If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or…
One of the most difficult issues in the construction industry is meeting the demand for labor. In 2022, the industry averaged more than 390,000 job…
Although construction activity tends to ramp up nationwide over the summer, that doesn’t mean everything goes as planned. A project that looks sunny on paper…
The federal fuel tax credit recently made the news when it was referenced on the IRS’s most recent “Dirty Dozen” list of tax scams. However,…
Most businesses today are facing an unprecedented shortage of skilled labor, so it’s more important than ever to hang on to the employees you have.…
What if you could improve product quality, increase productivity, reduce waste and minimize variability with only minor adjustments to your manufacturing process? That’s the promise…
The IRS has released proposed regulations that provide guidance for manufacturers on the implementation of the Advanced Manufacturing Investment Credit. The credit, created by the…
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA Fundamentals An HSA is a trust created or organized…
You’ve almost certainly heard of the Employee Retention Tax Credit (ERC) since it was introduced on March 27, 2020, as part of the Coronavirus Aid,…
Another busy tax filing season is behind us and with a return to normalcy this year, without significant processing delays at the Internal Revenue Service…