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The House passes The One, Big, Beautiful Bill Act: An overview of its tax provisions

The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts...

Tax provisions in the proposed One, Big, Beautiful Bill Act that manufacturers need to know about

Manufacturers should keep a close eye on Washington, D.C., this year. Indeed, many of the federal government's proposed tax and spending policies will have a direct impact on the U.S. manufacturing industry. Two top...

Activity-based costing may benefit some contractors

In an uncertain economy, accurate and actionable job cost accounting is more important than ever. If you haven't already, consider using activity-based costing (ABC) to obtain more precise and useful information. ...

Could a PEO help your construction business overcome its HR challenges?

Construction companies operate in a complex environment when it comes to payroll, benefits and compliance. While other types of businesses can compensate most groups of employees under one regular pay rate,...

Keeping manufacturing company owner compensation on the right side of tax laws

Smaller manufacturing companies often operate as S corporations. In many cases, one of the shareholders (or perhaps the only shareholder) also runs the business. It's vital that S corporation owners who work in the...

IRS clarifies theft and fraud loss deductions

The Tax Cuts and Jobs Act (TCJA) significantly limited the types of theft losses that are deductible on federal income taxes. But a recent "advice memo" (CCA 202511015) from the IRS's Office of Chief Counsel suggests...

2 financial planning tools that can help manufacturers weather uncertainty

Manufacturers are facing uncertainty on a variety of fronts. Rapidly shifting tariff policies, supply chain disruptions, fluctuating demand and rising raw material costs are likely among the factors creating shaky...

How Contractors Can Increase Bonding Capacity

Bonding capacity plays a critical role in helping construction companies qualify for larger projects. It signals financial strength, project stability, and reliability to both clients and surety providers. If the...

Contractors can calculate KPIs, too

Successful companies of all types use key performance indicators (KPIs) to monitor their financial health and spot red flags. Well, you know what? Construction businesses can do it, too. And you should. Let's review...

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