Construction

The Contractor’s Guide to State Sales Tax Audits

Posted in Accounting, Audit and Tax | State & Local Tax | Construction on April 20, 2015

The overwhelming feeling of dismay is not unusual when it comes to state sales tax audits. The process can often be time-consuming and expensive. Many contractors do not fully understand their responsibilities in regards to state sales tax and the risk in determining the proper amount to collect and self-assess. [More]

7 Ways to Determine if You Need a New Job Infographic

Posted in Advisory | Agriculture | Careers | Construction | Government | Healthcare | Manufacturing & Distribution | Not-for-Profit | Oilfield Services on April 2, 2015

Are you happy and fulfilled in your career? Have you considered another role, company or industry? [More]

Risk Assessments and Their Importance to Your IT Security Strategy

Posted in Agriculture | Construction | Government | Healthcare | Higher Education | Managed Services | Managed IT Services | Managed Security | Manufacturing & Distribution | Not-for-Profit | IT Consulting | Security | Strategic IT Planning on March 16, 2015

Understanding and assessing risk is a fundamental way to improve information security decisions. While it is impossible to eliminate all the risks associated with systems and sensitive information in an environment, employing a risk management program helps focus limited resources to provide the greatest level of risk reduction. [More]

Don't Get Caught Off Guard with Windows Server 2003 End of Life

Posted in Supply Chain | Agriculture | Construction | Healthcare | Managed Services | Managed IT Services | Core Technology | Manufacturing & Distribution | Not-for-Profit | Oilfield Services | IT Consulting | IT Infrastructure | Strategic IT Planning on March 10, 2015

Companies and organizations running Windows Server 2003 need to start thinking and acting on plans to upgrade their systems. [More]

Is Your Construction Company’s Accountable Reimbursement Plan Compliant?

Posted in Accounting, Audit and Tax | Federal Tax | Construction on February 18, 2015

Not long ago, the IRS released Revenue Ruling 2012-25, which serves as a reminder of the rules to employers whose accountable reimbursement plans may have fallen out of compliance. [More]

Are You Burning Money with Unrealistic RPOs and RTOs?

Posted in Agriculture | Construction | Government | Managed Services | Managed IT Services | Manufacturing & Distribution | Not-for-Profit | Oilfield Services | Technology | IT Consulting | IT Infrastructure | Strategic IT Planning on February 13, 2015

What happens when a major event or catastrophe happens to your organization’s network? It’s time to follow the Recovery Point Objective (RPO) and Recovery Time Objectives (RTO) protocols. [More]

Small Tools, Big Deal: A Contractor’s Blueprint to Accountable Reimbursement Plans

Posted in Accounting, Audit and Tax | Construction on January 30, 2015

Small tools are an unavoidable expense in the construction business, and like many contractors, you’ve probably considered creating an “accountable” plan to reimburse employees for their small tool purchases. Although the dollar amounts of these items may be relatively low, getting an accountable plan right is a big deal come tax time. [More]

Don’t Get Tangled Up in Stringing

Posted in Accounting, Audit and Tax | Financial Reporting | Business Valuation | Dispute Advisory | Forensic Investigation | Fraud Services | Local Government Management Services | Construction | Government on January 22, 2015

Trust is a solid cornerstone of business. It’s something that’s been a constant since the first person sold the first thing. Also a constant is the fraudsters who like to exploit that fact for personal gain. [More]

How Microsoft Dynamics GP is Preparing Users for Affordable Care Act Reporting

Posted in Supply Chain | Agriculture | Construction | ERP & CRM Software | Accounting & ERP Software | Microsoft Dynamics GP | ERP Software | Government | Healthcare | Manufacturing & Distribution | Not-for-Profit | Oilfield Services on January 21, 2015

While some play catch up after the hectic holiday season, many employers have turned their attention to the Affordable Care Act (ACA) and how they will prepare themselves for the mandatory reporting requirements. These requirements should necessitate the attention and preparedness of employers sooner rather than later. [More]

Illinois DOL Issues New Reporting Requirement for Construction Companies with January 31 Deadline

Posted in Accounting, Audit and Tax | State & Local Tax | Construction | Government on January 16, 2015

The misclassification of employees as independent contractors has especially been a problem in Illinois with more than 9,000 workers in the state having been misclassified in 2013, making it second in the country when it comes to the number of misclassified workers. According to the Illinois Department of Employment Security, these misclassifications resulted in more than $2.3 million in unreported taxes. [More]

IRS Pronouncements Tighten Rules Surrounding Foreign Transactions

Posted in Accounting, Audit and Tax | Accounting Services | Audits | Tax | International Tax | Supply Chain | Agriculture | Construction | Government | Manufacturing & Distribution | Not-for-Profit | Oilfield Services | Real Estate on January 12, 2015

As foreign countries continue reducing their tax rates, the pressure is on domestic companies to either repatriate foreign earnings through complex transactions or consider inversion. The Internal Revenue Service (“IRS”) recently issued two notices that tighten the rules surrounding any cross-border transaction that could be perceived as abusive. [More]


4 Game-Changing Features of Microsoft Dynamics GP 2015

Posted in Supply Chain | Agriculture | Construction | ERP & CRM Software | Accounting & ERP Software | Microsoft Dynamics GP | ERP Software | Government | Healthcare | Manufacturing & Distribution | Technology on December 30, 2014

As Microsoft Dynamics GP continues building a comprehensive business management solution for small and midsized companies, the Dynamics GP 2015 release provides users with several improvements, including stronger core functionality. [More]

Are You Ready to Gift Family-Owned Business Stock Before 2014 Ends?

Posted in Accounting, Audit and Tax | Financial Reporting | Employee Benefit Compliance | Advisory | Business Consulting | Agriculture | Construction | Manufacturing & Distribution | Not-for-Profit | Oilfield Services | Real Estate | Retail on December 29, 2014

The end of any year is a prime time for families to think about matters that have traditionally been quite sensitive—compensation and ownership transfer, for example. If this is the time for you to consider transferring ownership of your family-owned business, one way to do so is through gifting of the business’ stock. [More]

How to Conquer Your Career Goals in the New Year

Posted in Advisory | Staffing | Construction | Manufacturing & Distribution | Not-for-Profit | Oilfield Services on December 23, 2014

As much as I do not like waiting until the first of the year to start anew, the New Year makes it easier to stop or start a new habit and create personal and professional goals for the year ahead. The key for many of us is to set something attainable (but not easy), rather than something far-reaching. [More]



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Disclaimer: This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.