by Benjamin R. Bostic In an ongoing effort to remove inconsistencies in how companies report revenue on their financial statements, the new, revenue-recognition accounting standard requires construction companies to take a closer look at how they recognize contract revenue – and in some cases significantly change back-office procedures. The standard, developed jointly by the Financial […]Read More
Wondering if cost segregation study is right for you? Consider the rate of return.
For example, one client said: “I am dropping more than $750,000 on my retail space renovation. Who cares if a cost segregation study accelerates depreciation from 39 years to 15 years or 7 years? The time value of money is next to nothing.”Read More
When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs (though of course the specific rules are more complex). If when filing your 2014 income tax return you’ve found that your business had an NOL, there is an upside: tax benefits. When a business incurs a qualifying NOL, the loss […]Read More