Don’t Take the Cash (or any Relief of Liabilities): 1031 Exchange Rules

1031 exchanges are a popular tax deferment strategy for real estate investors. Certain scenarios can trigger capital gains tax. Learn what they are and how to avoid these common pitfalls.

2023-04-04T14:32:31-04:00April 4, 2023|Categories: Construction and Real Estate|Tags: , |

What Government Contractors Need to Know about PTET

Understanding the rules and laws governing PTETs and various state rules, as well as GAAP guidance, can help make sure government contractors remain compliant and efficient.

Two-for-One Rate Buydown for Real Estate Developers

Mortgage rates may be trending downward, but they’re still about double what they were a year ago. As potential home buyers are looking for ways to better manage the higher costs of purchasing a home, one option is the 2/1 rate buydown.

2023-03-22T09:50:53-04:00March 23, 2023|Categories: Construction and Real Estate|Tags: |

CFO Insights after the SVB Collapse

This blog will help CFOs and business leaders understand what led to the Silicon Valley Bank collapse, what to do next, how to protect their companies from similar risks, and what to expect going forward.

2023-09-22T14:05:09-04:00March 16, 2023|Categories: Cloud Accounting, Consulting, Financial Institutions|Tags: , |

Accounting System Compliance – Foundation for Success

An accounting system for government contractors is composed of a general ledger, unallowable costs, job costing, labor collection, indirect cost allocation, and billing. An accounting system does not equate to accounting software; it is the process, including written policies and procedures.

2023-03-22T12:27:54-04:00March 14, 2023|Categories: Government Contracting|Tags: |

401(k) Plan Participant Loan Year-End Review

Too often, we find participant loans that were never set up in payroll or where payroll withholding of repayments ceased prematurely, resulting in defaulted participant loans. For calendar year-end plans, plan sponsors have until March 31 of the following year to correct the failed set up of a participant loan. 

2023-03-10T09:10:53-05:00March 9, 2023|Categories: Employee Benefit Plans, Plan Design and Administration|Tags: |

How Is Recent Legislation Impacting Construction and Real Estate? A 2023 Outlook

Three large pieces of legislation have been passed in the last 15 months with a collective goal of revitalizing and revamping domestic infrastructure, advanced manufacturing, and clean energy. There are many various impacts to the construction and real estate industry.

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