1.2.24
Defer a Current Tax Bill With a Like-Kind Exchange
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is…
12.27.23
The Standard Business Mileage Rate is Up Slightly in 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business went up by 1.5 cents per mile in…
12.20.23
Understanding Forensic Accounting Issues When Calculating Lost Profits
When it comes to estimating lost profits, it is crucial to ensure that the numbers are accurate and not manipulated or falsified. This is because…
12.20.23
Exploring FASB’s ASU 2023-05
The Financial Accounting Standards Board (FASB) has recently issued Accounting Standards Update (ASU) No. 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60): Recognition and Initial…
12.20.23
Contractors: Watch Out for Occupational Fraud
Nearly every type of business could be affected by occupational fraud, and construction businesses are certainly no exception. In fact, the Association of Certified Fraud…
12.20.23
Construction Companies: Lean Into Tech To Optimize Accounting and Financial Management
The construction industry is renowned for its quality craftsmanship. However, it’s also sometimes known for a historical reluctance to adopt new technology. When it comes…
12.20.23
Seven Questions Contractors Should Ask Before Seeking Outside Financing
Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness and fuel business growth. But…
12.18.23
2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list…
12.14.23
Three Strategies for Handling Estimated Tax Payments
Many individuals today are self-employed or generate income from interest, rent, dividends and other sources. If you’re in this situation, you could be risking penalties…
12.14.23
Consider the Flexibility of a Self-Directed IRA
Traditional and Roth IRAs can be relatively “safe” retirement-saving vehicles, though, depending on what they’re invested in, they limit your investment choices. For more flexibility…