8.4.22
How Manufacturing Companies Can Benefit From the Section 179 Expensing Deduction
Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there’s a tax break that can help: the Section 179 deduction. It…
8.4.22
New York State Sales Tax for Contractors
Federal and state income taxes are not the only complex taxes that affect contractors. New York State (NYS) sales tax is another important form of…
8.4.22
Contractors Must Clear a High Bar To Claim Disruption Damages
It’s not unusual for a construction contractor to seek damages when an owner’s actions delay the completion of a project. The contractor may pursue a…
8.4.22
Reviewing Revenue Recognition for Construction Companies
While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple payments. As you’re well aware,…
8.3.22
Three Tax Breaks for Small Businesses
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some…
8.2.22
Important Considerations When Engaging in a Like-kind Exchange
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling…
7.29.22
What Gen Z and Millennials Want From an Employer
Human capital is an asset consisting of the knowledge and skills held by a person that can be used by an organization to advance its goals.…
7.27.22
Businesses: Act Now To Make the Most Out of Bonus Depreciation
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The…
7.26.22
Selling Your Business? An Installment Sale May Yield Tax Benefits
You’ve spent years building your company and now you’re ready to move on, possibly to a new business, retirement or something else. Whatever your plans,…
7.26.22
Using Alternative Energy for Business Can Bring Tax Benefits
If you’re a business owner, you might be wondering if using alternative energy technologies in your company can help you manage energy costs and improve…