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Team Thoughts

Manufacturing Team Thoughts

The Hidden Costs of Inventory: Identification and Mitigation Strategies 

Inventory management goes beyond simple tracking; it’s about optimizing costs and maximizing resource efficiency. For manufacturers, recognizing the hidden costs…

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Private Client Services Tax Team Thoughts

Do You Need a Trust? 

CPAs often emphasize the tax benefits of trusts. Trusts can help minimize estate taxes and, in some cases, income taxes….

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Manufacturing Real Estate Tax Team Thoughts

Illinois Sales and Use Tax on Leased Tangible Personal Property

The Illinois Sales and Use Tax on leased tangible personal property, effective January 1, 2025, introduces new requirements for lessors…

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Manufacturing Tax Team Thoughts

263A: Navigating Simplified Methods and UNICAP Compliance

What is UNICAP? ​ This is a continuation of my last article What is UNICAP? Section 263A Explained. 263A (also…

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Manufacturing Team Thoughts

Dissecting the Skilled Labor Shortages Facing the Manufacturing Industry 

Overview  As a pivotal part of the global economy, the manufacturing industry is essential for fostering innovation, job creation, and…

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Tax Team Thoughts

What You Need to Know Before the April 2025 Deadline

With the 2024 tax season just around the corner, there are some important updates you need to know about. Staying…

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