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Navigating Elder Care: Funding Options and 2025 Tax Strategies for Caregivers

Planning for elder care involves both emotional and financial considerations. With rising costs and evolving tax laws, understanding how to fund care and leverage available tax benefits is essential. Many individuals assume their health or disability insurance will cover long-term care, but coverage is often limited. This article will explore funding sources, living arrangements, and tax strategies to help... Read More

Contractors: How’s your succession plan coming along?

Contractors: How's your succession plan coming along? A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% of contractors who responded didn't have an "ownership transition plan" in place. What's worse, half of the construction business owners surveyed who planned to retire in three to five years had no plan at all. The data also... Read More

Create a succession plan today to prepare your manufacturing company for tomorrow

Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and grooming future leaders early — whether family members, internal managers or an outside successor — you can create a smoother handoff and help safeguard your company's operational integrity. Planning well ahead of your expected exit also gives your successors the opportunity... Read More

4 year-end planning steps to trim your 2025 taxes

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly changes various tax laws. Here are some of the measures you can take now to reduce your 2025 taxes in light of the OBBBA. 1. Reevaluate the standard deduction Taxpayers can choose to itemize... Read More

New tax-saving opportunities may attract funding for manufacturers that build in rural Qualified Opportunity Zones

The Qualified Opportunity Zone (QOZ) program, created by the Tax Cuts and Jobs Act, was slated to expire after 2026. The One Big Beautiful Bill Act (OBBBA), however, extends and expands it. The QOZ program incentivizes business investment in designated low-income communities around the country. Manufacturers that are considering re-shoring operations to the United States or building new facilities may... Read More

OBBBA & The Completed Contract Method for Residential Construction Clients

The construction industry is experiencing a major change with the recent tax updates. The recently enacted One Big Beautiful Bill Act (P.L. 119-21) expands the Completed Contract Method (CCM) of accounting to residential construction contracts, significantly broadening who can defer income recognition under Internal Revenue Code (IRC) §460. Under this act, construction of apartments with more than four... Read More

Fraud Risk, Prevention, and Detection: Why It Matters for Your Business

Fraud poses a serious threat to businesses of all sizes due to its potential to drain resources, damage reputations, and disrupt operations. Studies consistently show that lack of strong internal controls is a leading factor in an organization's vulnerability to fraudulent schemes. The cost to recover from fraud is often greater than the cost of implementation of fraud prevention. Understanding Fraud... Read More

Should your manufacturing company embrace 3D printing?

Using 3D printing allows manufacturers to produce parts and products more efficiently and with greater design flexibility than ever before. Traditional manufacturing methods often require costly tooling and long lead times, which can limit innovation and slow production. In contrast, 3D printing enables rapid prototyping and on-demand production, giving manufacturers the ability to test designs quickly and... Read More

AI in Construction: The Future of Building and Managing Projects

Artificial Intelligence (AI) is revolutionizing many industries, and the construction sector is no exception. From improving project timelines and reducing costs to optimizing safety and quality control, AI technologies are helping construction companies run more efficiently and effectively. As these tools evolve, they're also shaping how firms manage people, make financial decisions, and prepare for the... Read More