If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand the potential tax consequences. Acting…
When preparing a work-in-process (WIP) schedule, it is essential to ensure that estimated costs to complete on uncompleted contracts are accurate. These estimates provide users…
As you know, every construction project doesn’t require bonding. However, once your company starts working on jobs that do, your ability to obtain performance bonds…
If you’re like most busy construction business owners, you have plenty on your plate. Adding anything more to it is likely a tall order unless…
“Where did it all go wrong?” If you’ve been in the construction business a while, you may have asked yourself this question when a claim…
Fraud doesn’t happen in a vacuum. It thrives in environments where cutting corners, bending rules or looking the other way has become the norm. While…
Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance…
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and…
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA)…
Older Americans weren’t forgotten in the One Big Beautiful Bill Act. For 2025 through 2028, individuals age 65 and older may be able to claim…