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Business Best Practices Archives | Delap CPA

01 Feb

Manufacturing Companies Plan to Prioritize Cybersecurity Spending in 2019

February 1, 2019 | By | No Comments

The Leading Edge Alliance (LEA) released the 2019 Manufacturing Outlook and Insights Report. Contained within the report was a finding that in 2019: 75% of manufacturers surveyed plan to invest or prioritize cybersecurity spending 54% of manufacturers will be increasing spending on technology or intelligence Of those focused-on technology developments, 34% stated that cybersecurity is a […]

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10 Jan

Taking a Fresh Look at Medical Malpractice Liabilities

January 10, 2019 | By | No Comments

At one point or another, it’s likely to happen to any healthcare organization: a patient files a medical malpractice claim.  The first order of business is usually a call to your attorney and malpractice insurance carrier.  But what about a call to your accounting department?  Is there even an accounting implication when a malpractice claim […]

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30 Nov

Passthrough Deduction for Advertisers, Marketing and Creative Agencies

November 30, 2018 | By | No Comments

  One of the best opportunities in the new tax law for business owners in the creative and advertising industry is the new passthrough deduction. Called the 199A deduction, this new law allows business owners a deduction equal to 20% of qualified business income passed through to them from sole proprietorships, single-member LLCs, partnerships, and […]

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27 Nov

C Corporation to S Corporation: Why the Hype?

November 27, 2018 | By | No Comments

Note: This article, originally posted March 2, 2017, has been updated as of January 3, 2019, by Benjamin Miller to reflect current rates and to consider the impact of 2018 tax reform. If you are the owner of a closely held C corporation, chances are your accountant has mentioned something to you about converting to […]

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21 Aug

Five Signs You Need an Inventory Reserve

August 21, 2018 | By | No Comments

August 21, 2018 Your inventory could be at the core of what you do. Your inventory might play a supporting role in keeping you and your customers moving forward. For a lot of businesses, inventory is often recorded at what you paid for it and sits on the balance sheet until it’s sold. Naturally, this […]

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