3.11.24
Implementing the Right Pricing Strategy
Inflation. Labor shortages. Supply chain delays. Manufacturers have had a lot on their plates the past couple of years. Across the board, the result has…
3.11.24
How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning
When manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensing and first-year bonus depreciation. For 2024, bonus depreciation…
3.8.24
Take Your Financial Statements to the Next Level
Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. This year, take your financial data beyond compliance. Here’s…
3.8.24
Six Ways Construction Companies Can Strengthen Cybersecurity
Some contractors might assume hackers won’t bother with smaller construction businesses. Sadly, they’d be wrong. Construction companies tend to have high turnover rates, which means…
3.8.24
An Overview of the Percentage of Completion Accounting Method for Construction Businesses
In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the…
2.21.24
CECL Explained: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting…
2.15.24
There May Still Be Time to Lower Your 2023 Tax Bill
If you’re preparing to file your 2023 tax return and expecting a tax bill, you may still be able to lower it — or even…
2.15.24
Tracking Down Donation Substantiation
If you’re like many Americans, your mailbox may have been filling up in recent weeks with letters from your favorite charities acknowledging your 2023 donations.…
2.15.24
How to Secure a Tax Benefit With the QBI Deduction
QBI may sound like the name of a TV quiz show. But it’s actually the acronym for “qualified business income,” which can trigger a tax…
2.15.24
Traveling for Business This Summer? Here’s What You Can Deduct
If you and your employees will be traveling for business this year, there are many factors to keep in mind. Under the tax law, certain…