The Texas Inventory Freeport Exemption: Does Your Business Qualify?
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The Texas Inventory Freeport Exemption: Does Your Business Qualify?

Michael W. Cook  2019 – 09/26 (Confirmed 2023 – 01/23) Your Texas-based manufacturing team has been working for weeks on a huge order of electronic sensors for a security equipment wholesaler in California. Most of the order is now stacked on pallets ready to ship. A few last units are working their way through the…

Is Now the Time for Your Small Business to Launch a Retirement Plan?
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Is Now the Time for Your Small Business to Launch a Retirement Plan?

Many small businesses start out as “lean enterprises,” with costs kept to a minimum to lower risks and maximize cash flow. But there comes a point in the evolution of many companies — particularly in a tight job market — when investing money in employee benefits becomes advisable, if not downright mandatory. Is now the…

Secure Act 2.0
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Secure Act 2.0

2022 – 12/21 A new law aimed at bolstering retirement saving is closer to becoming reality after two years of fine tuning. The Securing a Strong Retirement Act of 2022 (Secure Act 2.0) is part of the omnibus spending bill that Congress is taking up before year end. This version was approved last spring by…

Choosing a business entity? Here are the pros and cons of a C corporation

Choosing a business entity? Here are the pros and cons of a C corporation

2022 – 12/05 If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the major advantages and disadvantages of doing business as a C corporation. A C corporation allows the business to be treated and taxed as a separate entity from you as the…