2021 Year-End Tax Planning for Individuals

As we approach year end, now is the time for individuals, business owners, and family offices to review their 2021 and 2022 tax situations and identify opportunities for reducing, deferring, or accelerating tax obligations. Areas potentially impacted by proposed tax legislation still in play should be reviewed, as well as applicable opportunities and relief granted under legislation enacted during the past year.

CFMA Educational Series: Accounting Update for Contractors

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We’re just 1 week away, don’t forget to register for this annual event! This year, we’ve got an excellent lineup that will provide a comprehensive update on: Revenue Recognition; What Contractors Need to Know Construction Recruiting & Compensation Update Impact of Tax Reform on Contractors Evaluating Contractors’ Financial Statements If you have had some exposure to the changes in revenue …

Does Your Business Qualify For the Work Opportunity Tax Credit?

What is it: The Work Opportunity Tax Credit is a Federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. The target groups includes veterans, temporary assistance for needy family (TANF) recipients, supplemental nutrition assistance program (SNAP) recipients, designated community residents, vocational rehabilitation referrals, ex-felons, supplemental security income (SSI) …

Tariffs Spark Fears of Rising Construction Costs: Could Investment in Technology Be the Answer?

Recent economy and governmental policies show strong ties between the demand for construction and the rise of input costs due to trade tariffs. Material prices and skilled labor shortages lower production efficiency and affect multiple industries in the construction chain. Its important for our clients to know that investing in new technologies and workforce improvement will help transform sustainability and …