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Returning Value Blog

Nick Wheeler, CPA

Recent Posts

Four Reasons to Align Your Supply Chain and Tax Strategies

Posted by Nick Wheeler, CPA on Sep 19, 2022

Did you know that 45% of tax executives say they are not involved in supply chain planning?

That’s according to BDO’s 2022 Tax Outlook Survey, which found that business leaders do not always consult with their tax departments on decisions that can affect their companies’ total tax liability.

But do tax executives really need to be involved in supply chain planning?

Full Story

Posted in Business Tax

Year-End Tax Planning Ideas for Your Small Business

Posted by Nick Wheeler, CPA on Sep 06, 2022

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely produce the best results for most businesses, as well as bunching deductible expenses into this year or next to maximize their tax value.

Full Story

Posted in Business Tax

Is Your Business Required to Report Employee Health Coverage?

Posted by Nick Wheeler, CPA on Aug 10, 2022

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done?

Full Story

Posted in Business Tax

Collecting, Modeling, and Securing Your Restaurant's Data

Posted by Nick Wheeler, CPA on Jul 27, 2022

The restaurant industry is no stranger to the critical role data plays in running a business. Yet, in many cases, the restaurateur struggles to identify the proper data from the sheer volume that may be available through countless sources — POS terminals, online ordering services, social media, and more. It’s this array of data sources that, if properly accessed, holds great value in guiding the success of the business.

Full Story

Posted in Business Advisory

How Do Taxes Factor Into an M&A Transaction?

Posted by Nick Wheeler, CPA on Jul 07, 2022

Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought and sold. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law.

Full Story

Posted in Business Advisory

How COVID-19 Changed the Life Insurance Industry

Posted by Nick Wheeler, CPA on Jun 16, 2022

As the COVID-19 pandemic wears on, trends in the life insurance industry remain unpredictable. Policy sales have changed substantially, payouts have soared to levels not seen in over a century, and clients have grown more accustomed to personalized digital experiences. As COVID-19 vaccination rates rise and the economic recovery continues, life insurers are embracing new digital practices to meet a new set of customer expectations.

Full Story

Posted in News & Events

Forecasts vs. Projections: What's the Big Difference?

Posted by Nick Wheeler, CPA on May 18, 2022

Financial statements look at historical performance. But there are times when you want forward-looking reports to help your business make strategic investment decisions, evaluate the viability of a turnaround plan or apply for a loan. Your accountant can help ensure the assumptions underlying prospective financial statements make sense in today’s volatile marketplace.

Full Story

Posted in Business Advisory

The Tax Mechanics Involved in the Sale of Trade or Business Property

Posted by Nick Wheeler, CPA on Apr 26, 2022

What are the tax consequences of selling property used in your trade or business?

Full Story

Posted in Business Tax

Fully Deduct Business Meals This Year

Posted by Nick Wheeler, CPA on Apr 06, 2022

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants in 2022 (and 2021).

Full Story

Posted in Business Tax

Taking The Opposite Approach: Accelerate Taxable Income and Defer Deductions

Posted by Nick Wheeler, CPA on Mar 22, 2022

Typically, businesses want to delay the recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to?

Full Story

Posted in Business Tax

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