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Returning Value Blog

Three Key Considerations for Nonprofits in 2023

Posted by Lesley L. Price, CPA on Mar 09, 2023

Last year presented nonprofits with many challenges that will persist into 2023. Ongoing economic volatility, inflation-driven increases in operating costs, and intense competition for talent are among key issues that continue to threaten organizations’ operational and financial wellbeing. 

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Posted in Business Advisory

Protect the "Ordinary and Necessary" Advertising Expenses of Your Business

Posted by Jessica L. Pagan, CPA on Mar 07, 2023

Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their taxes.

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Posted in Business Tax

Three Key Supply Chain Management Questions for 2023

Posted by Nick Wheeler, CPA on Mar 03, 2023

Manufacturers will continue to face supply chain headwinds in 2023, a cause for concern following a turbulent few years. Economic uncertainty, supply shortages, rising costs, and frustrated customers threaten to impede growth.

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Posted in Business Advisory

Cost Optimization Strategies for Resilient Growth

Posted by Michael D. Machen, CPA, CVA on Feb 22, 2023

The overall economic outlook is uncertain, costs continue to rise and supply chain disruption persists. How can businesses enable new growth and find competitive advantage?

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Posted in Business Advisory

Coming Soon: 5 Accounting Rules That Take Effect in 2023

Posted by Lesley L. Price, CPA on Feb 21, 2023

It can be challenging to keep track of which accounting rules are changing when the changes kick in and for which types of entities. Plus, implementing the necessary revisions to your organization’s procedures and systems often takes time and resources. Here are five updates that go live for certain entities this year.

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Posted in Business Tax

Inflation Reduction Act: Costs and Benefits for Real Estate & Construction

Posted by Jessica L. Pagan, CPA on Feb 17, 2023

Introduction

The Inflation Reduction Act's (IRA's) expansion of key energy efficiency tax incentives – such as the 179D energy efficient commercial buildings deduction and the 45L new energy efficient home credit – is anticipated to have a significant impact on real estate and construction industry. The legislation could provide a significant financial boost for firms looking to utilize environmentally conscious building materials and practices, potentially ushering in a new wave of progress in clean energy construction.

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Posted in Business Tax

Key Tax Issues in M&A Transactions

Posted by Marty Williams, CPA on Feb 15, 2023

Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down 41.4% from 2021, according to S&P Global Market Intelligence.

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Posted in Business Advisory

Payroll Tax Rates and Contribution Limits for 2023

Posted by Amber Cochran on Feb 10, 2023

Below are federal payroll tax rates and benefits contribution limits for 2023.

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Posted in Payroll, HR & Benefits

Common Accounting Pitfalls for Startups to Avoid

Posted by Nick Wheeler, CPA on Feb 09, 2023

Accounting is a critical element when launching a successful business venture. Unfortunately, it’s also an area where startups tend to make mistakes. Here are some common (and avoidable) errors that entrepreneurs should watch out for.

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Posted in Taxation

Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act

Posted by Michael D. Machen, CPA, CVA on Feb 08, 2023

The U.S. Treasury Department and the IRS, on December 29, 2022, released information on the clean vehicle provisions of the Inflation Reduction Act. The new guidance provides greater clarity to consumers and businesses that, beginning January 1, 2023, are able to access tax benefits from the law’s clean vehicle provisions. 

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Posted in Business Tax

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