Is your lean journey stalled?
- ByRick Williams
- Aug, 05, 2021
- Manufacturing
- Comments Off on Is your lean journey stalled?
So, you’ve started your lean journey, got your people trained, things are heading in the right direction. You have some half-decent morning meetings going, people are making improvements on a regular basis, and overall you’re thrilled with the results of this crazy lean thing. Before you know it, the honeymoon is over. It seems like […]
Is an LLC the right choice for your small business?
- ByPolk & Associates
- Aug, 05, 2021
- All News & Information
- Comments Off on Is an LLC the right choice for your small business?
Is a limited liability company (LLC) the right choice for your small business? Like the shareholders of a corporation, LLC owners (called members) generally aren’t liable for the debts of the business except to the extent of their investment. So their personal assets are protected from the entity’s creditors. Plus, partnership earnings aren’t subject to an entity-level tax. Instead, they “flow through” to the owners (in proportion to their respective interests), are reported on the owners’ individual returns and taxed only once. To the extent the income passed through to you is qualified business income, you’ll be eligible to take the pass-through deduction, subject to various limitations.
5 possible tax aspects of a parent moving into a nursing home
- ByPolk & Associates
- Aug, 05, 2021
- All News & Information
- Comments Off on 5 possible tax aspects of a parent moving into a nursing home
If your parent is entering a nursing home, there may be tax breaks. For example, the costs of qualified long-term care, including nursing home care, are deductible as medical expenses to the extent they, along with other medical expenses, exceed 7.5% of adjusted gross income (AGI). If your parent qualifies as your dependent, you can include any medical expenses you incur for your parent along with your own when determining your medical deduction. Premiums paid for a qualified long-term care insurance contract are deductible as medical expenses (subject to annual limitations based on age) to the extent they, along with other medical expenses, exceed the percentage-of-AGI threshold.
2-Day Online auction of Precision Tooling & Warehouse Support Equipment
- ByPolk & Associates
- Aug, 02, 2021
- Manufacturing
- Comments Off on 2-Day Online auction of Precision Tooling & Warehouse Support Equipment
The public will have a major opportunity to participate in a 2-day facility liquidation auction. Assets in this auction include a massive selection of tooling, forklifts, compressors, plant support equipment & much more. Registration is free and open and you will get more details by clicking the following link aucto.com. Polk & AssociatesLarge enough to serve a […]
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