As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so,… Read More »Is your business required to report employee health coverage?
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the… Read More »Estimated tax payments: Who owes them and when is the next one due?
Your neighborhood ice cream shoppe no doubt operates under a simple fixed price, point-of-sale billing method. Construction companies don’t have it so easy. Because of… Read More »5 common billing methods in the construction industry
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that… Read More »How to treat business website costs for tax purposes
When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so… Read More »Is your withholding adequate? Here’s how to check
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some… Read More »Three tax breaks for small businesses
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending… Read More »How to avoid the early withdrawal tax penalty on IRA distributions
A high bonding capacity is a strategic objective of many construction businesses. Knowing you can get the necessary underwriting from your surety gives you the… Read More »Give your construction company’s bonding capacity a solid foundation
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling… Read More »Important considerations when engaging in a like-kind exchange
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to… Read More »The kiddie tax: Does it affect your family?
While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple payments. As you’re well aware,… Read More »Reviewing revenue recognition for construction companies
Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist… Read More »The tax obligations if your business closes its doors