Research or experimental expenditures, commonly referred to as “research and development” (or R&D) expenses are often significant for manufacturers. Prior to 2022, businesses had the…
What a “nice” employer. Their employees receive extra funds to cover expenses such as gas, phone, supplies, meals, etc. These are considered business expenses, right?…
Properly documented and handled change orders can mean more profitable jobs for construction companies. When the process doesn’t go smoothly, however, you risk not getting…
Many contractors prioritize business financial management over personal wealth management. It’s an easy trap to fall into given how competitive the construction industry can be.…
Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act (IRA). To that end, the…
When taxpayers think of research and development (or R&D), most picture scientists in long white coats mixing liquids in a laboratory. However, the meaning of…
If you’re planning to sell capital assets at a loss to offset gains you realized during the year, beware of the “wash sale” rule. Under…
A check kiting scheme relies on “float” time, which is the period between when a check is deposited and when the bank collects the funds…
If you’re fortunate enough to own a vacation home, you may want to rent it out when you’re not using it. But how might that…
So you forgot to file your not-for-profit’s Form 990, 990-EZ or 990-N with the IRS. It can happen — particularly with newer organizations that are…