This presentation by Lumsden McCormick, Boosting Cash Flow: Maximizing Federal R&D Tax Credits for Manufacturers, covered key benefits of a federal R&D tax credit, the qualified activities and expenses for federal R&D tax credits, and much more.
Read MoreMembers of the sandwich generation, who care for aging parents while supporting their own children, face unique financial and emotional pressures. Estate planning is a critical yet often overlooked task that can help manage these challenges effectively.
Read MoreGroup captive insurance is a strategic alternative to traditional insurance models, allowing manufacturing companies to pool their risks and stabilize costs. It offers significant benefits such as cost savings, customization, control over claims, and tax advantages, making it an attractive option for companies with strong risk management practices.
Read MoreSEP and SIMPLE plans are retirement options designed for small businesses to simplify administration and reduce financial burdens. SEP plans allow employers to make discretionary contributions to employees' SEP-IRAs, while SIMPLE plans involve employer matching contributions based on employee salary reductions.
Read MoreThe GST tax is a federal tax that applies to transfers of assets to grandchildren or other skip persons, ensuring that large estates cannot bypass a round of taxation. Careful estate planning, including the use of trusts, is essential to allocate the GST tax exemption effectively and ensure tax-efficient transfers to younger generations.
Read MoreA nonprofit board governance policy provides a framework for decision-making that aligns with the organization's mission. It outlines directors' fiduciary responsibilities, including the duty of care and loyalty, and emphasizes the importance of professional support and compliance with governing documents.
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