Anders CPA

DECEMBER 18, 2023

As provisions from the Tax Cuts and Jobs Act (TCJA) sunset, a changing tax landscape awaits in 2024. While some provisions are expiring, new regulations and updated rulings introduced by the CARES Act and the Inflation Reduction Act (IRA) will impact entity conversions, deductions and accounting methods for the construction industry.

Construction 59

Construction tax planning Tax cpas 59

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 59

Real Estate Account accountant accounted 59

TaxConnex

FEBRUARY 15, 2024

There’s always something changing in the world of tax, especially sales tax. B&O responsibility: A Washington State appellate court has found two sellers responsible for sales tax and business and occupation (B&O) tax on sales made through Amazon’s Fulfillment by Amazon (FBA) program. No refund, stat!:

Sales 189

Sales Tax Illinois Washington 189

CPA Practice

MAY 31, 2023

A California man was sentenced in late May to 12 months in prison for willfully failing to account for and pay over employment taxes. According to court documents and statements made in court, Larry Kudsk of Berkeley, California, operated two construction businesses, Kudsk Construction, Inc., Gutierrez, Inc.

Construction 59

Construction California Tax payroll tax 59

Withum

MAY 10, 2024

It is estimated that only 30% of construction companies survive after the founder dies, and that number drops to 20% through the third generation. The purpose of this article is to provide a high-level overview of the various alternatives that construction businesses can consider as transition becomes a key factor to their survival.

Construction 52

Construction Tax Non-Profits Sales 52

MyIRSRelief

MAY 1, 2024

Yet, amidst the excitement lurks a dark alley – the realm of taxes. Navigating complex tax codes, understanding specific forms like 1120, 1120S, and 1065, and ensuring compliance can feel like deciphering ancient scrolls. Here’s where a qualified business tax professional becomes your secret weapon.

Tax 130

Tax tax planning audit Non-Profits 130

Pooley Accounting Services

DECEMBER 2, 2021

You were up at 6:00 and at the construction site by 7:00. It’s 10:00 pm, and you’re trying to pull together a proposal for a huge construction project that is due tomorrow. Maybe, it’s time to think about accounting professionals or a firm with construction experience to help. construction accounting.

Construction 52

Construction Account accountant accounted 52

Xero

DECEMBER 7, 2022

This was certainly the case for Carly Shaw from Clarative Accounting. With these aspirations in mind, Carly and her colleague and friend Katie decided to embrace change and founded Clarative Accounting – a practice dedicated to helping small construction companies. . Here, Carly tells the story of Clarative Accounting. .

Construction 64

Construction Account accountant accounted 64

Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. See our Property & Construction Team’s predictions and wish list for the Chancellor’s Spring Budget 2024 below. A decreasing stock of private rental housing could be disastrous for low-income families as there is also a lack of available social housing.

Construction 52

Construction chartered accountant Tax accounting firms 52

VJM Global

MARCH 18, 2024

04/WBAAAR/APPEAL/2023) The Company constructed a warehouse and let it out. The Company sought an advance ruling from WBAAR that whether the company is entitled to claim ITC on inward supplies received for construction of such warehouse. However, where construction expenses are not capitalized in books, the claim of ITC is admissible.

Construction 52

Construction Tax Legal Account 52

Randal DeHart

DECEMBER 16, 2022

Most construction business owners who reach out to us describe this as their "Year End Madness" to prepare their documents for the tax accountant. The end of the year tends to be chaotic for construction company owners, but it's an excellent time to get some extra housekeeping done for your business.

Construction 80

Construction tax preparation quickbooks tax accountant 80

Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. The autumn statement has been a mixed bag for the property and construction sector. Here’s our summary of the main points: What does this mean for the Construction sector ? Some landlords are paying tax even though they are not profitable.

Construction 59

Construction chartered accountant accounting and finance Tax 59

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

Construction 89

Construction bookkeeping tax preparation New Hampshire 89

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

Construction 87

Construction bookkeeping tax preparation New Hampshire 87

Randal DeHart

SEPTEMBER 16, 2022

There are a few different methods that employers use to pay their employees, and while they may have similarities, they each also have implications for your construction business and employees. On top of that, there may be a blended model at play, in which you offer two types of compensation at once, such as a wage and bonuses.

Construction 88

Construction payroll Tax Sales 88

TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its

Sales 177

Sales Tax Oklahoma Illinois 177

ThomsonReuters

MAY 3, 2023

A tax services director in Washington D.C. says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit.

Construction 59

Construction tax services Tax payroll 59

CPA Practice

JULY 31, 2023

In today’s globalized world, offshoring and outsourcing have become prevalent strategies adopted by CPAs, accounting, and tax firms to optimize their operations, minimize expenses, and tap into specialized expertise. When interviewing offshore accountants, consider conducting video interviews to establish a personal connection.

Tax 98

Tax Account accountant accounted 98

Randal DeHart

DECEMBER 8, 2023

Have you given your bookkeeper, wife, partner), accountant or tax accountant, what information is needed to complete your reports? Accountants need good information to create detailed reports and save money on your taxes. Deadlines are fast approaching, but it doesn't have to be stressful.

bookkeeping 91

bookkeeping Construction tax accountant Tax 91

TaxConnex

APRIL 13, 2023

Our third annual survey of financial professionals across accounting, manufacturing, construction, software and technology, retail/eCommerce, telecom and others showed that many industries face sales tax challenges and that financial leaders continue to lean on internal resources to get the job done.

Sales 130

Sales Tax tax return audit 130

CPA Practice

MAY 6, 2024

The accounting and advisory firm Marcum LLP has acquired Croskey Lanni, PC, a notable Detroit, Michigan area-based firm with an office in Boca Raton, Florida. Croskey Lanni brings six partners and more than 50 dedicated associates to Marcum. They have also been leaders in the charter school industry since its inception in the 1990s.

Michigan 64

Michigan accounting firms Florida Account 64

Steve Feinberg

JULY 27, 2022

Running a construction business isn’t like running other goods or services-centered businesses. Here are a few bookkeeping tips from the professionals at AppleTree Business Services for construction companies. Why Is Bookkeeping Important for the Construction Business? Construction Bookkeeping Tips.

bookkeeping 52

bookkeeping Construction accounting and finance payroll 52

Randal DeHart

NOVEMBER 25, 2022

Depending on the nature of your construction business, you may have workers who are employees or contractors, or you may have both. Each has its merits, but it's important to review which are to meet your tax obligations. When you have an employee, you must withhold income tax and report on additional benefits.

Construction 84

Construction payroll tax payroll income tax 84

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

Real Estate 59

Real Estate Account accountant accounted 59

Cherry Bekaert

MAY 6, 2024

Whether you own residential or commercial property(s), selling your real estate can be a complex process, especially when it comes to tax implications and deferral options. By deferring capital gains taxes, sellers can potentially reduce their tax burden and reinvest in new opportunities.

Real Estate 96

Real Estate Delaware Tax tax return 96

ThomsonReuters

JULY 6, 2023

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity.

accounting firms 98

accounting firms Account accountant accounted 98

Mark Lee

APRIL 9, 2024

There is a direct parallel with the role of accountants. The key question is how will accountants respond to the changes that are rapidly becoming reality? Well, like accountants, the medical profession do not have to secure full marks to secure their qualifications. How does this relate to accountants? Head in the sand?

Account 104

Account accountant accounted tax return 104

Withum

MARCH 7, 2022

At Withum, we are fortunate to have over fifteen talented women on our Construction, Architecture and Engineering Services Team across the U.S. Our team ranges from Staff Accountants, Managers, to Partners and together help AEC based companies navigate complex business challenges, whether tax, accounting, advisory or technology-driven.

Construction 105

Construction Entertainment tax accountant Start-ups 105

CPA Practice

NOVEMBER 27, 2023

Corvee, a maker of tax planning technology for businesses and tax pros, has added Augusta Rule deduction filing guidelines into its Instead and Instead Pro tax planning systems. Instead and Instead Pro offer seamless Augusta Rule savings estimation to help plan, calculate, document and file a return.

tax planning 98

tax planning Tax income tax tax return 98

CPA Practice

APRIL 23, 2024

Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms, as an alliance member in the United States. Based on reported 2021 fee income, Accountancy Age ranked CLA Global 15th among the top global accounting and advisory organizations in the world.

Minnesota 59

Minnesota accounting firms Agriculture Account 59

TaxConnex

MARCH 11, 2021

Sales tax obligations regarding software and other technology-related solutions can often come down to location and definition. Four states recently took a closer look at how sales tax applies to technology-related solutions, one of the more confusing industries for complying with sales and use tax requirements.

Sales 196

Sales Technology Indiana Tax 196

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

Sales 192

Sales Tax Colorado Massachusetts 192

CPA Practice

JUNE 19, 2023

By Michael Aloi, CFP, Kiplinger Consumer News Service (TNS) I never recommend an investment solely for the tax benefits. If an investment makes sense as part of a diversified portfolio and can provide tax benefits, then it is a win-win. But it’s the tax advantages of real estate investment trusts that I want to focus on here.

Tax 111

Tax Real Estate income tax Legal 111

CPA Practice

MAY 6, 2024

Plan loan relief : Increased limit on the amount a qualified individual may borrow from the individual’s account under an eligible retirement plan (not including an IRA). 27, 2020—the date of enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, the IRS said. You can find more FAQs and answers here.

Construction 108

Construction Tax Account accountant 108

Randal DeHart

NOVEMBER 11, 2022

Folks accustomed to getting things done quickly and efficiently do not mind paying professionals for servicing, repairing, remodeling, or building new construction projects related to their houses and commercial buildings. Understanding the High-Profit Client Most of them have personality traits commonly known as drivers.

Construction 80

Construction payroll tax payroll bookkeeping 80

CPA Practice

APRIL 19, 2024

Christianson PLLP, an accounting firm headquartered in Willmar, Minnesota, has joined as an alliance member of CLA Global. CLA Global Limited is an organization comprised of independent accounting and advisory firms. The firm has six offices and more than 80 staff members.

Minnesota 52

Minnesota accounting firms Agriculture Account 52

CPA Practice

DECEMBER 19, 2023

Top 30 accounting firm Aprio has expanded into Texas after merging with San Antonio-based Ridout Barrett & Co. Founded in 1986, RBC has deep experience providing accounting and business consulting services to its clients, especially those in the construction and real estate industries. CPAs & Advisors (RBC).

Texas 64

Texas accounting firms Real Estate Construction 64