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At some time or another, construction company owners must hang up their hard hats. Having a succession plan in place is key to ensuring business continuity.
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Despite being non-financial, non-cash donations (a.k.a. in-kind contributions) can help to bolster your organization’s bottom line. Check out these three ways to make the most of them.
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Like many other employers suffering through the so-called Great Resignation, some nonprofits are struggling to fill — and keep filled — all of their positions. Automating processes with software could provide relief for organizations of every size.
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The 199A deduction is still widely misunderstood. Much of the confusion surrounding it can be traced to this media-driven myth: service-based businesses do not qualify for the deduction. If you own a service-based business and have wondered about your eligibility, here’s what you should know.
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Starting a business comes with a lengthy to-do list. One thing to consider adding to yours: securing a financial statement audit.
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From quality control to quality management: New AICPA quality standards are here—is your firm ready?
If your accounting firm issues reports on financial statements, you likely know the AICPA issued new standards on quality management last year. Although the standards aren’t effective until late 2025, it’s imperative to start implementing them now.
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With many provisions within the Tax Cuts and Jobs Act (TCJA) expiring in late 2025, several state and federal tax law changes may impact manufacturing businesses, including one that will impact manufacturers who engage in R&D.
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Non-cash donations to a nonprofit organization are called in-kind contributions, and they come with their own set of requirements—that apply to both the nonprofit and its donors.
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To guard against common causes of construction claims, it’s important for business owners in the industry to first identify them. By putting a name to these risks, your business can put measures in place to help mitigate them.
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Buying or selling a business? It may be the most important transaction you ever make. So it’s important to seek professional tax advice as you negotiate.
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