PKF North America News

Construction businesses operate in an environment where precision and timing are everything. Managing multiple jobs, coordinating subcontractors, and staying on top of costs are demanding. Add complex billing cycles, compliance obligations, and financial reporting requirements, and the back office can quickly become a bottleneck. Many construction companies are turning to outsourced accounting to keep pace … Continued The post Benefits of Outsourced Accounting for Construction Companies first appeared on JLK Rosenberger.

Reading Time: 3 minutes 45 seconds On April 3, 2025, the Department of Labor (DOL) released new guidance to help plan administrators resolve conflicting requirements for annual funding notices. The confusion stems from updates made under the, which changed key elements of what defined benefit plans must disclose. Although the statute took effect for plan … Continued The post DOL Bulletin Clarifies Conflicting Funding Notice Rules first appeared on JLK Rosenberger.

Reading time: 2 minutes 30 seconds The IRS recently issued new guidance on accounting rules for the Employee Retention Credit (ERC) that will provide relief and new options for taxpayers whose refunds for ERC claims were either significantly delayed or disallowed. Key guidance Most notable is that the new guidance allows taxpayers to apply the … Continued The post New IRS Guidance on ERC Brings Flexibility and Relief to Taxpayers first appeared on JLK Rosenberger.

Reading Time: 3 minutes 40 seconds Driving growth and profitability means leveraging opportunities when they arise. This often means submitting proposals for larger and more complex projects in the construction industry. However, larger opportunities frequently require contractors to have the proper bonding capacity. Bonds provide project owners with assurance that the contractor has both financial … Continued The post How Construction Companies Can Increase Bonding Capacity first appeared on JLK Rosenberger.

Reading Time: 3 minutes 45 seconds In mergers and acquisitions (M&A), contingent consideration is a mechanism used to bridge valuation gaps between buyers and sellers. It involves additional payments made by the buyer to the seller based on the future performance of the acquired business. This approach aligns the interests of both parties and mitigates … Continued The post The Complex Role of Contingent Consideration in M&A Transactions first appeared on JLK Rosenberger.

Reading time: 1 minute 30 seconds We’re attempting to bring humor to the humorless Beneficial Ownership Information (BOI) reporting drama. Enjoy this hot take from our very own Rob Flowers, Tax Director. The recent BOI FinCen reporting soap opera is confusing! On again, off again, it’s akin to a middle school relationship wrought with frustration … Continued The post The BOI FinCEN Soap Opera: A Confusing Legal Affair—Not a Tax Issue first appeared on JLK Rosenberger.