The many changes brought about by the Tax Cuts and Jobs Act (TCJA) have been largely beneficial for businesses across all industries. One change in regard to tax accounting methods is particularly advantageous for contractors and manufacturers: an increased annual gross receipt threshold of $25 million for tax years beginning after December 31, 2017.
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Connections are the glue that builds lasting and successful business relationships. To us, it’s about providing you ongoing guidance with an in-depth understanding of your business direction and financial goals in mind. We believe a proactive approach means more than making suggestions. It’s about communication, timeliness, accuracy and an educational experience that provides you with tools, knowledge and responsive support. It’s about accessible professionals ready to roll up our sleeves and work with you, explain the financial outcomes of big decisions or mobilize for new opportunities that help your business grow.
DS+B ® is a professional services firm dedicated to serving privately held businesses, their owners, management teams and families. As a team of CPAs and business advisors, we deliver an award-winning, integrated client service experience that combines accounting, audit, tax, valuation, employee benefits, information technology and wealth management.
Featured News + Insights
On June 21, the U.S. Supreme Court issued a ruling overturning a 1992 precedent that had barred states from requiring online retailers without a “physical presence” there to collect sales taxes. Going forward, this decision will present numerous challenges to businesses of all sizes that have out-of-state sales, not solely those that sell products online. Talk with your tax advisor, there may be more you need to know – even if you aren’t an e-commerce business.
Now that the TCJA is in place, business owners should schedule discussions with their CPA or tax professional about the potential advantages of entity structure changes, relative to their future goals. The following is a guide to begin that journey.
Reaching growth and profit objectives in the manufacturing sector requires constant adaptation to conditions outside the factory floor, assembly line or fabricating shop. Competition for qualified workers, technology, economic conditions, fluctuating costs, regulations and productivity are but a few of the strategic considerations. Maximizing profits and opportunity begins with assembling the right team of experienced advisors.
DS+B provides a connected, proactive and accessible team to streamline your accounting, tax, financial reporting and business advisory needs – so you can spend more time focused on the health of your patients. Our healthcare-focused CPAs and professionals are experienced in helping medical practice leaders nationwide improve financial performance, remain profitable and remain independent.
With 60+ years of experience serving the needs of owner-operators, DS+B provides accurate and timely service to support your monthly financial reporting, P&Ls, and franchise agreements. To grow profitably, our team delivers industry-specific expertise on everything from cash flow, to real estate, to proactive tax strategies.