2.4.22
Keeping Meticulous Records Is the Key To Tax Deductions and Painless IRS Audits
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you…
2.4.22
Entrepreneurs and Taxes: How Expenses Are Claimed on Tax Returns
While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number of reasons why…
1.31.22
Placing a High Value on a Business Valuation
If you own or co-own a construction business, it’s likely the most valuable asset in your possession. But the question is and will remain throughout…
1.31.22
Importance of Cash Flow During Supply Chain Disruptions in Construction
The COVID-19 pandemic has caused, among many other issues, supply chain disruptions. We all remember seeing lumber soaring to ridiculous heights, but continued product and…
1.31.22
Combating the Skilled Labor Shortage
Even before COVID-19, construction companies were facing a shortage of skilled workers. The pandemic has only exacerbated the problem for contractors and many other types…
1.28.22
Digital Supply Chain Is the Future
As the supply chain for the manufacturing industry becomes increasingly global, it’s also becoming increasingly complex. Even before the COVID-19 pandemic, many manufacturers and distributors…
1.28.22
Tips for Manufacturers to Attract and Retain Qualified Workers
The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, tracks CFO optimism and…
1.28.22
What Do I Do Next Now That the New Lease Standard Is Here?
The accounting topic of 2022 is and will continue to be, the adoption of the new leasing standard. Accounting Standards Update (ASU) 2016‐02, Leases, is…
1.28.22
It’s Time to Review Expense Deduction Rules
The COVID-19 pandemic isn’t over, but business travel is starting back up. So, it’s a good time to revisit the tax rules for deducting business…
1.27.22
Major Changes to the Tax Treatment of Research and Experimental Expenditures Are Here
Historically, companies in the United States that engage in research and development (R&D) activities were afforded certain tax benefits. This included the ability to fully…