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NJ Accounting, Tax & Business Consulting Articles

19 Jun

Augmented Reality is the New – and Better – Reality in Manufacturing

Augmented Reality for Manufacturing | Spire Group, PC Manufacturers that seek greater cost reductions, increased speed and fewer errors are increasingly implementing augmented reality (AR) technology to improve processes throughout their manufacturing operation. AR is not necessarily new to manufacturing – it’s been around in various forms for years – but its technology continually evolves […]

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12 Jun

Considerations for Business Entity Selection Under Tax Reform

Considerations for Business Entity Selection Under Tax Reform | Spire Group, PC C Corporation or S Corporation? It All Depends. Ever since Congress enacted the Tax Cuts and Jobs Act in December, many business owners are reconsidering which business entity makes the most sense for their particular business. With the new, lower tax rate for […]

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07 Jun

Schedule C Form 1040 Filers Beware: The IRS Is Monitoring Your Deductions

Schedule C Form 1040 Filers Beware: The IRS Is Monitoring Your Deductions | Spire Group, PC Every independent business owner wants to reduce their taxes by taking advantage of allowed business deductions. However, just how much taxpayers take advantage of such deductions has caught the attention of the IRS. If you file a Schedule C […]

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23 May

3 Tips to Help You Maximize the Value of Your Privately Held Company

Private Company Valuation | Spire Group, PC It’s likely you’ve heard the famous quote by the esteemed Benjamin Franklin, “By failing to prepare, you are preparing to fail.” This adage applies to so many things in life and business—and business valuation is certainly one of them. If you seek to maximize the value of your […]

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15 May

Tax Implications of Investing in a Small Business

Investing in a small business can be a great opportunity. It can provide you with the chance to earn extra income, to diversify your investment portfolio, and it can be rewarding to help bring another person’s idea to fruition. But of course, with these rewards also come risks, so it is important to fully understand […]

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08 May

The Clock Is Ticking on Adopting New Accounting Standards

New Accounting Standards | Spire Group, PC It might be human nature to procrastinate. It’s definitely not in most accountants’ natures, however. That’s what makes the findings in a recent MorganFranklin poll about the adoption of new revenue recognition and lease accounting standards so surprising. Most companies are simply not making the kind of progress […]

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01 May

Historic Tax Credits Escape Extinction With Few Exceptions

Historic Tax Credits Escape Extinction—Few Modifications to Know Real estate professionals should feel relieved—while historic tax credits (HTCs) were on the chopping block during tax reform debates, the valuable tax credit was, for the most part, left intact in the final Tax Cuts and Jobs Act. In deciding to keep the major benefits of HTCs […]

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