Managing cash flow is a vital part of running a business. It can also be one of the most challenging aspects. Accurate data on how much money a business is bringing in (accounts receivable) and how...
The construction industry saw a strong rebound from COVID and showed strong performance throughout 2023. This was bolstered largely on the strong growth in U.S. gross domestic product in both Q3 and...
The Accelerating Charitable Efforts Act was introduced in 2021 as a proposed means of reforming tax laws related to charitable donations, private foundations and Donor-Advised Funds (DAFs). For...
The IRS officially began accepting returns for the 2023 tax year at the end of January 2024. This gives taxpayers several months to complete their returns or submit an extension request. Every year,...
PRESS RELEASE DALLAS – March 1, 2024 – Lane Gorman Trubitt (LGT) today announced it has been named to the Best Places to Work in Texas 2023 list by Best Companies Group, a BridgeTower Media Company....
The Employee Retention Credit (ERC) was a refundable tax credit developed during the COVID-19 pandemic to aid businesses and tax-exempt organizations that continued paying employees if their...
The IRS will audit a tax return for many reasons, including bad luck. Math errors, inconsistent information, and high deductions might also trigger an audit. While audits can be intimidating, the...
The New Markets Tax Credit (NMTC) was established in 2000. The credit has been used to incentivize investors to finance and start projects in low-income communities. New investments in these areas...
The manufacturing industry will face several changes in federal tax law in 2024 thanks to the Tax Cuts and Jobs Act (TCJA) of 2017. New or expanded tax credits are also available to encourage certain...
Form 1099-NEC Form 1099-NEC is required to be issued if the small business owners or sole proprietors paid at least $600 for services performed by contractors within the calendar year. It reports the...
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