A surety bond is a type of guarantee in which the surety upholds a construction contractor’s promise to an owner that a project will be completed and bills will be paid. As the surety is extending this guarantee, the contractor’s character and creditworthiness are most important. CPA prepared financial statements, including a balance sheet...
Written By: Megan Senkowski, CPA
A common issue facing plan administrators of defined contribution plans relates to asset balances in their plans of terminated employees. Often times, these balances can sit there for years, generating interest/investment income for the participant, as well as additional administrative expenses for the plan. In the...
The onslaught of modern day technology has made the world as we know it a much smaller place. As a result, even small businesses are routinely conducting business activities across state and even international borders. Other small businesses are planning to expand their product and service offerings into new state jurisdictions, as a way to grow...
Are you prepared for the final tangible property repair regulations?
The U.S. Production Deduction or Domestic Production Activities Deduction (DPAD) is a valuable tax tool for businesses in the construction industry, yet it is still often not utilized properly. Are you missing out on this great tax benefit?