Construction General
-
Occupational Fraud in Construction
By: Luke Stahelski, MSA, CFE, PI, Manager, SAS Valuation, Forensics, Litigation, Investigations (“VFLI”), Construction Industry While it is important to safeguard your business from malware attacks and phishing attempts from external parties, it is also important not to overlook the potential for occupational fraud. Occupational fraud is fraud that is committed by individuals against organizations that […]
-
In Time for the Holidays, the FASB Proposes an Accounting Standards Update Related to Common Control Leases
Keeping with the Rocky theme, on November 30, 2022, the FASB issued a proposed Accounting Standards Update (ASU) to respond to concerns associate with accounting for common control leasing arrangements. The FASB staff has been working diligently to issue this proposed ASU and they appear to follow the philosophy of Rocky Balboa in the 1976 […]
-
CLA Talks: Big Changes to Sections 45L and 179D
The Inflation Reduction Act, which was signed into law by President Biden on August 16, 2022, provides for substantial enhancements and improvements to two existing tax incentives, Sections 45L and 179D. In our latest CLA Talks recording, Courtney DeVane joins CLA’s Property Brothers, Aaron Woiwode and Jared Woiwode, to discuss the changes, which are expected to generate significant benefits to […]
-
Inflation Reduction Act – Section 179D
On August 16, 2022, the Inflation Reduction Act was signed into law by President Biden. The Inflation Reduction Act provides for substantial enhancements and improvements to two existing tax incentives, Section 179D and Section 45L. The changes are expected to yield significant benefits. We covered the Inflation Reduction Act’s modifications to Section 45L last week […]
-
Inflation Reduction Act – Section 45L
On August 16, 2022, the Inflation Reduction Act was signed into law by President Biden. The Inflation Reduction Act provides for substantial enhancements and improvements to two existing tax incentives, Section 45L and Section 179D. The changes are expected to yield significant benefits. We will cover the Inflation Reduction Act’s modifications to Section 45L this […]
-
IRS Reviving K-2 and K-3 for Partnerships (and S Corporations)
Authored by Perry McGowan : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) Pass-through entities use Form K-1 to report allocable taxable items from the entity to its owners. The K-1, which was traditionally one page, ballooned in 2021 into a compliance barrage of a K-2 and K-3 comprising about twenty pages apiece (filing instructions ballooned as well). As […]
-
Construction Opportunities in The Inflation Reduction Act
Authored by Perry McGowan : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) Breaking a lengthy stalemate and attracting wide publicity, a Senate compromise was announced on July 27th between Joe Manchin (D. West Virginia) and other Democrats. As we mentioned in our previous blog, this Inflation Reduction Act proposal is built on a combination of tax and […]
-
Optimism for Contractors in the Inflation Reduction Act
Authored by Perry McGowan : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) In a July 27th surprise, Senate Democrats reached an intra-party deal with Senator Joe Manchin (D. West Virginia) for proposed tax and economic legislation under the name Inflation Reduction Act of 2022. The Act still has a full gamut of process to navigate in the […]
-
Opportunity Zones Update: Key Dates and Benefits
Please join CLA professionals for this on demand webinar exploring the potential benefits of investing in qualified opportunity funds (QOF) at the following link: Opportunity Zones Update: Key Dates and Benefits : 2022 : Events : CLA (CliftonLarsonAllen) (claconnect.com)
-
CLA Webinar – Managing Sales Tax Compliance
Please join us for the Managing Sales Tax Compliance webinar on Wednesday, May 25th. CLAs Rance Morton : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) and Zach Tyson : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) will discuss managing today’s filing requirements for sales and use tax (SUT), which comes with it’s own set of challenges. Including personnel shortages […]
