Privately Held & Family Owned Businesses

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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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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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…

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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…

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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.…

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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…

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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…

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Chart a course for your business’ future with forecasting

November 15, 2021

Managing cash flow is essential to business management. Revenue can fluctuate, and expenses need to be paid on time to maintain a positive working relationship with vendors, utility…

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Outsource sales and use tax compliance to mitigate risk

November 15, 2021

Tax compliance is an essential aspect of any business, with sales and use tax making up a large portion of overall tax requirements. However, sales…

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