Construction

The 2018 gift tax return deadline is almost here

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine…

Vehicle-expense deduction ins and outs for individual taxpayers

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax…

Audits home in on cybersecurity

In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a result. That’s the…

Theft-Proof Your Construction Site

Construction site theft is an expensive, growing concern. Costs rise as contractors lose building materials, tools and equipment and liability…

How to report stock compensation paid to nonemployees

The accounting rules for reporting stock compensation have been expanded. They now include share-based payments to nonemployees for providing goods…

Auditing cashless transactions

Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments….

IRS Issues Final QBI Deduction Regulations

The IRS has issued final regulations on determining allowable deductions based on qualified business income (QBI) from pass-through entities. This…

IRS Offers QBI Deduction Safe-Harbor Rule for Rental Real Estate

The IRS recently issued guidance on the new deduction for up to 20% of qualified business income (QBI) from pass-through…

Private companies: Have you implemented the new revenue recognition standard?

Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must comply with the landmark new revenue recognition standard in…

M&A due diligence: Don’t accept financial statements at face value

The M&A market was hot last year, and that momentum is expected to continue in 2019. Before acquiring another business,…