Tax Law Update

The Tax Cuts and Jobs Act of 2017 left many of us with a lot of unanswered questions and uncertainty. Tax Partner, Bernadette Mashas, has been out educating our business community on the potential impact these changes could have on their businesses. Download a copy of her presentation below and contact our offices should you Read More

Follow Construction Accounting Best Practices to Organize Your Financial Statements

Every organization must keep financial statements: a balance sheet, income statement and statement of cash flow. A balance sheet discloses assets and liabilities while an income statement reveals how profitable an organization is. A statement of cash flow traces the sources of cash as well as how it is used. All three financial statements contain Read More

How the Millennial Generation’s Work Ethic Is Changing the Work Environment

Grouping generations of Americans is a loose practice; there are no hard boundaries or cutoff years. The basic range is about 20 years, and the Millennial generation loosely includes those born between 1980 and 2000. With such drastic technological advances being made every day and digital communication being so commonplace, Millennials have become accustomed to Read More

2017 Tax Reform: IRS Clarifies Interest on Home Equity Loans Often Still Deductible

IR 2018-32 In an Information Release, IRS has announced that in many cases, taxpayers can continue to deduct interest paid on home equity loans under the recently enacted Tax Cuts and Jobs Act (PL 115-97, 12/22/2017). Background. Taxpayers may deduct interest on mortgage debt that is “acquisition debt”. Acquisition debt means debt that is: Secured Read More