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Alerts

Construction Industry Alert: How to Prepare for Your Construction Company’s 401k Audit

June 17, 2015

An increasingly healthier economy means that revenues, profits, and, consequently, workforces are growing in many construction companies. As your workforce continues to grow, you may face an audit requirement for your 401k… View

Expanded Foreign Reporting Requirement (Form BE-10) Due May 29, 2015

May 27, 2015

As if there weren't enough tax filing requirements for U.S. persons with foreign investments, add a non-tax filing for the U.S. Department of Commerce's Bureau of Economic Analysis (BEA). Every five years, the BEA conducts… View

Maryland Tax Amnesty Program Commencing September 1, 2015

April 24, 2015

Maryland has enacted another tax amnesty program, which will commence on September 1, 2015. It will allow qualified taxpayers the opportunity to avoid civil penalties and one-half of the interest due on unreported, underreported,… View

Construction Industry Alert: How Construction Companies Can Expand Bonding Capacity

April 21, 2015

It is very important for construction companies to have bonding capacity during this ongoing period of economic recovery. Bonding capacity gives a project owner faith in a contractor’s ability to fulfill the terms of the… View

Defined Benefit Plan Trends and Strategies

February 26, 2015

Corporate pension plan sponsors often face difficult decisions associated with the management of their defined benefit plans. Many factors that determine the projected benefit obligation are out of management’s control and can… View

7 Ways to Save Money with the New IRS Repair Regulations

February 2, 2015

The IRS and taxpayers have been at odds for years about how to determine whether an expenditure should be capitalized or treated as a repair and maintenance expense. Last year, the IRS published final rules - informally known… View

Construction Industry Alert: New Year’s Resolution: Review the Security of Your IT Infrastructure

January 12, 2015

Given the highly publicized IT security breaches that have taken place in the past year, now is the perfect time to assess the safety and security of your company’s IT infrastructure. Workplace technology is constantly… View

Employee Benefit Plan Alert: 2014 Year End Plan Sponsor To Do List

December 19, 2014

As we approach the end of 2014, sponsors of qualified plans may be interested in the following to-do list with action items to focus on before the end of the year or in early 2015: Amend the plan to comply with United… View

Construction Industry Alert: Take a Fresh Look at Your Accounting Method to Reduce Your Tax Burden

December 15, 2014

A few years ago, many contractors’ backlogs were significantly reduced as a result of shrinking demand and increased competition. Volumes decreased significantly, leading to cost cutting and size reductions in order to survive.… View

Government Contracting Industry Alert: Proposed Amendment to Business Systems Rule

August 18, 2014

The Government Accountability Office (GAO) recently issued a report that found the Defense Contract Audit Agency's (DCAA) inability to complete business systems audits was negatively impacting the Defense Contract Management Agency's… View