Construction

Common Control Entities and Lease Accounting Methods

April 23, 2023

The new lease accounting methods have been an important topic for businesses over the last few years. Determining if an enforceable lease exists is an…

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Secure Act 2.0 Updates Retirement Plans Starting in 2023

January 12, 2023

The new Secure Act 2.0 legislation expands upon the Secure Act of 2019 with updates to retirement savings plans across the country. Here’s what you…

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Do You Know How to Navigate the New IRS Requirements for R&D Tax Credit Claims?

October 14, 2022

While the new research and development tax credit requirements went into effect on January 10, 2022, which require more detailed proof that claims are valid,…

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I Bonds Can Help You Tackle Inflation, But You Must Know the Rules

August 15, 2022

With inflation rates reaching historical highs and driving up the cost of doing business, business owners are seeking out creative ways to fight inflation. The…

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How tax incentives can help construction firms offset inflation

August 15, 2022

Inflation rates are rising rapidly, and so are the anxiety levels of business owners.   For construction businesses, inflationary pressures are compounding the existing challenges of…

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Don’t Overlook Cyber Insurance to Protect Cloud-Based Accounting

July 13, 2022

Technology has long made accounting easier, from the first adding machines to electronic spreadsheets to today’s cloud computing ecosystem. While recent advancements have allowed business…

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2022 Business mileage reimbursement

IRS Increases Mileage Rates Reimbursements for Second Half of 2022

June 14, 2022

The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas…

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joint ventures in construction

Accounting for Joint Ventures: What’s Involved When Working With Multiple Construction Firms

June 14, 2022

Construction companies regularly pursue joint ventures to win larger contracts and manage bigger projects. In an economic downturn, they can be a useful option for…

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Informed Project Forecasting Can Take the Sting Out of Inflation

June 10, 2022

Record levels of inflation are weighing on the construction industry when contractors are already feeling the squeeze from labor and supply shortages. According to Associated…

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Navigating the IRS Backlog

May 3, 2022

The start of a new tax filing season often brings with it longer hold times with the IRS, as taxpayers and their tax preparers inundate…

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