07.07.20

Is it Time to Update Your Company’s Drug Use Policy?
Harry Fox

Given the safety risks involved with many manufacturing jobs, it is a good idea for manufacturers to adopt and consistently enforce a drug and alcohol policy. However, the evolving legal environment — particularly with many states moving toward legalizing marijuana — greatly complicates the process. Alcohol vs. marijuana When marijuana was illegal everywhere, determining how […]

07.01.20

What You Need to Know About the CARES Act and Qualified Improvement Property
Justin L. Sylvan

Earlier this year, the Coronavirus Aid, Relief, and Economic Security (CARES) Act corrected a drafting error related to real estate qualified improvement property (QIP). This retroactive correction, which accelerates the tax depreciation deduction for certain improvements to real estate, is of particular benefit to: Landlords and tenants who make improvements to leased space; restaurant, hotel […]

06.30.20

“My Conference Was Cancelled; Now What?” How to Salvage Missing a Networking Opportunity
Craig Brown

Okay, you planned to go to an industry conference to do some much-needed networking. You had high hopes of meeting new people, securing some leads for exciting work and establishing yourself as a thought leader in the industry. Unfortunately, the Coronavirus got in your way. The conference was cancelled, and you missed out on valuable […]

06.24.20

Three Ways to Put Your Financial Reports to Work
Chris Arndt

Our favorite type of client? One that has been growing so fast that they have not had the time to really put their financial reports to work. There is so much room for improvement in a company that is already growing but does not yet know how to glean value from its financial reports. Get […]

06.23.20

Current Conditions are Favorable for Cost-Effective Wealth Transfers
Eileen Cozzi

The ongoing novel coronavirus (COVID-19) pandemic has taken a terrible toll on the economy. But the current low-interest-rate environment, coupled with depressed asset values, means that now may be a good time to transfer wealth to your children and grandchildren. Consider making gifts For 2020, the federal gift and estate tax exemption is an inflation-adjusted […]

06.18.20

Trending in the Right Direction With the New Electronic Disclosure Rules

The Department of Labor (DOL) issued final electronic disclosure rules on May 27, 2020. These rules provide relief from printing and mailing certain Employee Retirement Income Security Act (ERISA) notices to plan participants and beneficiaries. This relief is great news for plan sponsors of retirement plans. It is, however, not all-encompassing because it does not […]

06.17.20

SECURE Act: New Tax Incentives for Employers to Offer Retirement Benefits

The Setting Every Community Up for Retirement Enhancement (SECURE) Act authorizes a new, cost-effective type of retirement plan: The pooled employer plan (PEP) beginning in 2021. This is a new type of multiple employer plan (MEP). MEPs have been available for many years, but they suffer from some serious drawbacks and inherent complexities that make […]

06.09.20

Is Adaptive Reuse Right for You?

Adaptive reuse is more than refreshing a dated mall or finding new tenants for an office building. It involves adapting an existing building for an entirely different purpose than for which it was originally intended. For example, think of converting an industrial building to mixed use, an office building to a hotel, a meatpacking facility […]

06.08.20

The Most Important Questions to Ask Your Controller Right Now
Chris Arndt

While the economy begins to cautiously reopen after COVID-19-related restrictions, there are plenty of questions and uncertainty for business owners and entrepreneurs. Here are three important questions to ask your controller right now. What is the Break-Even Sales Point for the Business? With a number of companies losing money or facing financial hardship, it is […]

06.03.20

COVID-19 and the Impact on Telehealth Services

With the onset of the coronavirus (COVID-19) pandemic, the health care community has understandably been focused on diagnosing and treating patients with COVID-19. However, other patients, including higher-risk Medicare beneficiaries who still require various essential medical services, are encouraged to stay at home during this time when many health care facilities are overcrowded. In order […]