Plan Correction Programs

Many companies offer a retirement savings program as a benefit for existing employees and as an incentive to prospective employees. While these plans have become the standard for most companies, 401(k), 403(b) and pension plans can be difficult to manage.

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State Tax Amnesty Programs in 2018

Most business owners and managers are focused on seeking new ways to grow their companies through market expansion, increased margins or new service and product offerings. As a part of these efforts, attention must be given to talent acquisition and retention, new facility development, equipment purchases and in some cases even a merger or acquisition.

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Don’t Miss the W-2 and 1099-MISC Deadlines

Each company employee should be provided with a W-2 form. 1099-MISC forms are issued to any supplier, vendor or service provider the company has paid $600 or more per year for services rendered. This can include rent, independent contractor services, other income, prizes, medical and healthcare payments, fishing boat proceeds and payments to an attorney.

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2018 Construction Technology Trends

Advancements in technology have helped many companies create, refine and enhance their businesses to reach new levels of innovation, efficiency and profitability. Every day new devices, software, processes and products enter the market to help businesses function more efficiently and at a lower cost. Construction companies are finding that many of these advances have a practical application in their businesses.

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Business Tax Reform Progresses – The Senate Tax Bill

In early November, the Trump administration along with the House Ways and Means Committee released their tax reform legislation known as the Tax Cuts and Jobs Act. The legislation largely followed the tax reform framework issued by the White House in September calling for a reduction in the corporate tax rate and elimination of the estate tax, among other things.

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Impact of Tax Reform on Individuals

Earlier this week the Trump administration along with the Ways and Means Committee published the Tax Cuts and Jobs Act. This legislation is based on the tax reform framework issued by the White House in September and focuses on delivering significant reform to the tax system.

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Tax Reform – Impact on Businesses

Earlier this week the Trump Administration along with House Republicans published the Tax Cuts and Jobs Act. This legislation is based on the tax reform framework issued by the White House in September and focuses on delivering significant reform to the tax system for both businesses and individuals.

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2018 Benefit and Contribution Limits

The IRS annually reviews the limits placed on various employer-sponsored retirement and welfare plans, IRA contributions and the Social Security wage base. Figures are evaluated to determine if an adjustment is needed based on cost-of-living index statutory thresholds.

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Overcoming Common Estimating Challenges

To the delight of company owners and managers, the construction industry is currently in a period of growth. Government agencies, corporations, real estate companies and others are launching new construction projects which require skilled labor to complete. While growth and opportunity are almost always welcome, regardless of the industry, it can come with unexpected challenges.

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