8.12.24
Understanding Taxes on Real Estate Gains
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain…
8.5.24
A Business Valuator Is a Must-Have When Filing a Business Interruption Claim
Meteorologists warn that the 2024 hurricane season could break records, possibly surpassing 2020, the worst hurricane season on record. Even if hurricanes aren’t a threat…
7.31.24
Cybersecurity for Healthcare Providers in 2024
Healthcare providers face increasingly sophisticated threats from cybercriminals seeking access to sensitive patient data and other valuable information. Cyberattacks can disrupt services, harm patients’ health,…
7.31.24
Preparing Annual Cost Reports: Five Tips to Help Healthcare Providers
Federal and state regulations require many healthcare providers to report expenses on an annual basis. The Centers for Medicare and Medicaid Services (CMS) sets nationwide…
7.31.24
New Tax Incentives for the Healthcare and Biotech Industries
The Inflation Reduction Act (IRA) of 2022 reinstated or expanded numerous tax credits and other incentives for clean and renewable energy. It also created several…
7.29.24
Business Website Expenses: How They’re Handled for Tax Purposes
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are…
7.28.24
IRS Issues Final Regulations on Inherited IRAs
The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined…
7.24.24
Evaluate the Risks of Joint Ventures Carefully
Sometimes a construction project is just too big or complex for one general contractor to handle alone. Joint ventures (JVs) enable two construction companies to…
7.24.24
Profit Fade Is a Persistent Threat to Construction Companies
“Don’t settle for second best!” Just about everyone has encountered this phrase in various commercials and ad campaigns over the years, and it’s a good…
7.24.24
Construction Business Owners Prepare Now for Possible Tax Law Changes
The Tax Cuts and Jobs Act (TCJA) was signed into law in 2017 and generally took effect at the start of 2018. It brought sweeping…