2.20.20
Taking Command of Your Internal Controls
Internal controls are an essential part of every business to help reduce misstatements in finances due to fraud or error. Construction companies are vulnerable to…
2.12.20
5 Best Practices When Investigating an Employee Complaint
“All complaints will be swiftly and thoroughly investigated.” No doubt this sentence, or something similar, appears in your company’s employee handbook. Unfortunately, there will likely…
1.31.20
Implementation of New Lease Accounting Standard Deferred One Additional Year for Private Companies
On February 25, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve the financial reporting of leasing transactions.…
1.30.20
Be Careful When Applying for a Small Business Administration Loan
A Small Business Administration (SBA) loan can make big things happen for your small company. But the agency’s loan program is sometimes abused by con…
1.27.20
The SECURE Act Changes the Rules for Employers on Retirement Plans
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a dozen years. It brings many…
1.23.20
Changes to 401(k) Contribution Limits for 2020
Every year, the IRS takes a fresh look at contribution limits and makes changes as necessary. Below are some of the more significant changes for…
1.23.20
Always Be Building (The Bottom Line)
A construction company may do many great things to operate profitably. But when expenses come due, its bottom line may not look so hot. Sound…
1.20.20
Cybersecurity Considerations for Your Business
With the growing risk of cyber‑attacks, the importance of cybersecurity is at a peak. There was an estimated $2 trillion in damages due to cybercrimes…
1.17.20
Do You Know Your Tax Bracket?
Although the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates through 2025, there’s no guarantee you’ll receive a refund or lower tax…
1.17.20
Every Business Owner Needs an Exit Strategy
As a business owner, you have to keep your eye on your company’s income and expenses and applicable tax breaks. But you also must look…