Coming off the All-Star break, the second half of the hockey season is in full swing and fans are anxiously wondering if their team will make it to the playoffs. At this point in the season, the playoffs are still… Read More

The post Managing a Professional Sports Team Like a Business appeared first on Anders CPAs.

Professional athletes get paid very well for doing a job they love to do.  While athletes make a lot of money compared to the typical individual, athletes’ take-home pay is not nearly as high as advertised. The information we hear… Read More

The post How Much NHL Players Really Make appeared first on Anders CPAs.

To fill a void of relevant benchmarking data, Anders and our accounting association, the Leading Edge Alliance (LEA), have launched the third annual National Manufacturing Outlook Survey, and we are requesting participation. Created specifically for privately-held manufacturers, this is the… Read More

The post Anders and LEA Launch National Benchmarking Survey for Manufacturers appeared first on Anders CPAs.

More manufacturers may be exempt from the Uniform Capitalization (UNICAP) rules following tax reform. The UNICAP rules from Code Section 263A generally require that certain direct and indirect costs associated with real or tangible personal property manufactured by a business… Read More

The post Tax Reform for Manufacturers: UNICAP Exemption Changes appeared first on Anders CPAs.

The new revenue recognition standard includes important provisions that manufacturers need to be aware of. Effective 1/1/2019 for private companies with calendar year ends, the new standards will change the way manufacturing companies recognize revenue.
Variable Consideration
Manufacturing companies will… Read More

The post How the New Revenue Recognition Standard Will Impact Manufacturers appeared first on Anders CPAs.

Anders has teamed up with the Leading Edge Alliance (LEA) to jointly release the results from the 2019 LEA National Manufacturing Outlook Survey.
For the third year, more than 350 manufacturing executives participated in the survey from a variety of… Read More

The post National Manufacturing Outlook Survey Offers Look Ahead into 2019 appeared first on Anders CPAs.

Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes paid for consumables purchased in support of such government contracts.
The federal government… Read More

The post How Manufacturers Can Save on Sales/Use Tax for Government Contracts appeared first on Anders CPAs.

Our manufacturing client had utilized the Research & Experimentation (R&D) tax credit in the past, but our team questioned if they were getting the maximum benefit from their current method of capturing research wages and related costs. By completing a… Read More

The post Saved Manufacturer Over $350,000 Through R&D Study appeared first on Anders CPAs.

While tax-exempt not-for-profit organizations don’t typically have federal tax liability, most are still responsible for filing an annual information return with the IRS. The IRS Forms 990-EZ, and 990 are public documents that include information about the organization’s mission, programs… Read More

The post Using Form 990 to Market Your Not-for-Profit appeared first on Anders CPAs.

Many not-for-profits organizations have been concerned about the taxability of parking and transportation benefits as a result of the Tax Cuts and Jobs Act. Fortunately, the IRS recently issued interim guidance around the treatment of these benefits incurred after December… Read More

The post How Not-for-Profits Can Take Advantage of New Guidance on Taxable Parking Benefits by March 31, 2019 appeared first on Anders CPAs.

Many not-for-profits organizations have been concerned about the taxability of parking and transportation benefits as a result of the Tax Cuts and Jobs Act. Fortunately, Congress recently moved to repeal the dreaded “parking tax” on fringe benefits, such as free… Read More

The post Unpopular Parking Tax on Not-for-Profits May Be Repealed appeared first on Anders CPAs.

To help celebrate its 60th anniversary, the Guggenheim Museum teamed up with 99% Invisible to offer visitors a guided audio experience of the museum. Even if you've never been to the Guggenheim Museum, you probably recognize it. From the outside, the building is a light gray spiral, and from the inside, the art is displayed on one long ramp that curves up towards a glass skylight in the ceiling. We’re going to take the greatness of this building as a given. What we’re going to focus on are the oddities, the accretions, the interventions that reveal a different kind of genius. Not just the genius of Frank Lloyd Wright, and his bold, original vision, but the genius of all the people that made this building function, adapt, and grow over the decades.

Audio Guide to the Imperfections of a Perfect Masterpiece

In the 1930s, Lester Gaba was designing department store windows and found the old wax mannequins uninspiring. So he designed a new kind of mannequin that was sleek, simple, but conveyed style and personality. As a marketing stunt, he took one of these mannequins everywhere with him and she became a national obsession. “Cynthia” captivated millions and was the subject of a 14-page spread in Life Magazine. Cynthia and the other Gaba Girls changed the look and feel of retail stores.

Mannequin Pixie Dream Girl

Make your mark. Go to radiotopia.fm to donate today.

The long-awaited return of Smart Stuff with Justin and Roman, featuring Justin McElroy and Roman Mars.

Make your mark. Go to radiotopia.fm to donate today.

Everyone should listen to My Brother, My Brother, and Me on the Max Fun Network.

Vantablack is a pigment that reaches a level of darkness that’s so intense, it’s kind of upsetting. It’s so black it’s like looking at a hole cut out of the universe. If it looks unreal because Vantablack isn’t actually a color, it’s a form of nanotechnology. It was created by the tech industry for the tech industry, but this strange dark material would also go on to turn the art world on its head.

Their Dark Materials

The weather can be a simple word or loaded with meaning depending on the context -- a humdrum subject of everyday small talk or a stark climactic reality full of existential associations with serious disasters. In his book The Weather Machine, author Andrew Blum discusses these extremes and much in between, taking readers back in time to early weather-predicting aspirations and forward with speculation about the future of forecasting, including potentially dark clouds on the horizon.

The Weather Machine

The only truly accurate map of the world would be a map the size of the world. So if you want a map to be useful, something you can hold in your hands, you have to start making choices. We have to choose what information we're interested in, and what we're throwing out. Those choices influence how the person reading the map views the world. But a map’s influence doesn’t end there, maps can actually *shape *the place they’re trying to represent and that’s where things get weird.

Map Quests

On this shelter-in-place edition of 99pi, Roman walks around his house and tells stories about the history and design of various objects

Buy Beauty Pill Describes Things As They Are and all Beauty Pill records on Bandcamp or wherever you can find it.

Roman Mars Describes Things As They Are

Here in the US, we're not used to needing to cover half of our faces in public, but if you look at the other side of the world, it's a different story. In parts of Asia, wearing a mask in response to the coronavirus pandemic was a totally easy and normal adjustment. Rebecca Kanthor is a reporter based in Shanghai who has lived in China for the past 17 years, and she tells us why the culture behind masks developed so differently there, and the doctor who started it all.

Plus, we look at the manufacturers who pivoted to make products that are in short supply because of the pandemic.

Masking for a Friend

We have a book coming out!!! Check out The 99% Invisible City here.

During the boom times of recent years, businesses concentrated on growing the top line and managing costs, and not as much time focused on working capital components, such as accounts receivable, accounts payable and inventory. Now with financial strain on businesses as a result of COVID-19, business owners and leadership teams need to not only...

The post 10 Tips for Managing Cash Flow in a Crisis appeared first on Anders CPA.

The St. Louis County Small Business Relief Program, (SBR), slated to award $17.5 million to small businesses, was recently announced by County Executive Sam Page. The grants make up about 10% of the $173.5 million in federal relief funds the county received from the CARES Act. The program will provide financial relief to small businesses...

The post $17.5 Million in Grants Available for St. Louis County Small Businesses appeared first on Anders CPA.

Anders tax partner Dave M. Finklang, CPA/CGMA, MBA and tax supervisor Rebekah J. Tucker, CPA have been selected to join the St. Louis Small Business Task Force. Founded by Erin Joy, CEO of Black Dress Circle, the Task Force is a new initiative to bring together leaders from varied industries to clearly define and address...

The post Dave Finklang and Rebekah Tucker Named to St. Louis Small Business Task Force appeared first on Anders CPA.

As the COVID-19 pandemic spread, it was apparent that there would be more assistance needed to help our nation’s small and medium sized businesses. Although the Paycheck Protection Program (PPP) was in full swing, it seemed to be a temporary fix for a much longer-term challenge. On April 9th, the Board of Governors of the...

The post Main Street Lending Program: Is it Right for My Business? appeared first on Anders CPA.

On November 8, 2019, Sen. Deb Fischer visited the NECA Nebraska Chapter to discuss NECA’s priority issues. Pictured from left to right are Todd Becker of Thompson Electric, Barry Mayfield of IBEW Local 22, Craig Langfeldt of Miller Electric, Anthony Varbaro of the NECA Nebraska Chapter, Dan Smith of Electric Company of Omaha, Sen. Deb Fischer, Rick Milota of National Electric, Neil Davidson of Commonwealth Electric, and NECA Nebraska Chapter Executive Allan Hale.

On November 25, 2019, members of NECA’s Penn-Del-Jersey Chapter met with Rep. Lisa Blunt Rochester (D-Del.). The group discussed small business issues, composite plans, and the importance of infrastructure investment. Pictured from left to right are PDJ Chapter’s Aaron Kelley, Dan Hahn of Furness Electric, Christine Meyer of Battaglia Electric, Rep. Blunt Rochester, and PDJ Chapter Executive Jeff Scarpello. 

This week in government affairs: NECA opposes bill to raise top tax rate for pass-throughs, NECA member testifies before the house small business committee and NECA Wins in NDAA.

1. NECA Wins in Year-End Funding Bills

On December 17, 2019, Congress passed two funding bills, H.R. 1158, FY2020 Consolidated National Security Appropriations Package and H.R. 1865, FY2020 Consolidated Domestic and International Assistance Package, both resulting in big wins for NECA contractors.

NECA’s Look Ahead: In addition to ensuring the full operation of the federal government for the remainder of Fiscal Year 2020, several of NECA’s top legislative priorities were included:

• Full repeal of the Affordable Care Act’s (ACA’s) 40 percent “Cadillac Tax”

• Allowing 529 savings accounts to be used for costs associated with Department of Labor (DOL) registered apprenticeship programs

• Seven-year reauthorization of the Terrorism Risk Insurance Program

• Extension of the National Flood Insurance Program

• Full repeal of health insurance tax (HIT) and the medical device excise tax

• Seven-year authorization of the U.S. Export-Import Bank

• An extension of 179D energy efficiency tax deduction retrospectively from 2017 and prospectively through 2020

• $1 billion for Better Utilizing Investments to Leverage Development (BUILD) grants

Summaries of the package can be found below:

Full Package Summary – H.R. 1158

Full Package Summary – H.R. 1865

Division Q – Summary (Revenue Provision Amendment)

2. USMCA Passes the House

On December 19, 2019, the House passed, in a 385 to 41 vote, the NECA-supported United States-Mexico-Canada Agreement (USMCA), H.R. 5430, to replace the North American Free Trade Agreement (NAFTA).

NECA’s Look Ahead: Now that the USMCA has passed the House, it will move to the Senate. Under the Trade Promotion Authority (TPA), the bill procedurally spends up to 15 legislative session days in the Senate Finance Committee. Then, there are up to 15 session days for the Senate to vote on the floor. With Impeachment Articles passed from the House taking precedent, USMCA is unlikely to see a Senate vote any time before late February.

3. Impeachment Update

On December 18, 2019, the House of Representatives took up impeachment procedure and  passed H. Res. 755 – “Impeaching Donald John Trump, President of the United States, for high crimes and misdemeanors” by a vote of  230 – 197, 1 for Article I and by a vote of 229 – 197, 1 for Article II.

NECA’s Look Ahead: It remains unclear when the two articles of impeachment will reach the Senate. When they do arrive to the Senate, it is expected that the Senate will begin the trail immediately.  

On December 19, 2019, Peter Butler of NECA’s Northern California Chapter met with Rep. Jerry McNerney (D-Calif.) in the district.

On December 19, 2019, members of NECA’s Penn-Del-Jersey chapter attended a holiday event in Philadelphia with Rep. Madeleine Dean (D-Pa.). Pictured with Penn-Del-Jersey Chapter’s Aaron Kelley with Rep. Dean.  

On December 23, 2019, members of NECA’s Penn-Del-Jersey Chapter met with Rep. Fred Keller (R-Pa.) in the district. The group discussed NECA’s priority issues and the electrical contracting industry. Pictured from left to right are Matt Green of Appellation Construction, Rep. Fred Keller, and Penn-Del-Jersey Chapter’s Aaron Kelley. 

On January 14, 2020, members of NECA’s Penn-Del-Jersey chapter had the opportunity to meet with Rep. Dan Meuser (R-Pa.) and the Secretary of Labor Scalia

On December 11, 2020, members of NECA’s Northern California Chapter met with Rep. Mike Thompson (D-Calif.)

On January 22, 2020, members of the Long Island Chapter NECA met with Rep. Peter King (R-N.Y.)

On January 23, 2020, members of NECA’s Northern California Chapter met with Rep. Eric Swalwell (D-Calif.)

Last week, members of NECA’s Long Island Chapter met with Rep. Lee Zeldin (R-N.Y.)

On February 11, 2020, members of NECA’s Penn-Del-Jersey Chapter met with Rep. Madeleine Dean (D-Pa.)

1. Hearing on Expanding the Family and Medical Leave Act

On Tuesday, February 11, 2020, the Workforce Protections Subcommittee held a hearing to discuss the issue of paid family leave. This hearing examined the different ways that the Family and Medical Leave Act (FMLA) could be updated to best benefit employees, employers, and the American economy. Among suggested updates are expanding eligibilty under the FMLA, reducing exclusions, promoting tax cuts to businesses that provide paid leave, and increasing employee access to additional paid leave options.

NECA’s Look Ahead: NECA will continue to monitor this issue as different solutions to paid family and medical leave are presented, working with legislators to reduce the impact on the electrical construction industry. 

2. President Trump Releases Budget Proposal to Congress 

On March 11, 2019, President Donald Trump released his budget proposal to Congress, “A Budget for America’s Future”. The budget and detailed summaries are found here. 

NECA’s Look Ahead: The President’s budget in its current form will not be passed by Congress to become law. The budget is largely seen as a political document. Regarding government funding, the House is expected to introduce the twelve appropriations bills in Subcommittee by the end of April, with the full committee hearings expected in May. The goal is to pass the twelve bills through the House by July. The Senate is expected to pass their version in June.

3. Your Vote Counts!

The 2020 state primary elections are coming up, so be sure to make your vote count! NECA contractors are uniquely positioned to play an important part in our nation's electoral process. NECA is a diverse organization comprised of many voices and election day is your opportunity to make your voice heard.  

NECA’s Look Ahead: Be sure you are registered to vote in your state before election day and research the candidates on your ballot to see where they stand on issues important to you.

On February 16, 2020, members of NECA’s East Tennessee Chapter met with Rep. Tim Burchett (R-Tenn.)

On February 24, 2020, NECA’s San Diego Chapter Executive, Andy Berg (left) met with Rep. Juan Vargas (D-Calif.)

On February 24, 2020, a member of NECA’s San Diego Chapter met with Rep. Mike Levin (D-Calif.)

On April 8, 2020, members of NECA’s San Diego Chapter met with Rep. Mike Levin (D-Calif.)

1. PPP Safe Harbor Deadline Extended

On May 5, 2020, the U.S. Treasury Department extended the safe harbor date for those that applied for a PPP loan prior to April 24, 2020. The original date, May 7, 2020, has been pushed back to May 14, 2020. Borrowers will not need to apply for the extension and additional guidance on how the SBA will review the certification will be provided shortly. NECA released the following alert pertaining to the extension and forthcoming guidance.

NECA’s Look Ahead: NECA is pleased by this extension after sending a letter to the Treasury department last week. We continue to advocate for NECA contractors as we move forward during this time.

2. Bill Introduced to Make 501(c)(6) organizations Eligible for PPP Loans

On May 5, 2020, Representatives Chris Papas (D-NH), Brian Fitzpatrick (R-PA), and Greg Steube (R-FL) introduced H.R.6697 – “Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020”. This NECA supported legislation would expand the Paycheck Protection Program by allowing 501(c)(6) organizations, such as NECA Chapters, to access the Paycheck Protection Program to meet payroll and other necessary expenses during this crisis. 

NECA’s Look Ahead: NECA will encourage the inclusion of this bill in any future COVID-19 relief package along with additional PPP reforms such as:

• Extending the PPP to more than eight weeks or allow companies to apply again after the first eight-week period ends.

• Increasing the qualified expenses covered under the Paycheck Protection Program to include nonpayroll expenses.

3. NECA Requests Infrastructure Support in Next COVID-19 Bill

NECA joined 71 trade associations and labor unions in a coalition letter to President Trump to encourage continued support for infrastructure in the next Phase of COVID-19 legislation.

NECA’s Look Ahead: NECA continues to advocate before the Administration and Congressional leaders for the inclusions of major infrastructure investment as a corner stone for the next phase of COVID-19 legislation, often referred to as Phase IV.

Google has added an Undo Send feature to Gmail. Now you can finally unsend an email, although you have just a short time to unsend it.

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The percentage of email that is spam has fallen to 46.4%, a low not seen since September 2003.

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Automattic announced that it has secured to rights the the .blog top-level domain. It will soon start offering them to customers.

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Google Maps has added a sharing feature. You can track your favorite places and share them with your friends.

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Hooda Math is a provider of free educational math games.The games include Day Trader, Transformation Golf 2 and many more. It is free with ads or you can purchase a membership.

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Eidos Montreal's Mary DeMarle chats about art and business of writing Deus Ex: Mankind Divided, a game about conspiracy theories, terrorism, and fear released into a world awash in the same. ...