RBT CPAs

As Thanksgiving approaches, we want to take a moment to express our heartfelt gratitude for your trust and partnership. Helping you navigate your financial journey is more than just a job to us—it's a privilege. Your support inspires us every day, and we're so thankful to have you as part of our community. We hope your Thanksgiving is filled with cherished moments, delicious food, and the company of loved ones. From all of us at RBT CPAs, Happy Thanksgiving! The offices of RBT CPAs will be closed on 11/28/2024 and 11/29/2024 in observance of the holiday. We will resume regular business hours on Monday! Happy Thanksgiving y'all!

"Honoring the courage, dedication, and sacrifice of our veterans today and every day. Thank you for your service and for protecting our freedom. #VeteransDay #ThankYouVeterans"

Several Ways to Operate Your Brewery and Distillery More Sustainably Sustainability is a way of operating to minimize negative impacts on the environment and use resources more effectively. Not only can it be a brand enhancer, as many potential customers feel better about doing business with companies that operate sustainably, but it can also save you money by eliminating waste and effectively using resources. Every stage of brewing presents opportunities to operate more sustainably and, possibly, save money at the same time. From the water, energy, and other resources used for each batch of brew to sourcing, packaging, and transporting your product – not to mention all of the resources used when running a facility – there are numerous ways to reduce pollution and waste, promote energy efficiency, and lower greenhouse gas emissions.

Find Money in Your Billing Processes Given the current inflationary environment, where everything from food to gas costs more, you may want to take a close look at your billing practices to help maintain and protect cash flow. Effective billing practices are essential to capturing all possible revenue and maintaining or boosting your bottom line. Services rendered may not be correctly billed due to oversight, the lack of standardized processes, or insufficient training, and the costs of these mistakes can add up over time.

Charting Your Supply Chain Strategy in Stormy Waters With escalating trade wars, geopolitical uncertainties and conflicts, the pending Presidential election, and more, U.S. manufacturers continue to navigate choppy waters to chart their supply chain strategy. Building on President Trump’s 2018 tariff increase on goods from China, in mid-May, President Biden set out to address unfair trade practices and “artificially low-priced exports” from China that are “threatening American businesses and workers.” Under Section 301 of the Trade Act of 1974, tariffs are increasing on $18 billion of imports from China. Tariffs on electric vehicles are increasing from 27.5% to 100%. They are also increasing between 25% and 50% for semiconductors, steel and aluminum, batteries and critical minerals, solar cells, ship-to-shore cranes, medical products, and more.

Prevailing Wage and The 50-Mile Radius Provision: An Overview If you bid on or provide services for a public works project, you need to be aware of how prevailing wage and an amendment related to the hauling of aggregate supply construction materials (a.k.a. the 50-mile radius provision) may impact your business effective July 1.

Estate Plans: Who Needs One and What It Entails Some sources say anyone with assets needs an estate plan, while others indicate it only delivers value to the wealthy. The truth is it’s not that simple and depends on each individual’s unique situation, as well as tax laws and legal processes in the state where you reside. To start the discussion, it’s important to clarify the difference between a will and an estate plan. A will defines how certain financial affairs will be handled upon your death. An estate plan defines how your financial affairs, healthcare decisions, and legal concerns will be handled while you are alive and after your passing. Put simply: a will is one part of an estate plan.

What Every Manufacturer Should Know About the Noncompete Agreement Ban On April 23, the FTC issued a final rule banning noncompete agreements nationwide. The final rule is effective September 4, 2024. While a number of lawsuits are underway challenging the rule (including one brought forward by the U.S. Chamber of Commerce), businesses – especially manufacturers – may want to consider the implications and what to do next.

The Partner group at RBT CPAs are honored to have such an amazing team of employees and are extremely proud of the hard work and dedication they show to this firm and community. To show our appreciation for the work they do and the extra mile they always go during tax season, our offices will close every Friday at 12:00 PM starting June 7th, 2024 through August 30th, 2024. We will be operating on regular business hours Monday – Thursday during those weeks. Thank you!