Construction Tax Alert: New $25M Average Gross Receipts Threshold

The new Tax Cuts and Jobs Act (TCJA) has brought many changes to the tax law. However, there is one area not drawing a lot of attention that is worth […]
Read MoreThe new Tax Cuts and Jobs Act (TCJA) has brought many changes to the tax law. However, there is one area not drawing a lot of attention that is worth […]
Read MoreManaging payroll can be a burdensome task. Adding to the burden is adjusting tax withholding tables issued by the IRS. It’s not only crucial to withhold the appropriate taxes, but […]
Read MoreLatest Statistics Overall, less than 1% of individual tax returns were audited in both 2017 and 2018. However, as in the past, those with very high incomes face greater odds. […]
Read MoreThe IRS has updated the inflation-adjusted “luxury automobile” limits on certain deductions taxpayers can take for passenger automobiles, including light trucks and vans, used in their businesses. Revenue Procedure 2019-26 […]
Read MoreSummertime means sunny days, warmer weather, and opportunities to take a hard-earned vacation. As a self-employed person or a business owner, there are ways to combine a business trip with […]
Read MoreThe IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use the rules to value an […]
Read MoreIf you’re a business owner and you hire your children (or grandchildren) this summer, you can receive various tax breaks along with other non-tax benefits. The kids can gain on-the-job […]
Read MoreDue to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Many filers who received refunds in past years wound up […]
Read MoreAs with many industries, the construction industry is beginning to see a change in how technology can enable aspects of many processes. However, with an average spend of approximately 1.5% […]
Read MoreUpdate published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of […]
Read MoreBeginning June 7, 2024, Indiana Medicaid launched a transformative new program: PathWays, a managed long-term service and support (MLTSS) initiative designed to streamline care for aging Hoosiers. This program partners […]
The Health Resources and Services Administration (HRSA) has set the annual recertification period for the 340B Drug Pricing Program for hospitals to begin on August 11, 2025, and end on […]
Small business owners who work from home could save money on their taxes by taking the home office deduction, as long as they meet the requirements set forth by the […]