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IRS clarifies theft and fraud loss deductions

The Tax Cuts and Jobs Act (TCJA) significantly limited the types of theft losses that are deductible on federal income taxes. But a recent "advice memo" (CCA 202511015) from the IRS's Office of Chief Counsel suggests...

2 financial planning tools that can help manufacturers weather uncertainty

Manufacturers are facing uncertainty on a variety of fronts. Rapidly shifting tariff policies, supply chain disruptions, fluctuating demand and rising raw material costs are likely among the factors creating shaky...

How Contractors Can Increase Bonding Capacity

Bonding capacity plays a critical role in helping construction companies qualify for larger projects. It signals financial strength, project stability, and reliability to both clients and surety providers. If the...

Contractors can calculate KPIs, too

Successful companies of all types use key performance indicators (KPIs) to monitor their financial health and spot red flags. Well, you know what? Construction businesses can do it, too. And you should. Let's review...

Protect your manufacturing company with group captive insurance

In recent years, manufacturers have increasingly turned to group captive insurance as a strategic alternative to traditional insurance models. Commercial insurance policies can be costly and may not cover all the...

Manufacturers: Do you know the telltale signs of vendor fraud?

Vendor fraud can be a significant risk in the manufacturing sector, where companies rely on numerous third-party suppliers for raw materials, components and services. Deceptive practices can erode your manufacturing...

Disaster victims may qualify for tax relief … including on amended returns

Victims of presidentially declared disasters in recent years who couldn't previously claim a casualty loss deduction may now be able to claim a refund. Additional tax relief also might be available. Read on to learn...

Powers of Attorney as Part of Your Estate Plan

A Power of Attorney (POA) can be an essential tool in estate planning. Understanding the different types of Powers of Attorney is important in choosing the right instrument to fulfill an individual's particular...

Understanding Foreign Trade Zones and How They Can Be an Effective Planning Tool to Mitigate Tariffs and Related Costs

With the new regulations on tariffs, there are some cost-saving measures on foreign merchandise that is re-exported as finished goods. By optimizing entry procedures, businesses can leverage the supply chain to...

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