Matter & Substance

Insights from our industry
to help businesses and individuals

May 23, 2023

Inflation Raises the 2024 HSA Amounts

In an era of escalating healthcare costs and ever-changing insurance landscapes, Americans are increasingly turning to Health Savings Accounts (HSAs) as a powerful tool to take control of their medical expenses. The IRS recently released guidance providing the 2024...

May 17, 2023

The Tax Effects of Renting Out Your Vacation Home

Before jumping into the vacation rental market, it’s important for homeowners to understand the tax implications of renting out their vacation home. From rental income to deductions and depreciation, the tax effects of renting out a vacation home can...

May 3, 2023

Will You Owe Tax on the Profits of Your Home Sale?

From capital gains taxes to the 3.8% Net Investment Income Tax (NIIT), the tax implications of a home sale can be significant and impact the bottom line. But with the right knowledge and planning, homeowners can make the most...

April 26, 2023

How Small Businesses Can Thrive by Tapping International Customers

In today’s interconnected world, small businesses have unprecedented access to fast growing global markets. From opening up new revenue streams and sources of supply to reducing operational and tax costs, expanding into international markets has never been easier and...

April 11, 2023

REMINDER: The April 18 Deadline Is Next Week

Next Tuesday, April 18, is Tax Day. If you have not yet given us your information, please do so as soon as possible. Although we cannot guarantee anything that has come in after March 8 will be filed without...

April 4, 2023

Hiring? You May Be Eligible for a Valuable Tax Credit

If you are looking to hire, you should be aware of a valuable tax credit for employers hiring individuals from one or more targeted groups. The Work Opportunity Tax Credit (WOTC) is generally worth $2,400 for each eligible employee...

March 30, 2023

What are the Tax Implications of Modifying International Supply Chains?

Over the last several years, unprecedented supply chain disruptions caused by both the pandemic and geopolitical stress have affected the global availability of raw materials, finished goods, labor, and talent. These issues have increased prices for businesses and consumers...

March 21, 2023

Understanding Net Working Capital Is Vital for a Smooth Transaction

At Mowery & Schoenfeld, our Transaction Advisory Services practice focuses on deals in the lower middle-market, which we define as companies between $1M and $10M of EBITDA. About 80% of our engagements support buyers of these businesses by providing...

March 15, 2023

Matter & Substance

Insights from our industry to help businesses and individuals

Insights from our industry
to help businesses and individuals