12.16.22
Tax Implications of Operating in Multiple States (Nexus)
In the ever-changing environment of state income, franchise and sales tax, being proactive is the best way to stay in compliance and avoid penalties. Companies…
12.14.22
New Accounting Standard: Does It Affect Your Nonprofit?
An accounting standard from the Financial Accounting Standards Board (FASB) that took effect in mid-December, 2022, could require your not-for-profit organization to act. Accounting Standards…
12.14.22
Do You Qualify for the QBI Deduction? And Can You Do Anything by Year-end To Help Qualify?
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as…
12.13.22
Challenges of Contractors Crossing State Lines
Undoubtedly, the past two years have proven to be challenging for construction contractors. Given record-setting levels of inflation, coupled with supply-chain issues and historic interest…
12.13.22
If Your Construction Company is a C corporation, Beware of “Unreasonable” Compensation
Many construction businesses are structured as C corporations. If that’s the case for your company, you’re probably aware that C corporations usually prefer to classify…
12.13.22
Is Your Company’s 2023 Budget Built on a Solid Foundation?
By now, many construction businesses have at least outlined the parameters of their 2023 budgets, if not finished them entirely. No matter where you’re at…
12.13.22
Reviewing 10 Tax Accounting Methods for Construction Companies
Are you still using the optimal accounting method to handle your construction company’s tax deferrals? Depending on your business earnings, as well as your typical…
12.9.22
Operating In Multiple States May Have Tax Implications for Manufacturers
Nothing is certain but death and taxes. While this may apply to federal taxes, state taxes are a bit more uncertain. Manufacturers operating in more…
12.9.22
Is “Made in America” the Right Model for Your Business?
Customer preference for American-made products isn’t new. After strained supply chains due to the COVID-19 pandemic, the decision to move from overseas suppliers to domestic…
12.9.22
Significant Changes Occurring to Depreciation in 2023
When the Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017, it came with significant changes to corporate and individual…