Latest Posts

EB-5 Program: A Unique Way to Obtain a Green Card

Posted: August 19, 2019 - Blog, Tax Planning & Tips

In 2016, there were approximately 10,000 people who obtained green cards through the EB-5 program. The top five countries of the number of applicants were: China 7,516 Vietnam 334 Korea 260 Taiwan 203 Brazil 150 This program may be suitable for a person who is: Able to invest $1,000,000 or $500,000 in the United States Read More

The Future of Work is Multi-Disciplinary Expertise

Posted: August 19, 2019 - Blog, Sage Intacct

The future of work will probably look a lot different than today, especially for the accounting field and other white collar jobs. Accounting firms today may offer tax and audit but will need to become versed in multi-disciplinary expertise like consulting or other related services. No longer will companies want to go from their accountant Read More

Replacing Accountants Is More Expensive Than You Expect

Posted: August 19, 2019 - Blog, Finance & Accounting

In a recent post, we explored the challenges of recruiting and retaining accounting talent right now. Demand for qualified accountants is extremely high at the same time that supply is low and attitudes about company loyalty are changing. As a result, it’s almost certain that finance departments will contend with losses in coming years. Acknowledging Read More

Upskilling: The New Buzz Word

Posted: August 19, 2019 - Blog, Sage Intacct

Lauren Weber, Wall Street Journal wrote a recent article about companies failing to reskill their employees in this age of disruption. Companies can’t assume the “buy, not build” talent strategy because it’s getting more difficult to acquire the necessary skill sets in today’s market. Investing in their current employees has to be part of the Read More

How R&D Tax Credits Provide Tangible Value

Posted: August 19, 2019 - Blog, R&D Tax Credit, Tax Planning & Tips

The R&D tax credit can help companies generate much needed cash flow by offsetting taxes owed or paid. In many cases, the cash generated is used by companies to grow and remain competitive by funding additional research activities perhaps leading to expanded manufacturing lines or equipment. An interesting way to assess the value of an Read More

Illinois Expands the Manufacturer’s Exemption

Posted: August 19, 2019 - Blog, State and Local Tax, Tax Planning & Tips

According to an article found on CCH IntelliConnect Tracker News, supplies and consumables used in manufacturing are exempt from Illinois sales and use tax beginning July 1, 2019. Recent tax legislation expands the manufacturing exemption to once again include production related tangible personal property. Items Qualifying for the Manufacturing Exemption Illinois gives manufacturers a sales Read More

6 Reasons Cloud Accounting Is Here To Stay

Posted: August 19, 2019 - Blog, Sage Intacct

  Brothers Chip and Dan Heath published Made to Stick: Why Some Ideas Survive and Others Die, in 2007. Their idea premise is “stickiness” and it’s core values are below Simple – find the core of any idea Unexpected – grab people’s attention by surprising them Concrete – make sure an idea can be grasped Read More