Business Consulting

Insights
CJBS

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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Industries
CJBS

Why Supply Chain Consulting Is Vital to Your Business

Smart business leaders, especially in manufacturing and distribution, are increasingly focused on supply chain strategy and optimization to better navigate today’s volatile climate.     The Covid-19 pandemic was devastating for many businesses. Due to “stay-at-home” requirements, many businesses were hit by dramatically reduced profits, while others had to close altogether. Additionally, the pandemic exposed underlying vulnerabilities […]
May 19, 2022
2 MIN READ
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News
CJBS

New Illinois PTE Tax Offers SALT Cap Relief: What Business Owners Need to Know

Dear Clients & Friends,   Important news for our Illinois business owners: Gov. J.B. Pritzker recently signed into law State Bill 2531, joining more than a dozen states with an effective workaround to the federal $10,000 state and local tax deduction (SALT) cap. The bill is intended to provide tax relief for small business owners, who are […]
September 9, 2021
2 MIN READ
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Insights
Matthew Bergman, CPA

Navigating Cannabis Tax Law: Minimizing Risk & Maximizing Deductions

Legal marijuana has gone mainstream, and the cannabis industry is experiencing a boom that shows no signs of slowing down anytime soon. In 2020, global cannabis sales reached $19.7 billion. In the U.S. alone, sales hit a record $17.5 billion last year, according to cannabis market research leader BDSA.   Despite those huge numbers — and the […]
July 29, 2021
3 MIN READ
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