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Manufacturing contracts face new Sec. 199 rules

Posted by on Apr 2, 2014 | 0 comments

Manufacturing contracts face new Sec. 199 rules

The IRS issued new eligibility guidelines last summer that attempt to clarify which companies are eligible for the manufacturers’ deduction under Section 199 of the tax code when multiple parties manufacture a product. This article explains the deduction and how the new guidelines are intended to make it easier for manufacturers to comply with its requirements. A sidebar reminds manufacturers that Congress has yet to renew expanded Section 179 expensing limits. Read the full article in the Spring issue of...

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More than money: Customer-smart invoicing

Posted by on Apr 2, 2014 | 0 comments

More than money: Customer-smart invoicing

Sending customers an invoice and receiving their payment sounds simple. But the process can be so much more — it can be an opportunity to improve business relationships and gather useful data. It’s called “customer-smart invoicing,” and it’s about more than just money. This article examines the two basic concepts underlying customer-smart invoicing: communication and information. Read the full article in the Spring issue of On-Site.

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Tips for turning a profit on your properties

Posted by on Apr 1, 2014 | 0 comments

Tips for turning a profit on your properties

The U.S. real estate market has seen many ups and downs over the years. But this article looks at ways to help ensure that properties turn a profit. It offers a variety of suggestions for reducing expenses and vacancy rates and maintaining close communication with tenants. Read the full article in the March/April issue of Real Estate Advisor.

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Women of Hertzbach Lean In to Hear What Sheryl Sandberg Has to Say

Posted by on Mar 14, 2014 | 0 comments

Women of Hertzbach Lean In to Hear What Sheryl Sandberg Has to Say

These days, there is always a catchword or hashtag that’s making headlines and getting people talking. And this week, that word is “bossy” or… #banbossy. It even has its own website. A list of famous names are associated with banning the word “bossy”, from singer Beyonce to actress Jane Lynch to former Secretary of State Condoleeza Rice. However the name that caught my attention was Sheryl Sandberg, CEO of Facebook and author of Lean In: Women, Work, and the Will to Lead. Sheryl Sandberg recently launched the campaign to ban the word “bossy”...

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How to Protect Your LLC Investments

Posted by on Mar 7, 2014 | 0 comments

Real estate owners and developers often form limited liability companies (LLCs) to hold title to property. One key reason for making the switch is that LLCs limit personal liability. While these entities do offer protection from personal liability for the debts and liabilities of the entity itself, some exceptions exist that could drain an owner’s or developer’s personal finances. This article discusses some of the ways that personal liability can exist and how it can be minimized. Read the full article in the March/April issue of Real Estate...

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Employer Shared Responsibility Provision of ACA Delayed

Posted by on Feb 19, 2014 | 0 comments

Employer Shared Responsibility Provision of ACA Delayed

The Affordable Care Act’s (ACA) shared responsibility effective date has been modified again.  The provision requires applicable large employers to either offer affordable minimum essential health insurance coverage or face a penalty.  The provision was originally scheduled to go into effect 1/1/14 but was previously delayed until 2015. The IRS announced on February 10th that the requirement and related penalty will now be delayed further for some employers and phased-in for others.  Below is a summary of the Treasury press release:...

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Qualified Retirement Plans and Record Retention Requirements

Posted by on Feb 12, 2014 | 0 comments

Qualified Retirement Plans and Record Retention Requirements

The Employee Retirement Income Security Act of 1974 (ERISA) is the framework for the minimum standards of reporting and disclosure requirements for qualified retirement plans in private industry. Did you know that includes record retention requirements? Section 107 of ERISA stipulates that in general plan-related materials should be kept for at least six years after the filing of an ERISA-related return or report. Documents that would be subject to this six-year retention requirement include, but are not limited to, the following: Original...

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Playing “tag”. Tracking Technologies Can Improve Inventory Management

Posted by on Feb 3, 2014 | 0 comments

Before investing thousands of dollars in converting to RFID tags and readers, distributors should consider whether bar coding — or a combination of these two options — is the optimal choice for their company. Bar codes are generally less expensive, but RFID offers a host of additional benefits. This article discusses how the two technologies work and the considerations that should be addressed in deciding which technology to adopt. Read the full article in the Winter issue of...

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Final IRS Regulations Address Capitalization vs. Expensing

Posted by on Feb 3, 2014 | 0 comments

This past fall, the IRS released its long-awaited final regulations on the tax treatment of expenditures related to tangible property. So contractors and other business owners finally have some answers to the “deduct or capitalize” quandary. This article discusses a couple of safe harbors to the capitalization requirement; the tests that are used to determine whether an expense should be capitalized; and replacement of the former ceiling on expensed amounts with a new safe harbor determined at the invoice or item level. A sidebar looks at key...

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Valuation Comparables in a Slow Market

Posted by on Feb 3, 2014 | 0 comments

The unstable real estate market over the past several years has posed many appraisal challenges. In particular, low purchase prices — often resulting from “distressed” sales — and a relatively small number of transactions in some markets can make it difficult for appraisers to locate comparable transactions (or comps), a critical element in many valuations. But qualified appraisers do have ways of dealing with such situations; this article discusses some of the adjustments they can make. Read the full article in the January/February issue of...

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