accounting

Reading Time: 3 minute Year-end is the time to finish out one year while planning for the next. As the end of 2021 approaches, we want to remind you of various payroll and Form 1099 related changes, as well as other items...

Reading Time: 1 minute   forms 1099-misc and 1099-nec Electronic Filing of Returns There are new proposed regulations to reduce the threshold for electronic filing requirements in the Taxpayer First Act of 2019. If these...

Reading Time: 1 minute The five-step approach to revenue recognition introduced with Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASC 606) has gone into effect and will be significantly...

Reading Time: minute   In recent years, business owners have faced higher expectations regarding financial transparency and government compliance. Many growing businesses struggle to create a well-tuned accounting...

Reading Time: 2 minute Construction industry companies often rely on leasing as a source of financing for equipment and vehicles. Leasing provides access to these expensive assets without the immediate cashflow hit that...

Reading Time: 2 minute What Is the Employee Retention Credit & How to Claim It For 2021 The employee retention credit (ERC) was first introduced with the CARES Act in 2020, and subsequent tax bills have made the credit...

Reading Time: 2 minute   Recordkeeping is one of your most important responsibilities as a business owner, and success depends on creating and maintaining an effective system. Recordkeeping systems range from simple folder...

Reading Time: 2 minute Sound accounting systems and practices are essential tools for managing any construction business. Given the uncertainty in the construction industry, it is imperative to monitor job performance,...