9.9.22
Business Owners, Divorce and the Potential for Fraud
It’s difficult enough to divide a marital estate. But when a divorcing spouse owns a private business and attempts to artificially deflate its profits or…
9.9.22
Has Your Company Elected Into the New York State Pass-Through Entity Tax (PTET)? Additional Election Benefits to Consider for 2022
Why Was the Pass-Through Entity Tax Needed? On December 20, 2017, the Tax Cuts and Jobs Act (TCJA) was passed, limiting the amount of state…
9.9.22
Give Your Construction Company’s Bonding Capacity a Solid Foundation
A high bonding capacity is a strategic objective of many construction businesses. Knowing you can get the necessary underwriting from your surety gives you the…
9.9.22
New Lease Accounting Standard Is Here (For Real This Time)
Does your construction business follow Generally Accepted Accounting Principles (GAAP)? And does it lease equipment, real estate or other assets? If you answered “yes” to…
9.9.22
Could the Work Opportunity Tax Credit Help Your Construction Company?
The construction industry has been facing a labor shortage for years. Although there are various ways to tackle the challenge, one approach to keep in…
9.7.22
Large, Unpaid Tax Bills Could Endanger Your Passport
If you have a large unpaid federal tax bill, beware. A 2015 law allows the U.S. State Department to deny your passport application — or…
9.7.22
Large Cash Business Transactions Must Be Reported to the IRS
If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. Here are some…
9.7.22
Offset Nursing Home Costs With Possible Tax Breaks
If you have a parent entering a nursing home, taxes are probably the last thing on your mind. But you should know there may be…
8.26.22
For a Stronger Nonprofit, Increase the Number of Income Streams
Not-for-profits that rely on a single income source, or only a few, are vulnerable to economic shocks. The COVID-19 pandemic has made this particularly clear.…
8.26.22
Why an LLC Might Be the Best Choice of Entity for Your Business
The business entity you choose can affect your taxes, your personal liability and other issues. A limited liability company (LLC) is somewhat of a hybrid…