10.25.22
Weighing the Pluses and Minuses of ESOPs
Corporate finance, employee benefits and succession planning likely are key issues you have to contend with as an owner of a manufacturing company. Did you…
10.25.22
Planning for Major Research or Experimental Expenditures Changes Effective in 2022
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…
10.25.22
Employee Expenses and Reimbursements – Don’t Forfeit the Employer Deduction and Tax-Free Benefit to the Employee
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?…
10.24.22
Five Change-Order Pitfalls Construction Companies Should Avoid
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…
10.24.22
Manage Your Construction Business … and Your Wealth
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.…
10.24.22
Inflation Reduction Act Expands Deductions for Energy-Efficient Construction
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…
10.24.22
Research and Development Credits Within the Construction Industry
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…
10.19.22
Beware of “Wash Sales” When Selling Securities
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…
10.19.22
Check Kiting Is No Small Matter
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…
10.19.22
Renting Out Your Vacation Home? Know the Tax Implications
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…