Annually, most companies have an audit completed by their CPA for banking, bonding and other users of their financial statements. For most CFOs and controllers,
Three Local Construction Projects Receive Accolades
Engineering News-Record (ENR)* recently announced its 2016 Mid-Atlantic Region Best Projects, and the winners included three local projects. Included among
New Lease Standard and Impact on the Construction Industry
On February 25, 2016, the Financial Accounting Standards Board (FASB) issued its new lease accounting standard, FASB Accounting Standard Update 2016-02
Did you know that Congress recently expanded its definition of qualified property to which bonus depreciation can be applied? Starting in 2016, an improvement
Revenue Recognition, Second in a Series: Back to the Future
As a part of Accounting Standards Update 2014-09 (ASU 2014-09): Revenue from Contracts with Customers, Financial Accounting Standards Board (FASB) entities
Significant Changes to the Use of Bonus Depreciation on Nonresidential Real Property Beginning in 2016
Bonus depreciation, which was scheduled to expire after 2014, was extended through 2019 by the PATH Act. Under the PATH Act, 50 % bonus depreciation applies
Postcard from the PICPA's Annual Construction Update
I recently attended the Pennsylvania Institute of Certified Public Accountants (PICPA) annual construction update. The update focused on several topics,
Planned Community Developers Score Significant Court of Appeals Win
Planned community developers scored a significant win in August when the United States Court of Appeals for the Ninth Circuit upheld a U.S. Tax Court decision
Revenue Recognition, First in a Series: Implementation Guidance
Although the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASU 2014-09), more
The shortage of skilled laborers in the construction industry over the last handful of years has been well documented and well discussed. However, with
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