Jun.6, 2023
Four Construction WIP Errors to Avoid
An accurate Work-In-Process (WIP) schedule is essential for contractors to effectively manage projects, make informed de...
Jun.5, 2023
Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses June 5, 2023
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases,...
May.30, 2023
Changes to TDR Accounting and Disclosures for CECL Adopters
In March of 2022, the Financial Accounting Standards Board (FASB) issued a follow-up standard to ASU 2016-13 – Measureme...
May.23, 2023
The IRS has just announced 2024 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HS...
May.22, 2023
If you’re hiring independent contractors, make sure they’re properly handled
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages...
May.17, 2023
Being a gig worker comes with tax consequences
In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who delive...