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 implementing new lease accounting practices. If your construction firm is…
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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, you’re having to move funds from your personal account to…
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Cryptocurrency, a type of virtual currency that utilizes cryptography to validate and secure transactions digitally recorded on a distributed ledger, such as a blockchain, has been on the rise over the past several years. ‘ Approximately 14 percent of Americans…
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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 to pay for the supplies? Sales don’t always equal immediate…
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If you are in possession of business or investment property, or looking to exchange real property for others, you might want to get acquainted with “like-kind exchanges,” also known as a 1031 exchange. As with…
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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 company the subject of an audit investigation. In fact, according…
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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 businesses through the pandemic. This new guidance provides information on how…
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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 contractors. Both options have their pros and cons but determining which is right for…
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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 (USGBC) recently partnered with Dodge Data and Analytics to talk…
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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 of the pandemic’s financial burdens for individual taxpayers and businesses.…
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