This article discusses how the world we live in is becoming highly digitalized, and the manufacturing industry is no exception. For example, emerging trends such as the market for consumer package goods, predictive maintenance, big data security, and artificial intelligence utilization are all expected to have a significant impact in the next few years. …
This article discusses how there are many factors at play when a business gets bought or sold. Specifically, topics such as reoccurring revenue, why someone sells, buyers’ interests, evaluation criteria, and the 4 P’s (People, Platform, Processes, and Product) are all outlined within this link. No matter where you are at in the mergers …
Lisa Freeman joined the De Boer Bauman team as an intern in January 2016 and moved to full-time at the end of that tax season. Before coming to us, Lisa went back to school as an adult and graduated from Davenport University with an Associate Degree in Accounting.
Today, she works on the quarterly and …
Here are five things that happened this past month that affect your small business.1) There’s a tight labor market nationwide these days, and it’s giving workers more leverage.The economy’s recovery is giving low-wage workers more leverage, as “ballooning job openings in fields requiring minimal education” combine with a shrinking labor force. For some, this …
Owning your own small business is a dream that few are fortunate enough to realize, but even those new to the joys of entrepreneurial self-determination need to spend time thinking about how you’re going to eventually leave the business. No matter how far off it may seem, the best way to ensure that your …
Congress has provided businesses with a temporary tax break as a means of helping the restaurant industry, which has been devastated by the COVID pandemic.Although the Tax Cuts and Jobs Act eliminated the business deduction for entertainment, it continued to allow a deduction for 50% of the cost of qualified business meals.As part of …
President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What follows is an overview of what is included in the plan. But this is only his wish list; Congress will need to draft proposed legislation that will have to pass in both the …
This article discusses what small business owners should be anticipating as we continue to move forward following the Coronavirus pandemic. Specifically, the ADPSmall Business @ Work Survey yielded many trends such as problems with cash flow, capacity constraints, and supply chain disruption. In addition, remote work is here to stay as well as the …
This article discusses how the IRS released guidance explaining deductions on food and beverage within a restaurant. There was a temporary 100% deduction which was “designed to help restaurants, many of which have been hard-hit by the COVID-19 pandemic.” However, as we continue to move forward, there were questions regarding when the 100% deduction …
This article discusses how retirement planning is important no matter what stage you are at in your career. According to a 2019 survey, “only about half of current employees understand the benefits offered to them.” by being proactive in this process, you will have a better understanding of the benefits that you are offered, …
