By Bill Constantopoulos Gray, Gray & Gray, LLP As your construction business grows and evolves, your needs change. This holds particularly true for financial management systems. If your business started small, you may have initially chosen a software solution appropriate for startups and small businesses. But over time, as your business operations have expanded, you …
By Nathaniel C. Gravel, CISA, CISM, CRISC Forget ransomware. The latest cybersecurity threat could compromise the integrity of construction materials, creating the danger of structural collapse. According to an article on the Cybersecurity Dive website, online programs and automated systems used to control the manufacture and testing of construction materials have become targets for cyberattack. …
Cyber Attacks Could Pose Threat to Materials Integrity Read More »
Research & Development Credits are not just for scientists and software developers By Bradford G. Carlson; Paul J. Gerry, Jr., CPA, PFS; Martin E. Prendergast; Karen G. Timmermans, CPAGray, Gray & Gray, LLP If you think the Research & Development Tax Credits offered by the federal government are just for high technology, life sciences or computer …
Does Your Architectural or Engineering Firm Qualify for R&D Tax Credits? Read More »
By Derek B. Rawls, CPA, MSTGray, Gray & Gray, LLP American companies exporting goods – and certain services – may be able to enjoy significant federal income tax savings through a little-known instrument known as an interest charge domestic international sales corporation (IC-DISC). You do not need to be a huge exporter to take advantage …
What is an IC-DISC and How Could It Save You Tax Dollars? Read More »
It is important for to keep your company’s name consistently in front of the public, particularly in a competitive business environment. It can be helpful to be innovative in your marketing and promotional techniques, but where do you draw the line? In a recent case, the Tax Court upheld more than $160,000 in deductions over …
Tax Court Revs Up Deductions for Promotional Expenses Read More »
Unlike business people in most other walks of life, contractors and construction workers typically work at several sites during the year, while maintaining a home base. If you work in the industry, you are frequently out in the field or taking meetings with customers, incurring substantial travel and entertainment (T&E) expenses. Of course, qualified T&E expenses are …
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