This article discusses the ins and outs of a tax strategy known as a cost segregation study, and in particular, for those that own a vacation rental real estate. When the property is leased out for less than 30 days at a time, it could be recognized as non-residential real estate property. Therefore, taxpayers …
This article explains the three types of business valuation methods and why it is important to know your business’s worth. The three approaches to value a business include market-based valuation, asset-based valuation, and income-based valuation. The market-based valuation method compares multiple businesses within the same industry. The asset-based valuation method involves adding assets and …
Labor shortages are a major issue in many industries these days, and the agricultural sector is no exception. What steps are you taking to improve your workforce retention? In a recent article from AgWeb, author Taylor Leach recommends engaging with your employees regarding their total compensation statement—that is, all of the ways that they …
The agriculture sector is undergoing major transformation due to many factors including technological development, cultural shifts, and the coronavirus pandemic. In a new article published by AgWeb, Peter Martin examines how four major trends will impact farming operations. Click here to learn about anticipated changes in the logistics of supply chain payments, the use …
Regularly performing an evaluation of the economic sustainability of your agribusiness is an important habit to establish, explains Brittney Goodrich in a recent article from Growing Produce. This includes both updating your budget and taking the time to evaluate your organizational risk. Click to read the helpful strategies for risk management that the author …
This article explains the qualities of manufacturers and other businesses that allow them to prosper. Continuous improvement can be seen through giving authority to the people closest to the work. It can also be seen by being aligned with a united vision, strategy, goals, and objectives. An organization that provides standard work: such as …
This article explains several scenarios where your child may be asking you for financial help. First, they may have taken many loans and want your help with EMIs. The author suggests turning the child to a financial advisor to keep your finances intact. Secondly, the child may want a loan to help with a …
This article explains that General Motors is investing a load of money into growing its electric vehicle manufacturing capabilities in Michigan. GM had decided to invest the money into four different sites, including “a new battery cell plant in Lansing and the conversion of GM’s assembly plant in Orion for production of the Chevy …
This article discusses how there are two main strategies that individuals can take advantage of in order to lower their tax bills, deductions, and credits. While tax deductions lower your taxable income, tax credits are “a dollar-for-dollar reduction to your tax bill.” However, many people do not know of or forget about all the …
This article explains that almost half of the newly added electricity addition will be solar energy additions. The U.S. solar energy industry was dealt “a big blow at the initial stages of the pandemic due to a decline in installation trend, is once again on a solid growth trajectory.” As of 2020, the cost …
