After much discussion, The House Committee on Ways and Means passed the Tax Cuts & Jobs Act. While we still anticipate changes to this proposal, there are a few items listed that contractors should take note of in the upcoming months.
If you are considering purchasing a new or used truck for your business, the weight and length of the truck will determine the amount you are able to deductin the first year.
With the end of the 2017 calendar year quickly approaching, now is the time for year-end tax planning for both businesses and individuals. Year-end tax planning is the process of evaluating your current business income and estimating what it will be at the end of the year to determine what strategies are available to help reduce your current year taxable income.
What you need to know. The sales tax and use tax rates are both 7% for the state of Mississippi. Sales tax is applied to the sale of tangible personal property and various services. Use tax is applied to goods purchased for use, storage or other consumption in Mississippi.
The Work Opportunity Tax Credit (WOTC) is a federal tax credit offered to encourage businesses to hire individuals from targeted groups. The credit ranges from $2,400 to $9,600 per employee depending on the group the employee belongs to, and there is no limit to the number of credits a company can apply for.
September 21, 2017: Pearl, MS - Join us for breakfast as Brad Pierce from HORNE Cyber discusses cybersecurity threats to the construction industry and common sense ways to protect information. Matt Elkins and Nick Dubuisson from HORNE Construction will also be there to discuss popular technology software and tools to help businesses make better decisions.
Technology and succession planning are two of the biggest trends affecting the construction industry.
Today, cyber crime is less about stealing credit cards and other personal financial information. Attackers today focus on stealing valuable information such as intellectual property, contract pricing and trade secrets. There’s much more at stake today. Cyber crime poses risks to your operations and reputation.
Most construction business owners will spend a lifetime making sure their businesses succeed. After all of your hard work, do you really want to leave the fate of your business in someone else’s hands? As it is likely your largest asset, you’ll want to ensure your business is protected through a detailed estate plan.
It’s critical to plan your exit from the company years in advance to ensure you can depart with confidence. Are you ready to exit?
It’s critical for every business owner to lay out how their business will operate after they leave, a comprehensive succession plan ensures your business survives a change in ownership.
Business continuity is one of the most pressing and under mentioned issues in the construction industry. What will happen to your company, its owners and families when ownership changes?
Value-based pricing ensures you receive exactly what you need to succeed. No surprises. Only satisfaction. And we stand behind our work. Your satisfaction is 100% guaranteed.
FASB issued an Accounting Standards Update intended to improve financial reporting on leasing transactions.
To help close out the month quickly and accurately, a checklist to follow in reconciling/closing out monthly financial statements.
The Affordable Care Act (ACA) is a set of national health insurance reforms that began in 2010. The ACA includes a variety of provisions designed to reform the health insurance market and encourage small businesses to offer insurance.
The Dept. of Labor projects this new ruling will cost employers an estimated $12 billion over the next 10 years.
Do you know the six questions you should be asking?