Should You Reimburse Staff for a Home Office?
What challenges have your employees been facing, and how can you offer the solutions they need? Deciding on a home office reimbursement policy can be the difference between successful work-at-home …
Setting up a Succession Plan for Your Business
Once you’ve become comfortable with the idea that you want your business to continue after you’re no longer around, you must plan for succession in order for it to become …
How to Navigate an Individual Tax Audit
While it is accurate to say that the IRS has audited significantly fewer people, less than 1% of individual tax returns are audited and the majority of audits nowadays are …
The Role of Construction Accounting in Managing Cash Flow for Contractors
Managing cash flow is one of the biggest challenges for contractors in the construction industry. Whether you’re a small or large construction firm, you need to have a solid understanding …
Budgeting Success for the Construction Industry
When a construction business doesn’t have a clear idea of its annual budget, it runs the risk of spending more money than it earns that year. You may have been …
IRS Clarifies Federal Taxes and State Payments
The IRS has recently announced that “in the interest of sound tax administration and other factors,” taxpayers in many states will not need to report various payments on their 2022 …