8.5.22
Understanding Risk Assessment to Prevent Fraudulent Activity
There are many fraud prevention tools and techniques available to companies today. Yet, dollar for dollar, none may yield greater results for preventing occupational fraud…
8.4.22
Key Tips for Preventing Profit Fade
Profit fade can be a serious problem for construction companies. It’s not only a red flag for sureties and lenders, but also a harbinger of…
8.4.22
Improve Your Hiring Process While Generating a Tax Credit: The Work Opportunity Tax Credit
As the nationwide struggle to find both skilled and non-skilled employees continues in a post-pandemic environment, many manufacturers have been faced with a harsh reality…
8.4.22
“Small” Manufacturing Companies May Be Eligible for Big Benefits
Small-sized manufacturers may enjoy several tax advantages that allow them to reduce their tax bills, defer taxes and simplify the reporting process. Federal tax rules…
8.4.22
Addressing Cybersecurity Before It’s Too Late
Manufacturers can’t afford to put cybersecurity issues on the back burner. Just because manufacturers may not sell directly to consumers doesn’t mean they’re not at…
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
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…