Cory Parnell

Successful transactions start with thorough due diligence. Eide Bailly's guide covers everything from QofE analysis to assessing acquisition risks. Equip yourself with the knowledge you need to navigate complex deals. Download the guide now! #DueDiligence #BusinessTransactions

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Find out how cost segregation transformed the financial outlook of a Fairburn, GA self storage facility. ETS's study revealed substantial tax benefits. Read more here: https://lnkd.in/eFfsUHiH #realestate #taxes

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Our Eide Bailly #ResourceFULLness Award is back for its 12th year! Save the date—our 2024 application period opens on July 11! Learn more about the award and our criteria for evaluation. #Nonprofit #NonprofitAward

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Our latest episode of Taxes for the Masses - Tax Nerdery talks about the declining number of accounting professionals. We've already gotten a lot of comments on this episode and will be revisiting the topic -- and the excellent research done into the issue -- in a future episode. In the meantime, check out this one, wherever you get your podcasts! #taxday #taxes #accounting Professors.fm Texas McCombs School of Business Indiana University - Kelley School of Business

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📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/OXZv50Sxwx9 #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

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📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/32vt50SAIPF #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

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Succession planning on a family farm is more than a business transition; it’s a rite of passage, a testament to a family’s resilience and commitment to the land and legacy. #agriculture #farming #farminggenerations #successionplanning #farmsuccession

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Reaching the top of the mountain provides a clear perspective, similar to how reflecting on work at the peak helps me see the bigger picture. Maybe it's the fresh air or the sense of accomplishment, but this is where I often find creative solutions to complex tax problems. #cannabisaccounting #FunFact #taxplanning #hempbusiness

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Missed last week’s Moore on #Manufacturing? Catch up as Mike Sibley, CPA and Kevin Golden, CPA talk about how a proactive approach to preparing for future growth puts you ahead of the game. #ManufacturingCPA #BusinessGrowth

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Don't miss the most impactful annual gathering of middle-market M&A professionals! Join Eide Bailly's transaction advisory team at DealMAX 2024. Register today to position your business for success in the current market! 👉 #DealMAX24 #Dealmaking #MiddleMarket

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Agriculture is a cornerstone of our economy that benefits uniquely from targeted tax incentives such as bonus depreciation. From 2023 to 2026, this game-changing incentive extends to all sectors within agriculture, including those previously excluded, offering accelerated depreciation benefits to diverse farming industries. #Agriculture #TaxIncentives #BonusDepreciation

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Agriculture is a cornerstone of our economy that benefits uniquely from targeted tax incentives such as bonus depreciation. From 2023 to 2026, this game-changing incentive extends to all sectors within agriculture, including those previously excluded, offering accelerated depreciation benefits to diverse farming industries. #Agriculture #TaxIncentives #BonusDepreciation

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