man hand using laptop virtual screen GAAP Generally Accepted Accounting Principles icons and symbols. Business financial concept.
8.4.22

New Lease Accounting Standard Is Here (For Real This Time)

Does your construction business follow Generally Accepted Accounting Principles (GAAP)? And does it lease equipment, real estate or other assets? If you answered “yes” to…

Photo of a construction worker's hand poring cement
8.3.22

Give Your Construction Company’s Bonding Capacity a Solid Foundation

A high bonding capacity is a strategic objective of many construction businesses. Knowing you can get the necessary underwriting from your surety gives you the…

Cropped portrait of a handsome mature construction worker holding a hiring sign while standing on a construction site
8.3.22

Could the Work Opportunity Tax Credit Help Your Construction Company?

The construction industry has been facing a labor shortage for years. Although there are various ways to tackle the challenge, one approach to keep in…

Kaitlyn Mariano, tax manager, Dannible & McKee, LLP
8.3.22

Has Your Company Elected Into the New York State Pass-Through Entity Tax (PTET)? Additional Election Benefits to Consider for 2022

Why Was the Pass-Through Entity Tax Needed?  On December 20, 2017, the Tax Cuts and Jobs Act (TCJA) was passed, limiting the amount of state…

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8.3.22

Three Tax Breaks for Small Businesses

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some…

Two arrows pointing in opposite direction with the words " Like-kind exchange" written inside
8.2.22

Important Considerations When Engaging in a Like-kind Exchange

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling…

Kaitlyn Axenfeld headshot audit partner at Dannible & McKee LLP
7.29.22

What Gen Z and Millennials Want From an Employer

Human capital is an asset consisting of the knowledge and skills held by a person that can be used by an organization to advance its goals.…

Yellow business sign with black letters spelling out "no longer in business"
7.27.22

The Tax Obligations if Your Business Closes Its Doors

Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist…

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7.27.22

Businesses: Act Now To Make the Most Out of Bonus Depreciation

The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The…

Worried senior couple checking bills using laptop and papers at home
7.26.22

Medicare Premiums May Lower Your Taxes

Do you pay premiums for Medicare health insurance? If so, you may be able to combine them with other qualifying health care expenses and claim…