Here’s an often-overlooked fact: Meticulous recordkeeping plays a key role in running a successful construction business. Without proper documentation, you’ll likely struggle to support your…
To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductions your…
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due…
The Inflation Reduction Act (IRA), signed into law in August 2022, is one of the most expansive measures addressing energy efficiency and green technology in the…
Many nonprofit leaders are nervously watching macroeconomic signs — inflation, rising interest rates and the possibility of recession — to predict how their organization will…
Tax reporting may be the last thing on your mind when planning a special fundraising event. But your nonprofit should carefully track revenues and expenses…
Nonprofit organizations are compelled by federal and state wage-and-hours laws to perform a certain amount of time tracking. Funders may also stipulate timekeeping practices. Fortunately,…
Manufacturing has long been the backbone of our economy. As a result, nearly every CPA firm works with at least some manufacturing clients. However, many…
For decades, products that were made in America were synonymous with high quality and were manufactured in great abundance. Comparable products from other countries were…
In today’s highly competitive market, manufacturers may want to consider adopting environmental, social and governance (ESG) initiatives. While doing good may be its own reward,…