Nonprofit growth. Inflation and a possible recession are having a significant impact on every business. Nonprofits, however, are facing a significant challenge from the current economy. As people are spending more on the essentials such as fuel, housing, and food, many nonprofits are seeing their sources of funding shrink—even as they themselves are paying more …
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LBC – Breaking Glass Ceilings and Tearing Down Walls
On January 11, 2023, Ludwig Business Consultants expanded into a second suite in the Gwynedd Corporate Center. The firm now boasts a staff of ten, handles corporate, non-profit, and personal clients, and re-establishes our commitment to excellence in every moment. Our growth is a testament to the determination of our president, the dedication of the …
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Visions of Tax Forms Danced through Our Heads
Normally at this time of year, we would do a blog post about a wonderful holiday party. With Winter Storm Elliott impacting the country, we postponed that get-together. Instead, we thought to take a look at the changes in taxation reporting for the fiscal year 2022—through the light of the holiday season. PNC Bank has, …
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New Standardized Deductions for 2023
Popular financial media outlets like Forbes, CNBC, Fox Business, and others are reporting increased Standard Deductions from the IRS for 2023. Here’s what you need to know about them. Those are the main facts. But as with everything in the world of finance, there are a few additional notes. So… Standard deduction or Itemized? The …
LBC Welcomes High School Intern
LBC had the privilege of giving back to the community by hosting an intern from Upper Dublin High School for three weeks. Jen Parsons, UD Class of 2022, joined the staff for three weeks. During this time, she obtained hands-on experience with accounts payable, payroll, bank reconciliations, and monthly billing through multiple accounting programs. She …
LBC Turns 20!
March 1, 2022 marked the twentieth anniversary of the founding of Ludwig Business Consultants by president Phyllis Ludwig, and the firm celebrated with a wonderful gala on March 8. In Phyllis’ own words: “Ludwig Business Consultants was founded on March 1, 2002. It was my 40th birthday. I started the business for a few reasons. …
Phyllis Ludwig Featured at Catholic University’s Women’s Leadership Panel
In honor of Women’s History Month, the Catholic University of America is hosting a women’s leadership panel featuring four of their distinguished alumnae, and our president Phyllis Ludwig is honored to be among to speakers. Alongside Jenn Bell-Ellwanger (President and CEO of Data Quality Campaign), Carolyn Rickard-Brideau (CEO of Little Diversified Architectural Consulting), and Dr. …
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Key Elements of Any Resource Application
In response to COVID-19 local, state, and federal governments have rapidly provided several resource options for small businesses. However, the various programs and separate application processes can be confusing. While each application is different, they are very similar in many ways. The key to any application is to have solid financial statements prepared. With a …
Tax Reform 2017
Over the past few weeks there has been substantial speculation about tax reform. Now that the Tax Cuts and Jobs Act has been signed into law, let’s discuss the final bill. Hopefully this will clarify some of the lingering questions. The Tax Cuts and Jobs Act is certainly the largest tax reform since 1986. Many …