As a government contractor, understanding your obligations under the Service Contract Act (SCA) is essential. In this blog post, we will provide you with an overview of the SCA, including its requirements and challenges when implementing the standard. We will also discuss how compliance can be achieved and the risks associated with noncompliance.
The rules for deducting meal and entertainment expenses are different in 2023. Browse an overview of common deductible expenses in this article.
The FTC recently issued a consumer alert on the five most troubling myths about investing in a new franchise. Potential franchise investors should consider these myths when evaluating potential investments.
Final IRS regulations will require most social clubs and tax-exempt organizations to rework their unrelated business taxable income worksheets to avoid using an outdated expense allocation method.
Tax-exempt entities may monetize credits under the Inflation Reduction Act under these rules that the IRS released.
Real estate owners and operators are facing many recurring challenges in 2023, like labor shortages and supply chain disruptions, while they also grapple with new issues like ESG reporting requirements, energy resiliency, and more.
By Neena Shukla, CPA, CFE, CGMA, FCPA, CTP | If you have a responsible estimating system, you would typically anticipate recovering all of your direct costs. However, to ensure recovery of your Company’s indirect costs, requires a good budgeting process and established internal controls.
Some of the top issues facing construction contractors in 2023 are the economy, supply chain, higher costs, and labor. Opportunities include hiring women and minorities, sustainable building, construction technology, and more.
Real estate developers can now use a more streamlined approach to capture estimated common improvement costs using the alternative cost accounting method as outlined in new IRS guidance released in January 2023.
The IRS released Notice 2023-43 to provide interim guidance on plan correction changes under SECURE 2.0 until Rev. Proc. 2021-30 (EPCRS) is updated.
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