Construction business owners: Avoid these two common accounting problems
Construction business owners: Are your accounting processes as good as they could be? Here are two common problems that tend to cause contractors to struggle in this area.
It’s almost time for a midyear checkup on your company’s financial health
Time flies when you’re busy running a business. It’s important to pause at midyear and assess interim financial performance. Otherwise, you could be surprised by your company’s year-end results.
4 cost-cutting areas to help your business boost profits
When was the last time your business performed a formal expense review? This exercise can pay off by lowering costs and raising profits.
Are your volunteers risking legal and tax liability?
Most charitable volunteers don’t think about potential legal and tax liabilities resulting from their volunteer activities. As a nonprofit leader, it’s your responsibility to ensure they never have to worry about such risks.
How to communicate accounting information to laypeople
Stakeholders want accurate, transparent information about your organization’s financial performance. It’s up to you to supply them with information they fully understand to make informed decisions.
Best practices for offsite construction project management
Construction projects don’t all look the same nowadays. One increasingly popular approach is offsite construction, and these jobs present distinctive project management challenges.
IRS extends relief for inherited IRAs
If you’ve inherited an IRA, you need to know about the latest IRS guidance.
IRS issues final regulations on inherited IRAs
The IRS has issued final regulations regarding inherited IRAs and other defined contribution plans.
Health care self-insurance and stop-loss coverage: What business owners need to know
Self-funded health insurance plans are a viable fringe benefit offering for some businesses. But it’s important to explore all the details first, including stop-loss coverage.
IRS issues guidance on tax treatment of energy efficiency rebates
The IRS has offered guidance regarding the tax treatment of energy efficiency rebates introduced by the Inflation Reduction Act.
Why some businesses choose to execute a pivot strategy
Business owners: If your company is struggling, it may be time to consider a pivot strategy. Here are some reasons other companies have pivoted.
Nonprofits don’t lose as much to fraud, but risk requires action
Does your nonprofit train staffers and other stakeholders on how to recognize and report fraud? If not, you may risk financial losses you can’t afford. We urge you to implement these internal controls.