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News

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3 critical questions to ask when acquiring construction equipment

Acquiring equipment is a major strategic decision for small to midsize construction businesses. It affects everything from bid selection to cash flow management to financial stability. Whether buying or leasing makes...

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Reducing waste in your manufacturing company can boost profitability

Reducing or eliminating waste in your manufacturing company is fundamental to building a more efficient, profitable and resilient operation. Waste — whether it appears as excess material, unnecessary motion,...

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Navigating Elder Care: Funding Options and 2025 Tax Strategies for Caregivers

Planning for elder care involves both emotional and financial considerations. With rising costs and evolving tax laws, understanding how to fund care and leverage available tax benefits is essential. Many individuals...

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Create a succession plan today to prepare your manufacturing company for tomorrow

Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and grooming future leaders early — whether family members, internal managers or an outside...

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Contractors: How’s your succession plan coming along?

Contractors: How's your succession plan coming along? A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% of contractors who responded...

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4 year-end planning steps to trim your 2025 taxes

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly...

New tax-saving opportunities may attract funding for manufacturers that build in rural Qualified Opportunity Zones

New tax-saving opportunities may attract funding for manufacturers that build in rural Qualified Opportunity Zones

The Qualified Opportunity Zone (QOZ) program, created by the Tax Cuts and Jobs Act, was slated to expire after 2026. The One Big Beautiful Bill Act (OBBBA), however, extends and expands it. The QOZ program...

OBBBA & The Completed Contract Method for Residential Construction Clients

OBBBA & The Completed Contract Method for Residential Construction Clients

The construction industry is experiencing a major change with the recent tax updates. The recently enacted One Big Beautiful Bill Act (P.L. 119-21) expands the Completed Contract Method (CCM) of accounting to...

Fraud Risk, Prevention, and Detection: Why It Matters for Your Business

Fraud Risk, Prevention, and Detection: Why It Matters for Your Business

Fraud poses a serious threat to businesses of all sizes due to its potential to drain resources, damage reputations, and disrupt operations. Studies consistently show that lack of strong internal controls is a...

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