3.2.22
The IRS Again Eases Schedules K-2 and K-3 Filing Requirements for 2021
The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021…
2.28.22
Are You Ready for the New Disclosure Requirements for Government Assistance?
Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of Topic 958, Not-for-Profit Entities, and employee benefit plans — must…
2.28.22
Can You Deduct the Costs of a Spouse on a Business Trip?
If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you…
2.28.22
Valuing a Business for Divorce
When divorcing spouses own a private business interest, it complicates the settlement process. The value of a business isn’t necessarily as straightforward as the values…
2.21.22
Employment Tax Credits for Manufacturers
The manufacturing industry makes up the backbone of the U.S. economy and, as such, there are many tax incentives aimed at helping manufacturers grow and…
2.18.22
Common Exit Planning Mistakes Contractors Make
Exiting your contracting business efficiently and with minimal losses requires solid exit planning. No matter who you’re passing it off to, however, there can be…
2.18.22
Five Tips to Improve Your Financial Reporting
In today’s challenging environment, a construction company’s relationships with its lenders and surety are more important than ever. One way to enhance these relationships is…
2.18.22
The ABCs of Activity-Based Costing
Revenue and expenses, as reported on your company’s income statement, have limited usefulness to people inside the organization. Managers often need information presented in a…
2.18.22
Do You Know the Value of Your Manufacturing Business?
Owners of manufacturing businesses often wonder, “What’s my business worth?” This question is especially pressing if the business is the target of an acquisition, or…
2.18.22
Economic Nexus and Manufacturers’ Sales Tax Obligations
It has been more than three years since the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair. In that case, the Court held…