Getting a Cost Segregation Study Before Time Runs Out
This article discusses a unique tool that many CPAs do not utilize or even know about. The cost segregation study is a way to recognize the fact that a building depreciates over time due to everyday wear and tear. Specifically, “a property’s elements are divided into two categories: real property, which includes permanent and …
What Trends Should Small Businesses Be Watching in 2022?
This article discusses a variety of trends that small businesses should either be focusing on or not as we continue along in 2022. For example, this link lists shipping status, waiting for the new normal, and the meta-verse as overrated trends that your small business should not be too worried about. On the other …
Does Your Estate Plan Need Updating to Include Digital Assets?
This article explains the importance of keeping your estate plan up to date, especially since people are living longer and need more options in their documented life. Three sections in your estate plan that should be examined several times include digital assets, guardianship designations, and appropriate names in the documents. Adding an addendum in …
Electric Vehicle Start-up Begins Production on Electric Semitruck
This article explains that the electric heavy-truck start-up, Nikola, has begun production for its battery-powered version of its electric Tre semi-truck. Production for the electric semi-truck is located at Nikola’s factory in Coolidge, Arizona. The electric version of the Tre is “intended for shorter routes, with an estimated range of about 350 miles.” Nikola …
Strategies for Preventing Fraud
This article discusses how fraud is one of the most concerning topics for start-ups and small businesses alike due to the highly digitalized world that we live in today. It is so prevalent that “organizations report losing 5 percent of their annual revenue to fraud.” For a small business, that could be detrimental. However, …