Construction

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Implementing the new lease accounting standards for private construction firms

June 25, 2021

During the uncertainty of the pandemic in 2020, the Financial Accounting Standards Board (FASB) granted a temporary reprieve for private companies, delaying their deadline for…

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Minimize the cash flow stress for your construction business

June 23, 2021

Have you ever started a project, only to realize that you’re short cash to pay for the supplies until your last project pays out? Or,…

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Revenue, cash flow, and how they affect your business

May 17, 2021

As a business owner, increasing sales can be a great mood lifter. But what happens if you get a large order and have no way…

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Top IRS audit triggers and best practices to protect your business from an IRS audit

May 16, 2021

Tax audit can strike fear and loathing into the hearts of business owners. But, in reality, the Internal Revenue Service (IRS) won’t arbitrarily make your…

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IRS Fact Sheet provides new details about tax credits available to eligible employers who provide paid vaccine leave

April 23, 2021

The IRS and Treasury Department provided new information regarding the tax credits available through the American Rescue Plan (ARP). The ARP was created to help small…

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The pros and cons of hiring contractors vs. employees

April 23, 2021

When you’re ready to expand your business and grow your team, you generally have two options for increasing your workforce: Hiring employees or engaging independent…

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The demand for green industrial buildings continues to grow

April 23, 2021

The rise of sustainable industrial facilities continues to grow, according to recent survey results from the World Green Building Trends 2018 SmartMarket Report. The US Green Building Council…

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Key tax provisions in the American Rescue Plan Act

March 17, 2021

The American Rescue Plan Act (ARPA) has been signed into law by President Biden and makes significant updates to several tax provisions to alleviate some…

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American Rescue Plan Act signed into law

March 17, 2021

The American Rescue Plan Act (ARPA) of 2021 passed Congress and President Biden signed the bill into law on March 12, 2021. The ARPA approves…

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IRS clarifies employee retention credit eligibility for PPP loans and 2020 claims

March 8, 2021

The IRS has released additional guidance in Notice 2021-20 on the Employee Retention Tax Credit (ERC) with clarifications on the retroactive changes for expanded eligibility…

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