OBBBA created temporary deductions for tips and FLSA overtime, but payroll taxes and withholding still apply. Learn what counts, who qualifies, and how employers should track and report amounts for 2025–2028.
Payroll Tax Implications of New Tax Breaks on Tips and Overtime Read More »
The One Big Beautiful Bill Act (OBBBA) reinstated the immediate deduction for U.S.-based R&E expenses effective for 2025.
New Rules Could Boost Your R&E Tax Savings in 2025 Read More »
Construction companies can improve liquidity with nine tactics—from 13-week forecasts and upfront billing to KPI tracking and financing strategy—plus advisor support to tighten AR, reporting, and banking.
9 Cash Flow Tips for Construction Businesses Read More »
By purchasing stock in certain small businesses, you can diversify your investment portfolio. You also may enjoy preferential tax treatment, some of which is getting even better under the One Big Beautiful Bill Act (OBBBA) that was signed into law in July: Qualified small business (QSB) stock now offers more tax-saving opportunities. QSB defined A QSB generally is a U.S. C corporation that meets two requirements, one of which has been eased by the
Investing in Qualified Small Business Stock Now Offers Expanded Tax Benefits Read More »
It’s been about a month since the One, Big, Beautiful Bill Act (OBBBA) was signed into law. Now that the dust has settled, construction business owners and their leadership teams can begin to really pinpoint the provisions most pertinent to their operations. Here are six to study up on. 1. Accounting exemption For tax years beginning on or after July 4, 2025, contracts entered into for residential construction projects, per the amended definition under the OBBBA, generally qualify for an
6 Pertinent Provisions Of The OBBBA For Construction Companies Read More »
Businesses with more than one owner benefit from having multiple viewpoints and varying skill sets. However, they also face serious risks of uncertainty and conflict if one of the owners suddenly departs or undergoes a major life change. A carefully crafted buy-sell agreement can guard against these risks — if it’s securely funded. Transfer guidelines A “buy-sell” (as it’s often called) is a legally enforceable contract among a company’s owners that sets guidelines for
How Businesses Can Fund A Buy-Sell Agreement Read More »
The One Big Beautiful Bill Act (OBBBA) introduces a new — but temporary — tax break for manufacturers. The qualified production property (QPP) allowance gives manufacturers a strong incentive to make capital investments in new production facilities. Here’s what you need to know. Bonus depreciation for QPP Generally, first-year bonus depreciation is limited to tangible property with a recovery period of 20 years or less. But the OBBBA adds Section 168(n) to
As its name suggests, a living trust (also known as a revocable trust) is in effect while you’re alive. It’s a legal entity into which you title assets to be managed during your lifetime and after your death. As the trust’s grantor, you typically serve as the trustee and retain control over the assets during your lifetime. Thus, you can modify or revoke the trust at any time, allowing for adjustments as circumstances or intentions change. Let’s take a closer look at why you should consider including one in your estate plan. Setting up a living trust To create a living trust,
Should a Living Trust Be Part of Your Estate Plan? Read More »
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the level of administrative complexity and regulatory compliance obligations. While legal liability considerations also matter, we will focus on tax implications. For liability advice, consult a legal professional. Whether launching a new venture or reassessing your current structure, understanding how each entity is taxed can help you make strategic and compliant decisions. Here’s a brief overview of five
A Tax Guide to Choosing the Right Business Entity Read More »
For many businesses, accounts receivable (AR) is one of the largest assets on the balance sheet. It represents the cash you’ve earned but haven’t yet collected. Efficient AR management is critical for maintaining healthy cash flow, reducing bad debt and fueling growth. But a key question often goes unasked: How do your company’s receivables compare to others in your industry? This is where benchmarking comes in. Why benchmarking matters Benchmarking is the process of comparing your company’s financial and operational metrics against those of peers in your industry. For receivables,
Receivables Rx: Key Metrics To Assess The Health Of Your Cash Flow Read More »
