Bankruptcy Challenges for Construction Contractors Post-COVID

Construction bankruptcy filings are trending up due to volatility in the supply chain, labor market, and economy. Guaranteed payment, one of the factors affecting contractor cash flow, is now protected in Virginia as it is in North Carolina.

2023-05-16T17:17:49-04:00May 17, 2023|Categories: Construction and Real Estate|Tags: |

Grants Administration Best Practices: Maximize Benefits and Minimize Risk

Failure to comply with grants administration requirements is common but often unintentional. The source of the problem is typically a lack of communication or misunderstanding of compliance requirements. We’ve summarized the list of GFOA best practices for grants administration below.

2023-05-16T13:58:49-04:00May 11, 2023|Categories: State and Local Government|Tags: , |

Is My Research and Development Expense Allowable under FAR?

In this blog post, we'll take a look at what types of research and development expenses can be considered allowable under the FAR, as well as some tips for ensuring that your expenses meet the criteria.

2023-05-12T15:03:34-04:00May 9, 2023|Categories: Government Contracting|Tags: , |

Changes to 179D in the Inflation Reduction Act

179D, a popular energy efficiency tax incentive, has been expanded and upgraded in 2022’s Inflation Reduction Act. From new deduction amounts to prevailing wage requirements, learn about changes to 179D.

2023-06-01T14:27:43-04:00May 2, 2023|Categories: Construction and Real Estate, Tax: Business|Tags: , , |

Analyzing Indirect Rate Changes – Base or Expense?

Budget variances will happen.  When they do, it is critical to profitability to understand what is causing the variance so that it can be considered in your budgeting process going forward or operationally corrected.

2023-04-27T14:48:49-04:00April 27, 2023|Categories: Government Contracting|Tags: |

Will New Rules Exempt Your Benefit Plan from the Annual Audit Requirement?

On February 24, 2023, the Federal Register announced changes to the 2023 Form 5500. One significant change was in the method for determining which employee benefit plans will require an audit for 2023.

2023-04-26T17:15:39-04:00April 26, 2023|Categories: Audit & Assurance, Employee Benefit Plans|Tags: |
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