In construction, change orders are a common yet complex aspect that can significantly impact a project’s profitability. As an accounting firm specializing in construction, we understand the challenges and opportunities of managing change orders effectively. Our experience has shown that a well-structured change order process is a necessity and a strategic advantage. This article offers …
Read More...
The imminent enforcement of the Corporate Transparency Act (CTA) is a critical turning point that demands immediate attention from business owners to avoid severe penalties. Ultimately, business owners need to understand that it’s the business owner’s responsibility to ensure you are following and meeting all reporting requirements for your business. This article will review some …
Read More...
In the business world, blending passion with profitability is essential. Financial accounting has evolved into a strategic cornerstone that sets successful enterprises apart. In the age of data-driven decision-making, integrating financial strategy is vital. This article will help you understand how strong financial accounting can help you achieve your goals. The Intersection of Strategy and …
Read More...
The Internal Revenue Service (IRS) unveiled proposed guidelines on Digital Asset Reporting, highlighting the mandatory reporting requirements for digital assets, from cryptocurrencies to non-fungible tokens (NFTs). This move comes in tandem with the exponential growth and mainstream acceptance of digital assets. In this article, we’ll review the reasons behind the proposed guidelines, what they mean …
Read More...
Have you ever stood at the base of a skyscraper, looked up, and wondered about the intricacies that brought such an architectural marvel to life? As a construction business owner, you’re probably all too familiar with the challenges and complexities behind such ventures. And just as the building process involves layers of planning, materials, and …
Read More...
Owning a business is an exciting journey filled with highs and lows. Establishing a clear, profit-driven strategy is one key factor that can tilt the scales toward success. The recent tax court case, Gregory v. Commissioner, highlighted how blurring the lines between hobbies and genuine business ventures can have significant financial implications. Not only did …
Read More...
As of Sept. 14, 2023, the Internal Revenue Service (IRS) announced an immediate halt to the processing of new claims for the Employee Retention Credit (ERC) program. This decision is effective until at least the end of the current year. It comes in response to a significant influx of questionable ERC claims. Why the IRS …
Read More...
The construction world is constantly evolving, and as projects grow in scale and complexity, so do the administrative challenges. For construction business owners, payroll tax compliance is not just a line item on a checklist—it’s a cornerstone of your operation. As a firm with years of experience working with construction businesses, we’ve seen firsthand the …
Read More...
In business, where every decision can tip the scales of success or failure, a robust financial strategy is imperative. Enter Financial Planning & Analysis (FP&A) – an often underappreciated yet pivotal function that can revolutionize how businesses plan, analyze, and project their financial future. The Essence of FP&A in Accounting What exactly is FP&A? …
Read More...
Inheritance brings its own set of challenges. Within the vast world of financial legacies, inherited Individual Retirement Accounts (IRAs) stand out thanks to their annual withdrawal requirements, also known as Required Minimum Distributions (RMDs). With these RMDs comes the caveat of taxation. However, when the Secure Act of 2019 was introduced, it brought clarity and …
Read More...
Home
Sign In
Make a Payment
Search