Should you convert your LLC into an S Corporation? The federal self-employment (SE) tax just keeps going higher and higher. If you’ve reached the breaking point, there may be a way to tame the SE tax beast by converting your existing unincorporated small business into an S corporation. How to evaluate the option If you’re a […]
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How to Fight Internal Fraud Quarter million (plus) in losses! Internal fraud drains more than $3.7 trillion annually from global businesses, according to an estimate by the Association of Certified Fraud Examiners (ACFE). The median loss from internal fraud at companies in the construction industry is $259,000, according to ACFE’s latest Report to the Nations.
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Want guaranteed profits? Manage your job costs! Job costs are the lifeblood of your construction business and accurately estimating them will determine if a project will make money. Managing job costs across the life of the project will ensure that your firm makes money on every job. Moreover, those job-by-job profits make the office and
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Pay Tax on Social Security Benefits? If you’re nearing retirement, you may wonder: Will I have to pay taxes on my Social Security benefits? And if so, how much will you have to pay? It depends on your other income. If you owe taxes, you may have to pay tax on 50% to 85% of
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Do you have tax questions related to COVID-19? The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed the office and I’m working from home. Can I deduct any of the related expenses? Unfortunately, no. If you’re an employee who telecommutes,
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