The Tax Cuts and Jobs Act (TCJA) of 2017 made sweeping changes to the Internal Revenue Code (IRC). It lowered tax rates for individuals, businesses and families. Some provisions of the statute are...
Keywords: Exempt: Paid a salary, not eligible for overtime due to being classified as executive, professional, administrative, or outside sales. Non-Exempt: Eligible for overtime pay for any hours...
The Inflation Reduction Act (IRA) of 2022 contains numerous provisions that create or expand tax incentives for the use of and investment in clean energy technologies. In the past, these benefits...
Across the country and across many industries, there is an ongoing need to innovate. Of course, coming up with the next big thing often requires a great deal of investment, time, research and...
Successful construction companies depend on creating accurate estimates for bids and projects. Estimates need to be accurate since profit margins are typically razor thin in this industry. A slight...
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....