4.25.23
An Insurance Policy Glossary for Construction Business Owners
Every type of business needs at least a few insurance policies. Construction companies, however, tend to need many of them. After all, there are so…
4.25.23
Ways Your Construction Company Can Avoid Accounting Mistakes
One of the not-so-secret ways to run a profitable construction business is to follow sound accounting practices. Mistakes in financial reporting can be costly, potentially…
4.25.23
KPIs: What Are They, and Which Ones Count?
Management needs timely, accurate feedback to guide operating decisions, anticipate problems and take advantage of emerging opportunities. Unfortunately, comprehensive financial statements take a long time…
4.25.23
How To Manage WIP Inventory
Work-in-process (WIP) inventory is an important entry on a manufacturer’s balance sheet. Monitoring WIP is critical not only to ensure that your financial statements are…
4.25.23
Do You Know How the SECURE 2.0 Act Will Affect Your Manufacturing Company?
The SECURE 2.0 Act, enacted at the end of 2022, expands on the retirement plan improvements made by the Setting Every Community Up for Retirement…
4.25.23
Changes to IRS Form 5500 May Impact Your Employee Benefit Plan’s Audit Requirement
The U.S. Department of Labor (DOL), Internal Revenue Service and the Pension Benefit Guaranty Corporation (PBGC) recently released changes to the 2023 IRS Form 5500…
4.24.23
Got Fraud? Call a Forensic Accountant
Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the…
4.19.23
IRS Guidance Coming Regarding the Ira’s Clean Vehicle Credit
The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit…
4.10.23
Is Your Withholding Adequate?
If you were distressed to find you owed money when you filed your last federal tax return, you might want to change your withholding so…
4.10.23
Be Prepared for Taxes on Social Security Benefits
Whether you’ve filed your 2022 tax return or soon will, one thing you don’t want to experience is a surprise. Many older people are caught…