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…
2.14.22
Making Withdrawals From Your Closely Held Corporation That Aren’t Taxed as Dividends
Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a…
2.14.22
Important Tax Aspects of Operating Your Business as a Sole Proprietor
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects…
2.11.22
How Do I Get Out of Doing a Physical Inventory Count?
How do I get out of doing a physical inventory count? This is a question we hear from our clients at least once each year.…
2.10.22
Businesses Can Still Deduct 100% Of Restaurant Meals
Business owners, 2022 is well underway. So, don’t forget that a provision tucked inside the Consolidated Appropriations Act suspended the 50% deduction limit for certain…
2.10.22
Could You Have To Pay a Parent’s Nursing Home Costs?
Given the steep cost of nursing homes, planning for long-term care is critical. This holds true not only for you, but also possibly for aging…