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Effective Post-Year-End Tax Planning Strategies for Contractors

The close of a tax year marks the end of a financial chapter for contractors, but it doesn't mean the opportunity for effective tax planning is over. For contractors in the United States, post-year-end tax planning...

Manufacturers: Cut costs by avoiding sales tax overpayments

Controlling costs is always at the forefront of manufacturers' minds, but the current environment makes it particularly critical. With new tariffs going into effect and more being proposed by President Trump,...

A review of inventory accounting for construction companies

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Implications of the New Customs and Tariff Landscape for Global Companies

Preparing for Choppy Waters The recent threat of new or increased tariffs between major world economies has created a volatile situation for companies with multinational operations. Most recently, the United States...

President Trump’s tax plan: What proposals are being discussed in Washington?

President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation that would extend and expand...

Cybersecurity challenges in manufacturing are growing

Cybersecurity is more critical than ever for manufacturers as they increasingly integrate advanced technologies such as the Industrial Internet of Things (IIoT), robotics and automation into their operations. While...

Digital Transformation for Construction Companies

It may sound like something out of a blockbuster science fiction movie: digital transformation. Yet, it's a very real trend in many industries, including construction. The term refers to a business's conscious...

Understanding Debt-Financed Distributions: Allocating and Deducting Interest Expense in Real Estate Partnerships

Pass-through entities, especially partnerships, frequently invest in real estate as a strategic financial move. These entities utilize real estate investments to leverage tax advantages, generate income, and...

Work-in-process: What it means for your manufacturing company’s finances and performance

Work in process (WIP) is a common term in manufacturing, often tossed around loosely. WIP is sometimes used interchangeably with "work in progress." However, WIP has a specific meaning in an accounting context. While...

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