Is Your Inventory Getting the Better of You?
Inventory can be a confounding, slippery and unpredictable creature that can shrink too small or grow too big. Here are some tips to keep inventory under control.
Inventory can be a confounding, slippery and unpredictable creature that can shrink too small or grow too big. Here are some tips to keep inventory under control.
The U.S. Supreme Court has issued its ruling on the WayFair Sales Tax, overturning the sales-tax-only, physical-presence requirement set forth by previous rulings.
To guard against cash flow issues, diligently assess every customer’s creditworthiness before getting too deeply involved. And this includes running the numbers on entities you do business with, just as lenders and investors do with you.
Beall Barclay & Company, one of Arkansas’ largest locally-owned CPA firms, and Beall Barclay Wealth Management will move their Rogers office to a new location on 52nd Street June 22.
The tax rules related to meals and entertainment have changed, and left some uncertainty in the gap between the old law and the new. Before the Tax Cuts and Jobs Act, the deduction allowed for entertainment expenses was limited to 50 percent of the amount otherwise deductible. Under the TCJA, the deduction for entertainment is completely repealed.
One of the most talked-about and Jobs Act is the 20 percent deduction on pass-through income from sole proprietorships, partnerships, S corporations, and LLCs. Because so many construction-related businesses are organized as pass-through entities, many contractors have greeted this provision with understandable enthusiasm.
The middle of the year is the perfect time to stop for a breather. A midyear review can help you and your management team ensure you meet your strategic goals.
One potential solution for succession planning is to find an outside buyer for your company and undertake a long-term deal to gradually cede control to them. Going this route can enable a transition to proceed at a more manageable pace.
Two of our newest CPAs were sworn in at the state capitol this past weekend. Congratulations to Kenny and Justin!
If your company uses off-road vehicles, be sure you are taking full advantage of any federal fuel tax credits that might be available.