Business Meal Tax Deduction in Effect Through 2022

Reminder: The temporary 100% deduction for eligible business meal expenses remains in effect through December 31, 2022. That means there’s still time to benefit from tax-saving opportunities: Hosting office events and holiday parties are two great ways to build relationships with your clients and team while taking advantage of the expanded business meal deduction. Keep […]
August 5, 2022
3 MIN READ
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