When working with retailers, a common question I get asked is “How do I know if my business is doing well, and what should I be looking at?” It’s a great question and one that I find many business owners struggle with and generally don’t know where to look to find the...
The COVID-19 pandemic sent a shock wave through the manufacturing industry and highlighted key points of risk that resulted in the massive supply chain shortages we saw over the past few years. While these supply chain headwinds are likely to continue in 2023, there...
In December 2022, the Biden administration signed into law the Consolidated Appropriations Act, 2023, which included the SECURE Act 2.0 of 2022. The original SECURE Act was released in December 2019 and sought to expand retirement savings coverage and increase savings...
As talk of a looming recession continues to dominate the daily headlines, restaurant owners should strongly consider the consequences of such an event and take a proactive approach to ensuring they are prepared to navigate through another challenge facing the...
The majority of U.S. states require businesses to collect and remit sales and use taxes, regardless of whether the business is physically located in the state or not. Tackling sales tax upfront is critical to reducing potential tax liabilities of the company and...
Side businesses have become increasingly popular among Americans over the last several years. With the ability to work remotely and the forced lockdowns caused by the COVID-19 pandemic, this trend has seen significant growth since 2020. For some individuals, this...
The Holiday shopping season is in full swing now that Black Friday and Cyber Monday have passed. Stores will welcome thousands of visitors, most of which will be there to legitimately shop. However, there will most likely be a few shady characters and potential...
The holidays are rapidly approaching, and the holiday season is big business for retailers! Americans spent over $886 billion during the 2021 holiday season according to the National Retail Federation (NRF) which is impressive considering that it occurred during a...
Economic conditions in the United States currently are confusing. Although there are currently some signs of a recession, there is still debate between organizations about whether the recession has officially hit or is still on its way. Supporting the argument of a...
As Federal Excise Tax (FET) continues to be a source of confusion, frustration, and complexity for heavy-duty truck and trailer dealers, the thought of an IRS exam only increases the level of anxiety that dealers already have. As such, dealers would be wise to review...