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What You Need to Know About the Incoming Tax Law

The tax reform legislation that Congress approved earlier this week was the largest change to the tax system in over 3 decades. The last time the U.S. tax code saw such a significant reform was under President Reagan in 1986. Those reforms sought to simplify income tax, broaden the tax base and eliminate many tax […]

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2017–2018 Tax Planning Guide

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning—estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you, we’re pleased to present this tax planning guide. It points out some possible tax law changes […]

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Five Year-End Planning Strategies for Contractors

As we creep toward the end of the year, now is the time to consider tax strategies and financial statement performance for your operation. There are different tax methods available and unlike many industries, construction can choose more than one.  Working closely with your accounting professional is key in determining how your chosen strategy will […]

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Common Accounting Mistakes Contractors Make

Accurate financial statements are imperative to the success of your operation. Lenders and bonding companies depend on financial statements when determining the liability, they are willing to take with any operation. Bookkeeping and accounting aren’t necessarily a strength for many contractors, which is why companies employ the help of accounting professionals. Your accountant is responsible […]

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What Is Blockchain and How Will It Change Accounting?

Like it or not, blockchain is here to stay, and accounting is one industry that is sure to see disruption. Blockchain began as the technology behind Bitcoin, the most popular cryptocurrency. A distributed ledger technology, Blockchain is a database that everyone can access. Essentially, this new crypto-technology enables secure-funds transactions and ensures that data cannot […]

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