HK Business News

If you’re purchasing equipment for your manufacturing company before year-end, determine if it qualifies for the Section 179 expensing deduction.

The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions are funding initiatives and an investment tax credit for manufacturing facilities and equipment.

Workers’ compensation costs can quickly overwhelm a manufacturing company — especially if it turns out to be a rough year with many claims. Here are a few ways to rein in these costs.

Residual (or terminal) value can be a major part of the valuation puzzle. Here are two ways that it can be calculated.

Profits interest awards can be an effective way for LLCs to attract and retain skilled workers, especially if cash is tight. But these awards present valuation challenges that most companies can’t handle in-house.

Settling a divorce can be complicated when a closely held business is involved. In addition to estimating business value, the issue of business vs. personal goodwill might need to be tackled.

If you’ve ever filed a business interruption claim, you know that it can be time-consuming and tedious. Here’s an easy way to simplify the claims filing process: Hire a business valuator to do the dirty work.

Owners’ compensation is often one of the largest expenses on a private business’s income statement. So, the IRS monitors it closely. It’s also one of the most contentious adjustments that’s needed to accurately value a business.

Do financial statements tell you how much a business is worth? Not directly. But they can be a useful launching pad for the cost approach.

Congress has passed the Inflation Reduction Act (IRA), an extensive piece of legislation that President Biden has signed into law. The IRA contains tax breaks, tax increases for some large, profitable corporations and provisions related to the federal deficit, climate change, drug prices for those enrolled in Medicare — and much more. Here are some of the highlights.

The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress.

One way manufacturers can widen their hiring pools while potentially qualifying for a valuable tax break is to complete the eligibility requirements for the Work Opportunity Tax Credit.