This article discusses how under previous law, deductions for business meals were limited to 50% of the cost, but through the pandemic, that deduction was doubled to 100% for the time being if the meal was provided by a restaurant. Further, many self-employed taxpayers are trying to re-energize their business through travel, and if …
This article acknowledges and discusses how the unprecedented times we are currently living in make it difficult to predict what lies ahead for specific industries such as manufacturing and life science. However, some key points to be aware of include COVID-19 realities becoming mainstream, mass customization, flexibility, and an increased focus on data to …
This article discusses how many signs pointed towards a full supply chain recovery following the coronavirus pandemic. The outlook was so positive that deflation was seen as a problem of the past. However, a full-blown crisis of energy shortages, labor, and transport problems are beginning to be experienced throughout the world. Further, Mohamed El-Erian, …
This article discusses how a major shift is occurring within the agricultural industry, and it is expected to change the way the industry operates on a day-to-day basis. The trends of technological advancements and ways to combat climate change are at the front of this new wave. For example, aerial imaging technology, digitalize communication, …
This article discusses an important topic that all small business owners should consider as it occurs every single day. In the past, credit card transactions required a signature in order to help authenticate the purchase. However, with the development of EMV technology, most credit card companies have dropped this requirement, and large companies such …
This article discusses both the importance of a good leader in any small business as well as the requirement that the business is productive. To help you decide what is important to understand, members of the Young Entrepreneur Council weigh in on what they believe are tips that all small businesses should be considering. …
This article discusses how the Delta variant of the coronavirus is impacting not only manufacturers and factories around the world but also shipping companies and ports. Because of a lack of important materials, manufacturers are running behind schedule and often are not able to get their product to the final destination. Governments are also …
This article discusses the importance of having a succession plan. According to the Dayton Daily News, about 3 out of 4 small businesses currently do not have a succession plan. Succession plans should not be a birthright, but instead, should go to the most qualified individual. Planning for successor years ahead can eliminate power …
Rachel has experienced something of a stilted start to her professional accounting career due to the coronavirus pandemic, but that has not stopped her. She joined the De Boer Baumann & Company team as an intern in January of 2020 and worked with the firm through March, when the stay-at-home-order went into effect. Rachel …
Lead generation is a key factor in the success of any manufacturing operation. After all, without customers to buy a product, there is no need to produce it. Thomasnet recently released a thorough article offering more than thirty helpful tips for manufacturers seeking to refine their lead generation tactics and pursue business growth. The …
