Resources

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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 implementing new lease accounting practices. If your construction firm is…

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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, you’re having to move funds from your personal account to…

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Tax implications for cryptocurrency owners

June 3, 2021

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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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 to pay for the supplies? Sales don’t always equal immediate…

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Like-Kind exchange updates: Clarifying real property and escrow policies

May 17, 2021

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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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 company the subject of an audit investigation. In fact, according…

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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 businesses through the pandemic. This new guidance provides information on how…

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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 contractors. Both options have their pros and cons but determining which is right for…

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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 (USGBC) recently partnered with Dodge Data and Analytics to talk…

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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 of the pandemic’s financial burdens for individual taxpayers and businesses.…

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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.