with Customers (ASC 606) has gone into effect and will be significantly changing some financial statements and the recognition of revenue
Revenue Recognition Case Studies
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Accounting
Construction Company Accounting Procedures – What You Need to Know
Good accounting systems and practices are important tools for managing any construction business
What’s New for 1099 Reporting
ectronic Filing of Returns
There are new proposed regulations to reduce the threshold for electronic filing requirements in the Taxpayer First Act of 2019.
Impact of New Lease Accounting Rules on Construction Companies
The new lease accounting rules will have a big impact on the financial statements of construction companies leasing property, equipment, vehicles and other fixed assets.
Employee Retention Credit FAQs
The employee retention credit (ERC) was first introduced with the CARES Act in 2020, and subsequent tax bills have made the credit more widely available to businesses.
4 Tips for Business Recordkeeping
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 filing to complex online electronic software.
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