With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.
The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance.
The accounting rules for reporting income from long-term contracts for book and tax purposes can be confusing. Here’s a brief overview of the accounting rules.
Can you name the three reports that make up a comprehensive set of financial statements under U.S. GAAP? To get a holistic assessment of your organization’s performance, it’s important to look beyond profits.
Which areas of your organization’s financial statements pose the greatest risk of material misstatement? Here’s a recent report that may help identify high-risk accounts and transactions.
One of the biggest imperatives of running a construction business is carefully and thoroughly documenting all aspects of your work. Here are some best practices to consider.
Here’s how to get control of your overhead allocations and make better-informed pricing decisions in today’s volatile marketplace.
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.
Construction business owners: Does your company carry inventory? If so, you may be required to comply with Section 263A of the Internal Revenue Code. Here’s an overview.
BeachFleischman acquires majority stake in Kuadra Support, a Mexican nearshore outsourcing firm.
Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Here’s an overview of the accounting rules for uncertain tax positions under U.S. GAAP.
Here’s how daily or weekly flash reports can help your organization become more responsive to changing market conditions.