Tag Archive: "Logistics"
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The Potential of AI and Machine Learning
Authored by Troy Hollings and Brandon Knight. It times like these in the transportation and logistics industry that we really begin to look for opportunities to reduce our costs. Times when rates and demand are down, and we begin to look at our people, processes, and technologies for things that will directly impact the bottom […]
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Cash is Power – Are you Putting Yours to Use?
Gone are the days of having cash and other liquid investments on our balance sheets earning a fraction of a percentage point. As many of our readers are experiencing, and an observation we’re noticing with the majority of our clients, is that cash reserves in transportation & logistics businesses are at an all time high. […]
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New Retirement Rule Changes
At the end of December, President Biden signed a $1.7 trillion spending bill into law. Included in the bill were some significant changes to the retirement system in the US that are known as the SECURE 2.0 Act of 2022. Here are a few of the biggest changes included in the bill: Our colleague Steve […]
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Microsoft 365 – Getting More for Your Investment
This blog was authored by my colleague Grant Rolfes – Assurance Manager Transportation companies have continued to grow accustomed to the ever-changing landscape of the industry. From additional regulations, staffing challenges, and a volatile interest rate environment, many companies are looking for solutions to increase the efficiency of their organizations. One tool that may be […]
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Business Transition Planning – Pause and Plan
The last couple of years have been emotional rollercoaster for transportation & logistics company owners. Labor/driver/equipment shortages, volatile markets, higher input costs, and numerous proposed changes in income and estate tax laws have caused owners to seriously think about restructuring their leadership team, transitioning or even altogether exiting their transportation & logistics company. Remember that all […]
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Schedules K-2 and K-3 — What Transportation Companies Need to Know
The IRS has released final versions of two new international-related tax filing schedules that are being added to passthrough entity returns (including Forms 1065, 8865, and 1120-S). Many people may, at first glance, may be lead to believe that K-2 and K-2 reporting matters are primarily a global tax issue; however, nearly every pass-through entity […]
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Per Diem Rates Set to Increase for the Transportation Industry October 1st
Per diem pay was a hot topic when the Tax Cuts and Jobs Act changed the law and made it so that W-2 employee drivers who did not receive per diem pay from their employer could not claim an itemized deduction on their personal tax returns. It may well be a hot topic again. For […]
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The Great Resignation — Staffing for Success
Authored by Joey Desiderio Hiring the right person is and always has been difficult. Between figuring out where to find talent, how to attract the right candidates to your business, and ultimately convincing a candidate to come work with you, recruiting is a highly involved and difficult process. According to Abe Eshkenazi, CEO of the […]
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Cybersecurity Alert — Is Your Email Safe?
The increase in cyber attacks is another of the many challenges Transportation and Logistics companies face today. Today’s hackers continue to finetune their strategies and are targeting companies of all sizes. In this installment of Transportation and Logistics Industry Insights, CLA’s David Anderson and Brandon Knight discuss some ways hackers continue to gain access to […]