Construction

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…

Read More
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…

Read More

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…

Read More

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…

Read More

3 Ways to Protect Your Business from Fraud and Scams

April 19, 2022

Business owners spend a lot of time and effort ensuring their operations run smoothly, from delivering quality goods and services to providing accurate financial statements…

Read More

KPIs to Keep Your Business Profitable

March 23, 2022

Many businesses develop a list of key performance indicators (KPIs) to track profitability and spot issues before they become full-blown problems. Monitoring KPIs is essential…

Read More

Closing security gaps can help construction firms fend off cybercriminals

February 16, 2022

Modern construction companies have come to depend more on digital resources to get projects built. But a risk of cyberattacks comes with these technological advances.…

Read More

Don’t forget about the Work Opportunity Tax Credit

February 9, 2022

Note: Congress is considering proposals that could expand the Work Opportunity Tax Credit for certain qualified groups. We will monitor this development and communicate updates…

Read More

Careful accounting is key to managing change orders and protecting profits

February 8, 2022

In construction, change is constant. On average, more than one-third of projects will have at least one major change along the way, according to a…

Read More

Transitioning your organization to the new lease accounting method

January 14, 2022

When the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02 (ASC 842) several years ago, the deadlines for private and public businesses seemed to be far into the future. FASB delayed the reporting requirements for…

Read More