The deductibility of meal expenses for employers and business entities is a nuanced area of tax law that requires careful consideration of various rules and exceptions. This article explores the intricacies of meal expense deductions, focusing on when the 50% deductibility rule applies, exceptions to this rule, and strategies for planning around these limitations. The …..

You’ve hit your 40s or 50s, and suddenly, retirement doesn’t feel like a distant mirage. The countdown is on. But here’s the good news: You’re in a prime position to play catch-up and fortify your future, using smart tax strategies to stretch your dollars further. Think of it as turning your financial cruise control into …..

The dreaded moment arrives: you check your mail, and there it is—a letter from the IRS. Your heart sinks. What could it be? A mistake? A penalty? A request for missing information? If this sounds familiar, you’re not alone. During filing season, the IRS sends out millions of notices, often leaving taxpayers confused, stressed, and …..

Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund. Here are some key things parents need to know. To begin with, for parents to take advantage of most of the child-related tax benefits, the child must have a Social Security Number …..

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2025 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on Jan. 1, 2025, the standard mileage rates for the use of a car (or a van, pickup …..

By Randy Gieseking, President of Safety Management Group Over three decades in the field, it has become evident that safety extends beyond compliance; it involves addressing the real challenges faced daily by workers, owners, and contractors on the ground. Recently, a senior safety advisor observed that a worker appeared to be struggling. After initiating a conversation, …..

By Jay Langston and James Hamilton For many general contractors, taking on work in a new state or region can offer transformative opportunities for building a thriving business and a respected reputation. But managing projects is challenging enough – even if the jobsite is down the street and all members of the project team are familiar …..

A construction business whose structures collapse is doomed to failure. This is why blueprints are drawn and foundations must be solid. A construction business that fails to keep its books is equally at risk of failure. If a construction business fails to track income and expenses, materials can’t be ordered, paid for, and their delivery …..

by Steve W. Smith In recent years, the U.S. construction sector has been caught in a perfect storm: a dwindling pool of skilled laborers just as demand for their expertise skyrockets. According to data from the Associated Builders and Contractors (ABC), the industry is grappling with a deficit of 501,000 workers to satisfy existing demand. What’s …..

Nathan Wechsler & Company is excited to announce the addition of Matthew J. Sawyer as a Senior Manager.  He performs work for a diverse range of clients, focusing on auditing, accounting, consulting and special projects. “We are pleased to welcome Matthew Sawyer to our team,” said Kelli D’Amore, Managing Director of Nathan Wechsler & Company. …..

The Corporate Transparency Act, enacted in 2021, introduced a critical federal reporting requirement to combat illicit finance in the United States. Effective January 1, 2024, many U.S.-based companies must file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN). Here’s an overview of what this means for your business. What Is BOI …..

Nathan Wechsler & Company is pleased to announce the addition of Fallyn A. Mele as a Senior. Fallyn brings a specific set of skills and experience to the firm, and we are excited to have her join our team. Fallyn joined Nathan Wechsler & Company in 2024 and has quickly become an essential part of …..

Nathan Wechsler & Company is pleased to announce the addition of Samantha Higgins as a Tax Supervising Senior. Samantha brings a wealth of expertise and experience to our firm, and we are excited to have her join us. Samantha joined Nathan Wechsler & Company in 2024 and has quickly become an integral part of our …..

Nathan Wechsler & Company is thrilled to announce the promotion of four exceptional professionals to Manager. This recognition reflects their outstanding contributions and dedication to excellence in their roles. Brady Wentworth Brady has been with Nathan Wechsler & Company since 2019 and has consistently delivered high-quality services across compliance, financial statement preparation, tax return preparation, …..

Nathan Wechsler & Company is pleased to announce key promotions within the Keene office, recognizing the outstanding contributions of Katie Kurowski and Jeremy Mosieur. Katie Kurowski, Supervising Senior Katie Kurowski has been promoted to Supervising Senior. Since joining the firm, Katie has demonstrated exceptional skills and leadership. Her ability to manage complex projects and deliver …..

Nathan Wechsler & Company is pleased to announce the promotion of Kim O’Connor to Senior Manager. This promotion recognizes Kim’s exceptional performance and leadership within the firm. Kim joined Nathan Wechsler & Company in 2021 and has made significant contributions in accounting, compliance, income tax return preparation, and special projects. Her specialization in business taxes …..

Nathan Wechsler & Company is excited to announce several key promotions within the Concord office, recognizing the outstanding performance and dedication of Kaitlin Morin, Brianna Sawyer, James Shokal, and Nathan Bulluck. Kaitlin Morin, Supervising Senior Kaitlin Morin has been promoted to Supervising Senior. Kaitlin’s exceptional skills and leadership have greatly contributed to the firm’s success. …..

It’s not at all unusual for a manufacturing and industrial (M&I) organization to manage hundreds of tier-one suppliers, but that number can balloon to tens of thousands of suppliers across the value chain. These secondary and tertiary goods and services include everything from office supplies and IT services to utilities and professional consulting services. If not managed …..

By TJ Richter is Executive Underwriting Officer, Manufacturing/Wholesale When manufacturers improve workplace safety, they significantly strengthen the bottom line, improve quality and help attract and retain skilled employees in a historically tight labor market. However, not all manufacturers get it. Those who don’t, collectively spend more than $140 million each week on serious, non-fatal workplace …..

By Bill Remy American manufacturers are dealing with a talent crisis. With over 40% who say hiring talent is their biggest challenge and the 90-day turnover rate reaching 30%, it’s no wonder companies are struggling to meet their production goals. The problem isn’t that people don’t want to work. It’s that so many companies are failing to …..