Agriculture

Construction

Employers can minimize their compliance and audit risks by meeting the recordkeeping requirements of the Internal Revenue Code (IRC). The IRC requires all employers that withhold and pay federal income, Social Security and Medicare taxes to maintain certain records for each employee. Failing to meet these recordkeeping requirements can mean big penalties, not to mention

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The construction industry is enjoying a time of robust growth. According to FMI, Total construction put in place estimates for the U.S. project positive momentum in the top three categories, residential, non-residential, and nonbuilding structures, over the next 5 years Top-performing segments (+5% or more) include office, educational, public safety, transportation, manufacturing, highway and street,

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The end of the London Interbank Offered Rate (LIBOR) is approaching quickly. LIBOR is to be phased out by the end of 2021 and will be replaced by another benchmark rate. LIBOR is an interest rate calculation used globally. Floating Rate Notes use the LIBOR as a reference for calculating the coupon rate. LIBOR reflects

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The Qualified Opportunity Zone Program will only work if investors can confidently follow the breadcrumbs to their prize. Regulatory confusion has kept many investors paralyzed in uncertainty. In the update below, we provide an overview of the highly sought-after guidance, which was released by the Internal Revenue Service (IRS) and the US Treasury Department on

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The Opportunity Zone Provision gives taxpayers an option to defer recognized capital gains by investing in a Qualified Opportunity Zone Fund (QOZF). The Opportunity Zones provision is based on the bipartisan Investing in Opportunity Act, which defines Opportunity Zones (OZ) as low-income census tracts that have been nominated by governors and certified by the U.S.

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Much of today’s workforce is part of a growing gig economy. According to a study by Intuit Inc., by 2020 40% of the American labor market will be considered independent contractors. Contract employment can have many perks such as safeguarding a business against the high cost of benefits, office space and taxes. Becoming an independent

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The thought of being selected for an audit keeps many business owners up at night. But did you know the Internal Revenue Service (IRS) won’t arbitrarily make your company the subject of an audit investigation? According to IRS.gov, out of the 196 million returns filed in 2016, only 1.1 million (0.5%) came under examination in

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The widespread media coverage of natural disasters has left business owners with little excuse to be unprepared for hurricanes, tornadoes, earthquakes, forest fires, floods, and super storms. These calamities can strike wherever and whenever, and while there is no preparation for the physiological impact of a disaster, there is a way to give your business

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As a business owner, it is important to be able to read and understand the accounting terms found in your financial statements. Once you understand the basics of the financial statements, you can interpret what they mean to your organization’s financial health. Understanding your Financial Statements A Statement of Financial Position, also known as a

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