Common penalties and obtaining penalty abatement from the IRS. The IRS can assess many types of penalties against taxpayers: late-filing penalties, late-payment penalties, estimated tax penalties, accuracy-related penalties, and the …
Over the past several years, Congress has placed a great deal of emphasis on green building and energy-independence initiatives. A valuable initiative for designers, architects and builders is the Energy-Efficient …
The monthly close process should be standardized. Start by creating a list of standard journal entries that will promote consistency in monthly closings. The following types of adjusting entries produce …
If you haven’t reviewed at the new IRS Form W-4, it’s changed, including: Effective Jan. 1, 2020, all new hires must use the new Form W-4 Allowances are no longer …
As construction firms evolve, they quickly outgrow their first-generation accounting software packages. That software was likely purchased when there was not a lot of capital on hand and not a …
If your payroll provider handles your payroll-processing responsibilities, you might not see the need to learn the ins and outs of calculating net pay. But imagine an employee seeking clarification …
