Leveraging General Asset Accounts in Building Demolition Strategies
GAAs offer a strategic solution for real estate developers facing tax implications of building demolition, particularly concerning Section 280B. However, implementation requires careful consideration of timing, rules, and financial analysis.
How Outsourced Accounting Solutions Can Boost Your Bottom Line
Many companies outsource their accounting function primarily as a cost-saving strategy. However, there are a variety of other benefits outsourcing can provide, including the sophisticated insights it can uncover. These insights include customized industry solutions and analytics that can help drive profitability.
3 Areas of Accounting & Finance That Can Be Outsourced
Learn more about what you and your organization can accomplish when you outsource all or part of your accounting and finance functions.
Transferring Federal Energy Tax Credits
The Inflation Reduction Act introduced transferable federal energy tax credits, with guidance for implementation released mid-2023. This clarifies the process for transferring energy-related tax credits and aims to promote growth in the clean energy sector.
The Key Functions of Your Nonprofit Board
Nonprofit board service can be as exhausting as it is rewarding. Whether you are on a board yourself, thinking about joining a board, or seeking to improve the one you sit on, here are three things that high-functioning nonprofit boards get right.
Davis-Bacon Act Updates Add Liability, Definitions for Federal Construction Contractors
The DOL's overhaul of the Davis-Bacon Act in October 2023 brings substantial changes to federal construction contractors. These revisions include prevailing wage adjustments, increased contractor liabilities, and apprenticeship mandates.
