By Joy McAdoo, CPA Keeping tabs on direct construction costs for a project is pretty straightforward. Take your materials costs, for instance: X number of beams used on the project multiplied by cost of each beam = total cost. Easy! Dealing with indirect construction costs, however, can be another story. Indirect costs relate to the […]
States Respond to Supreme Court Sales Tax Decision
By Todd J. Koch, CPA, MBT, CFP® Since the decision in the South Dakota v. Wayfair case, states are continuing to determine their position. Many states already had economic laws in place and others introduced hard to understand requirements which includes noncompliance penalties. There are several different factors states are considering and it is important […]
What To Do If You’re Facing an IRS Audit
By Matt Luckmann, CPA Receiving an audit request from the IRS can, understandably, cause your blood pressure to spike. But there’s no need to panic—it doesn’t necessarily mean you did something wrong. Here’s a quick look at why you might be selected, and what you should know if you are. First, let’s talk about why […]
5 Simple Accounting Tips for Small and Midsize Businesses
By Kelli Lind, CPA If you’re the owner of a small or midsize business, your to-do list never ends. There are customers to serve, projects to navigate, and employees to manage. And that’s just the tip of the iceberg. There’s another checklist to think about, too—the one that includes everything you have to do to […]
Bookkeeper vs. Accountant: Which is right for your business?
By Teri MacNabb, CPA Part of owning a business is managing its finances. But if you’re up to your eyeballs in account entries, you may want to bring in someone to help. So, do you hire a bookkeeper or an accountant? The short answer: It depends. If you simply need someone to enter day-to-day transactions […]