Resources

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 as necessary. As a business, tax planning can help create…

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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 study of more than 12,000 projects by the Independent Project…

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Do You Have a Nanny or Household Employee? Make Sure You’re Up-to-Date on Tax Requirements

January 14, 2022

The COVID-19 pandemic caused many families to rethink their child care situation. Nannies became a popular choice for many, as they decreased the risk of sending children to child care centers and provided the benefit of helping those same children through online schooling while their parents worked. As the pandemic has ebbed and flowed, nannies have remained a…

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Remote workers could create additional taxes for your business

January 14, 2022

Has your company switched to a remote work or hybrid environment for employees? Government mandates and other health-related concerns at the beginning of the COVID-19 pandemic, caused much of the workforce to transition from an office setting to a remote or…

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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 private-sector companies because of COVID-19; however, that delay ended as of Dec. 15, 2021.   All…

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2022 mileage rates for business reimbursements

December 30, 2021

The IRS recently released the 2022 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase every year to account for rising fuel and vehicle and maintenance costs and insurance rate increases.   Businesses can…

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5 steps to a successful succession plan for construction firms

December 13, 2021

One of the less-talked-about economic side effects of the COVID-19 pandemic is the number of experienced professionals retiring or shortening their retirement timeline. This opens up opportunities for the next generation to step into their shoes, but it also comes with some…

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Internal controls can help prevent fraud for construction firms

December 13, 2021

The general nature of the construction industry opens up opportunities for firms to fall victim to fraud. The Association of Certified Fraud Examiners (ACFE) reported the median fraud-related loss for construction firms at $200,000 for each incident between January 2018 and September 2019. In addition, 32% of survey respondents said they did not have internal controls in place, while 18% told the ACFE they regularly…

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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 companies, and employees.   Thankfully, there’s a way to know what…

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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 and use tax can get complicated very quickly as each…

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How can we help you?

We offer tax return preparation, financial statements, bookkeeping, consulting and a variety of other services for companies and individuals throughout the San Joaquin Valley and beyond.