6.20.23
What’s in the Fiscal Responsibility Act?
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal…
6.12.23
Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions
Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. But…
5.30.23
Keep These DOs and DON’Ts in Mind When Deducting Business Meal and Vehicle Expenses
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…
5.30.23
Attracting and Retaining Talent in the Construction Industry
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…
5.25.23
Prepare for Project Delays With Savvy Financial Strategies
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…
5.25.23
Your Construction Company May Be Able To Claim the Fuel Tax Credit
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,…
5.25.23
The High (And Often Hidden) Costs of Employee Turnover
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.…
5.25.23
Big Data Analytics Can Transform Your Manufacturing Business
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…
5.25.23
IRS Issues Guidance for Manufacturers on New Semiconductor Tax Credit
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…
5.23.23
The IRS Has Just Announced 2024 Amounts for Health Savings Accounts
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…