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JLK Rosenberger LLP
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2023-03-07
Timely and Consistent WIP Reports Can Boost Efficiency and Profitability for Contractors
Estimated read time: 3 minutes In the construction business, the Work-in-Progress (WIP) Schedule is a critical tool to track the overall progress and profitability of a company’s projects. It’s an essential financial tool that provides a point-in-time snapshot of each project’s profitability and enables – the contractor, the project manager, the accounting department, etc. – … Continued The post Timely and Consistent WIP Reports Can Boost Efficiency and Profitability for Contractors first appeared on JLK Rosenberger.
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Hutchinson and Bloodgood LLP
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2023-03-02
Supreme Court: Overtime rules still apply to highly compensated employees
If you were told someone earns more than $200,000 annually, you might assume the person is a salaried employee who’s ineligible for overtime pay. However, as demonstrated in the recent U.S. Supreme Court case of Helix Energy Solutions Group, Inc. v. Hewitt, this isn’t always a safe assumption. The FLSA rules Under the Fair Labor […]
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Berkowitz Pollack Brant
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2023-03-02
Podcast – BPB Knows Succession Planning
In this episode, business advisor Richard Berkowitz shares things entrepreneurs need to think about long before it is time for them to retire, sell or cash out. The post Podcast – BPB Knows Succession Planning appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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Hutchinson and Bloodgood LLP
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2023-03-01
Awarded money in a lawsuit or settlement? It’s only tax-free in certain circumstances
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal physical injuries or physical sickness” are free from federal income tax under the tax code. This includes amounts received in a lawsuit or a settlement and […]
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Berkowitz Pollack Brant
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2023-02-28
Qualified Opportunity Zone Issues, Challenges and Other “Pain Points” for Investors and Developers by Arthur J. Lieberman
Opportunity funds are going into their sixth year since their 2018 launch. They got off to a slow start as the IRS struggled to issue guidance on the many statutory rules applicable to these funds while the states struggled to designate the areas eligible for qualified opportunity fund investments. Covid also became a challenge, causing the IRS […] The post Qualified Opportunity Zone Issues, Challenges and Other “Pain Points” for Investors and Developers by Arthur J. Lieberman appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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JLK Rosenberger LLP
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2023-02-28
SECURE Act 2.0 Changes Impacting Employers in 2023
Estimated read time: 4 minutes 30 seconds The SECURE Act 2.0 (the Act) was signed into law at the end of 2022. Passed as part of the Consolidated Appropriations Act of 2023, it calls for a bevy of changes to the current retirement plan and savings rules. The purpose is to make it easier for … Continued The post SECURE Act 2.0 Changes Impacting Employers in 2023 first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-02-23
R&D Tax Credits: Amortization Not Expensing
Reading time: 6 minutes The federal Research & Development (R&D) tax credit available under IRC Section 41 (§41) is not only a useful tool to encourage innovation and development in the United States, but also represents a compelling savings opportunity today for many business owners across a wide range of industries. For many, the ability … Continued The post R&D Tax Credits: Amortization Not Expensing first appeared on JLK Rosenberger.
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Berkowitz Pollack Brant
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2023-02-21
R&D Tax Credits Can be a Boon to Real Estate Businesses by Spencer J. Solove, CPA
Mentioning the federal research and development (R&D) tax credit often conjures up images of scientists in white coats conducting lab experiments. Truth be told, the credit, which can reduce taxpayers’ federal tax liabilities, applies to a wide variety of activities conducted by companies outside of labs in an even broader range of industries, including construction […] The post R&D Tax Credits Can be a Boon to Real Estate Businesses by Spencer J. Solove, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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PKF International News
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2023-02-21
Promotion success across US member firms
PKF International is delighted to report a host of recent leadership promotions within our US member firms.
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JLK Rosenberger LLP
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2023-02-20
Cybersecurity Insurance Essentials
Reading time: 3 minutes Most businesses understand the risk posed by the growing number of cyberattacks each year. The sharp increase in incidences has prompted many to review and enhance their policies, procedures, guidelines, and processes. While necessary components, many often miss the additional protections cyber insurance offers. This type of insurance protects against first-party … Continued The post Cybersecurity Insurance Essentials first appeared on JLK Rosenberger.
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