The Tax Cuts and Jobs Act (TCJA) changed some important aspects of the tax law for construction contractors regarding the accounting for long-term contracts.  Any contract that is started in one year and ends in another is considered a long-term contract. Long-term contract...

With all the new tax law issues to address, one of the provisions from way back in 2015 is going to affect the tax filings and responsibilities associated with partnerships starting in year 2018. The Bipartisan Budget Act of 2015 (BBA) established a new audit regime for par...

Many businesses have found it difficult to fully commit to the cloud for a variety of reasons — including complexity of choices and security concerns. If your company has struggled to make a decision in this area, a hybrid cloud might provide the answer....

The decision to work after “normal” retirement age is one that more and more of us are facing these days and for a variety of reasons. Here at BB we are asked the “should I retire question” frequently as more of our clients are facing possible retirement. We counsel ...

Protecting your company through the purchase of various forms of insurance is a risk-management necessity. But just because you must buy coverage doesn’t mean you can’t manage the cost of doing so.  Obviously, the safer your workplace, the less likely you’ll incur cos...

When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established itself, those same owners might start looking at their buying constituency a little more critically.  If your business has ...

Percentage of completion is the long-term construction contract method that is the most common and generally the best understood of all methods for recording construction contracts....

Is your sales process getting off-balance? Sometimes it can be hard to tell. Fluctuations in the economy, changes in customer interest and dips in demand may cause slowdowns that are beyond your control. But if the numbers keep dropping and you’re not sure why, you may nee...

Considering a Gift to a Relative or Charity?  If you want to make gifts to favorite relatives or charities, a great strategy to consider is gifting stocks or mutual funds. Let’s review some solid principles to use while gifting equities. Don’t give away loss positions ...

You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors or simply executing its own strategic plans.  One way to e...

Like many business owners, you probably created a business plan when you launched your company. But, as is also often the case, you may not have looked at it much since then. Now that fall has arrived and year end is coming soon, why not dig it out? Reviewing and revising a ...