TaxConnex

MARCH 21, 2024

After initial incentives from South Carolina for an Amazon investment in fulfillment centers 13 years ago, the company was to have begun collecting South Carolina sales tax in 2016. The much talked-about new Beneficial Ownership Information (BOI) requirement for millions of small companies under the U.S. BOI oh boy.

South Carolina 195

South Carolina Sales Tax Alabama 195

Going Concern

MARCH 21, 2024

According to earlier reporting, the property in Gray, TN (pop. Per a building permit pulled by Channel 11 , a local construction company will be doing $265,000 of demo work first. 1,342) could have been turned into a school. There’s another 75,000 square feet in their new building, no tenant has signed for now.

accounting firms 103

accounting firms Tennessee Account accountant 103

Acterys

MARCH 29, 2024

Simplified strategic planning focuses on setting clear objectives, understanding your government customer’s needs, and aligning business capabilities accordingly. Discover the fundamental elements of a strategic plan, explore why such planning helps with government contracts, and learn how to simplify your planning process.

Government 130

Government Construction Technology Account 130

TaxConnex

OCTOBER 13, 2020

Companies that perform services often see themselves as tax exempt, and in many cases that is true, but there are certain states andsituations in which that is not the case. Gain a better understanding of your sales and use tax obligations with these frequently asked questions we have received from businesses that provide services.

Sales 185

Sales South Dakota Tax Hawaii 185

Acterys

FEBRUARY 27, 2023

The act of planning is a crucial component in any business approach, and companies frequently allocate ample time and resources to establish efficient plans. By merging this with your internal business data, it can offer suggestions on various budgeting and planning possibilities as well as market tendencies.

Construction 130

Construction Technology Sales 130

TaxConnex

FEBRUARY 15, 2024

1, 2020; merchants with a physical presence in the state and remote sellers with more than $100,000 in sales into Washington must report B&O tax as well as applicable sales taxes. The company petitioned against the assessment, arguing that Leveling the Playing Field violates the U.S. No refund, stat!:

Sales 190

Sales Tax Illinois Washington 190

Cherry Bekaert

MARCH 27, 2024

If the reporting entity has an interest in an entity, the first step in the analysis determines whether that entity is within the scope of the Variable Interest Entities Subsections in accordance with paragraph 810-10-15-14, Consolidation. 1031 exchange. DSTs are becoming more popular as an alternative for Section 1031 exchanges.

Delaware 110

Delaware Real Estate accounting standards Legal 110

GrowthForceBlog

JULY 12, 2023

7 min read You may be an AEC industry (Architecture, Engineering, and Construction) professional by trade, but if you're running an AEC firm, then you must also be adept at business financial management; working as an architect or engineer is one job, but running an AEC firm is another.

Construction 82

Construction management accounting management accounts Technology 82

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

Randal DeHart

JUNE 3, 2022

One of the biggest challenges construction company owners like you have with an in-house bookkeeper is training them to work for your best interest, not theirs, and deliver consistent results and the reports you can trust daily, year after year.

Construction 78

Construction bookkeeping Account accountant 78

Cherry Bekaert

MARCH 27, 2024

If the reporting entity has an interest in an entity, the first step in the analysis determines whether that entity is within the scope of the Variable Interest Entities Subsections in accordance with paragraph 810-10-15-14, Consolidation. 1031 exchange. DSTs are becoming more popular as an alternative for Section 1031 exchanges.

Delaware 98

Delaware Real Estate accounting standards Legal 98

MyIRSRelief

MARCH 1, 2022

Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. Top 5 Reasons to hire a tax/accounting firm to service your businesses bookkeeping needs. The best way to do that is to have your financial statements in order.

bookkeeping services 100

bookkeeping services bookkeeping Real Estate Non-Profits 100

Withum

OCTOBER 26, 2023

Executive Summary Withum’s ERP Consulting Services Team was engaged by a construction firm challenged with manual day-to-day operations and a lack of realtime financial reporting. They recognized the need to bridge the gap between these two critical areas — a typical roadblock in the construction industry.

Construction 52

Construction New Jersey Finance Technology 52

Menzies

FEBRUARY 1, 2024

There were 25,158 registered company insolvencies in 2023, including 20,577 Creditors’ Voluntary Liquidations (CVLs), 2,827 Compulsory Liquidations, 1,567 Administrations, 185 Company Voluntary Arrangements (CVAs), and two Receivership appointments. per 10,000 active companies in 2023, the highest level since Q3 2014.

Hospitality 59

Hospitality Construction chartered accountant Retail 59

Acterys

JULY 10, 2023

If the term “AI” catches your eye, it’s highly likely that ChatGPT comes to mind. Its success has kickstarted an AI race that has compelled almost every company to embed artificial intelligence and machine learning algorithms into their software architecture to mirror the same level of agility and productivity.

Gaming 130

Gaming accounting and finance accounting software Technology 130

Cherry Bekaert

FEBRUARY 26, 2024

Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security. With our help, your business can streamline accounting processes, increase productivity and make informed decisions based on reliable financial information.

Account 81

Account accountant accounted accounting and finance 81

Acterys

NOVEMBER 27, 2023

In a rapidly changing business environment, companies turn to financial planning and analysis (‌FP&A) reports for a holistic understanding of business conditions and performance. Learn more about the major types of FP&A reports and how to leverage them to monitor your business’ financial health and performance.

financial statements 130

financial statements accounting and finance Sales accounting software 130

Reckon

APRIL 30, 2024

A new April report from illion , which draws from ASIC data, reveals the concerning trend. While it’s hard to parse out specifics, it seems clear that food, accommodation, and construction are the most represented industries when it comes to insolvency and restructuring. billion federal budget surplus tipped – but for how long?

income tax 95

income tax Construction Manufacturing Tax 95

Steve Feinberg

MARCH 15, 2023

Construction companies and tradespeople both have difficult jobs requiring long hours, skilled labor, and plenty of liability if the final product isn’t up to snuff. Without proper financial oversight and budgeting, enough of these bad jobs can put a cabinetry company out of business—and that’s where bookkeeping comes in.

bookkeeping 52

bookkeeping Construction New Hampshire accounting and finance 52

CPA Practice

FEBRUARY 26, 2024

Taking on an advisory role will not only improve your year-round cash flow but will also help you better serve your clients. At the same time, they boost your firm’s profit margins. How do you package your services? If you’re not sure which services would best suit your clients, ask them.

tax planning 119

tax planning CPA Tax Construction 119

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

Cherry Bekaert

FEBRUARY 7, 2024

Limited liability companies (LLCs) and S corporations (S corps) are often talked about in conjunction with possible types of business entities, but it is not a simple choice between one or the other. For tax purposes, partnerships are seen as extensions of their owners, and owners receive tax reporting through a Schedule K-1.

Real Estate 103

Real Estate Tax income tax Legal 103

CPA Practice

JANUARY 30, 2024

The company previewed new features and capabilities that will launch in the 2024 R1 product release – with the beta of 2024 R1 now available to Acumatica customers. These features will enable companies to streamline and ensure the accuracy of Amazon transactions.

Manufacturing 59

Manufacturing Construction Retail Technology 59

CPA Practice

SEPTEMBER 19, 2023

But you can improve your chances of holding onto valued talent by increasing your understanding of what motivates all your employees, from every generation, to work for your organization and perform at their best. But today, many of these professionals are executives and leaders at their companies.

cpa firm 110

cpa firm CPA accounting and finance Virginia 110

TaxConnex

MAY 11, 2021

Both the process of reporting sales tax and the level of sales tax detail required varies from state to state. Some reporting requirements that should be considered in your sales tax compliance process are: 1. Know your Deadlines. be aware of local level reporting. be aware of local level reporting.

Sales 131

Sales Tax Colorado tax return 131

Basis 365

FEBRUARY 1, 2024

This comprehensive guide will equip you with the knowledge and tools needed to navigate the maze and construct a system that paves the way for sustainable success. If you decide not to do this on your own, we recommend partnering with an outsourced team of accountants and bookkeepers. Reach out for a free consultation.

accounting system 59

accounting system Account accountant accounted 59

Randal DeHart

JULY 8, 2022

Many surveys and reports show that nearly half of all new construction companies close their doors within the first five years of opening them. Planning is essential to give your business the best chances for success. When we speak with contractors who failed, most say it was due to a lack of cash flow.

Construction 78

Construction 78

Randal DeHart

APRIL 1, 2022

They will likely find more deductions that can save you money and, in some cases, mean the difference between success and failure in your construction company. They will likely find more deductions that can save you money and, in some cases, mean the difference between success and failure in your construction company.

quickbooks 77

quickbooks Tax Construction tax return 77

ThomsonReuters

AUGUST 19, 2021

QUESTION: Our company offers a high-deductible health plan (HDHP), and many participants contribute to their own HSAs. Our company could also save its share of FICA taxes on the contributions. ANSWER: Your employees cannot make pre-tax HSA contributions unless your company offers a Code § 125 cafeteria plan.

payroll 105

payroll Tax income tax tax return 105

CPA Practice

JANUARY 25, 2024

By Michael Grothaus, Fast Company (TNS) If you’re looking for a new job in 2024—especially one with a higher-than-average salary and some chance of remote work—you’ll want to give Indeed’s 50 Best Jobs in the U.S. Yet that doesn’t mean AI itself may take your job. “In Fast Company © 2024 Mansueto Ventures LLC.

accounting jobs 59

accounting jobs accountant jobs accounts jobs Account 59

Cherry Bekaert

JULY 10, 2023

Unequivocally, RPA initiatives and tools have a massive role in strengthening and transforming companies and it is increasingly becoming an enterprise-level opportunity. RPA Builder enables users to build automations with low-code tools by identifying tasks and steps in process, fueling your automation build at ease.

Technology 94

Technology Real Estate Construction Healthcare 94

Cherry Bekaert

MAY 22, 2023

A technology platform that fuels every aspect of your business is no longer a competitive advantage in this data-driven, digital-first business world – it is an imperative. When connecting Power BI to these two components, an analysis can determine the timeliness of the reporting process. are all possible.

Technology 98

Technology Construction quickbooks Sales 98

Reckon

OCTOBER 2, 2023

We sat down for a chat with Mary just last week… How did you first get into bookkeeping and what led you to open your own business? One day a dear friend of mine, who had started his own construction company a few years earlier when I told him “You really need a good bookkeeper, you know that? I’ve never needed to advertise.

bookkeeping 52

bookkeeping payroll Construction bookkeeping services 52

CPA Practice

FEBRUARY 9, 2024

I’m your host, Randy Johnson with co host, Brian Tankersley. And we believe that their strategies generally make great sense for many of you, our listeners and your clients. And in fact, some of the prior management teams of other companies that we’ve known, have actually taken over operations. SPEAKERS Brian F.

Technology 64

Technology Account accountant accounted 64

Accounting Seed

JUNE 26, 2023

In an industry that is complicated and often antiquated, Avellino and his team strive to be true partners to construction companies by putting themselves in their shoes—something many other insurance companies in their space fail to do. For the construction industry, it’s more than just reviewing contracts.

Technology 90

Technology Account accountant accounted 90

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

CPA Practice

APRIL 30, 2024

Whether you’re a small startup, a growing enterprise, or an individual with specific computing needs, the cloud’s flexible architecture ensures you can mold the platform to suit your objectives. Sangeeta Chhabra Make no mistake, cloud platforms have become pivotal In the ever-evolving landscape.

Account 107

Account accountant accounted Technology 107