More about Allyson Baumeister
Allyson works for businesses of all sizes, maintaining a primary focus on business tax and consulting. She provides her clients with creative resolutions for technical tax issues and clearly interprets proposed and existing business tax law. Moreover, her thorough experience with trusts and estates allows her to deftly guide clients through the complicated legislation and the intricate processes involved in compliance, maximization of returns, and sustaining business and family wealth. She first gained knowledge and experience working for several years in a national firm, in a small firm environment, and in solo practice. She was also a partner in a regional legacy firm for 15 years prior to joining CLA. Her extensive tax experience bolsters CLA's talented staff and cultivates client relationships and makes her an invaluable member of the professional and civic communities.
Blog Posts by Allyson Baumeister:
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Finance Team Burn Out
The “great resignation” has put a strain on our country’s workforce. U.S. manufacturing companies are not immune from this phenomenon and many have seen higher than normal turnover in their finance teams in the last 12-18 months.
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Inflation Can Create Tax Opportunities
America has not seen double digit inflation since 1980. While we are still far from double digits, the 7% inflation rate in 2021 was twice what it has been over the last 30 years. Economists don’t agree on whether this inflationary trend will continue into 2022 and beyond, but most feel that it will at […]
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Start 2022 Strong: Capitalize On Lessons Learned in 2021
All businesses have been impacted by a fluctuating economy, increased legislation, regulatory change, higher inflation and workforce shortages in the last 12 to 24 months. There are many lessons that have been learned from these changes which can make businesses even stronger in 2022.
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Making A Family Transition Affordable
There may be affordability issues when a business owner is planning to transition their business to the next generation or to their management team. Quite often the money to buy the business has to come from the business itself. How can this work for a family business?
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How Family Dynamics Can Impact A Business Transition
A family-owned business faces a unique set of challenges, especially when the family is contemplating a transition of that business. There are many tools that CLA can use to help a family navigate their family dynamics, ensuring the business transition is a time of celebration for the entire family.
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Quick Year-End Tax Planning Ideas
While 2021 was filled with a lot of talk of tax reform, 2021 will very likely conclude without any significant tax legislation getting passed and income and capital gains tax rates remaining the same. With our newfound clarity, we share several year-end tax planning ideas for taxpayers to consider in order to reduce their potential tax bills.
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Determining Your Business Readiness for Transition
If you are contemplating a business transition, you definitely want your business to be as attractive as possible to a potential buyer. Many owners concentrate solely on the financial readiness of their business when they are considering a business transition. However, the value multiplier is equally, if not more important.
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How A Manufacturer Can Save Tax $ On International Sales
Does your manufacturing company have at least $1 million of sales outside of the U.S.? Whether tax rates increase through legislation or remain the same, you may want to consider creating a new entity to save U.S. tax dollars on your international sales.
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Can I Have Some SALT With That?
Most of us know that Congress limited the state and local tax deduction (SALT) to $10,000 starting in 2018. The current Build Back Better proposal reinstates a larger SALT limitation at the $80,000 level retroactive to January 1, 2021.
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Can a Business Deduct Part of Its Building for Tax Purposes?
Commercial buildings and their components are usually depreciated over a 39-year life for tax purposes. However, through the use of a Cost Segregation Study, a business can reclassify many of the components of its building as personal property with a much shorter tax life that qualifies for an immediate bonus depreciation deduction.