For a majority of owners, their business is their most valuable asset. Financial security for owners in the long run heavily depends on maximizing value and, at some point, converting that asset to cash.
The Employee Retention Tax Credit (ERC) is one of the best opportunities for construction industry companies impacted by the COVID-19 pandemic to recoup wages paid to employees.
The construction industry has faced many different challenges over the past couple of years, including material shortages, new regulations, supply chain issues, and many more. No matter where your construction company is located or how big you are, the effects of the...
Most owners already have a predetermined number in their mind when the time comes to establish the value of a company. They Most owners already have a predetermined number in their minds when the time comes to establish the value of a company.
The new lease accounting rules will have a big impact on the financial statements of construction companies leasing property, equipment, vehicles and other fixed assets.
In their special session ending on June 30, 2021, the Minnesota legislature passed a federal tax conformity bill. Highlights of the bill are summarized here.