Avoid Unnecessary State Tax Burdens with a Nexus Study
If your company does business online or operates in multiple states, then nexus probably isn’t a new term to you. However, states are continuously changing their definitions of nexus. These changes...
View ArticlePreventing Construction Industry Fraud with Internal Controls
Implementing and maintaining effective internal controls is one of the best actions a company can take to prevent fraud. The Association of Certified Fraud Examiners recently released its 2016 Global...
View ArticleReal Estate and Construction Newsletter February 2017
Benchmarking Report Shows Climbing ROI for Construction Industry The Construction Financial Management Association (CFMA) recently published its 2016 Construction Financial Benchmarker Report. The...
View ArticleTax Effects of Converting Your Primary Residence to a Rental Property
As the real estate markets around the country keep improving and interest rates remain at historic lows, this could create a great opportunity to convert your primary residence to a cash-producing...
View ArticleReal Estate and Construction Newsletter March 2017
How President Trump’s Carried Interest Treatment Could Affect Real Estate Deals The major tax overhaul being discussed by the Trump administration has raised many questions this tax filing season....
View ArticleRenovating St. Louis City with SLU Redevelopment, Retail in the Loop and...
While there are a lot of exciting new Downtown St. Louis construction projects, our city continues to expand further out into the city locations with several new apartments, retail and office spaces...
View ArticleReal Estate and Construction Newsletter August 2017
Prepare for the Future of Your Company with Exit Planning Business owners invest their time, energy and resources into building their business into a successful enterprise. Yet, many owners find...
View ArticleHow to Maximize Qualified Expenses to Save More with Historic Tax Credits
Applying for historic tax credits is a great way to finance a historic redevelopment project. Once you determine that your project is eligible for the Missouri Historic Tax Credit (HTC) Program, avoid...
View ArticleReal Estate and Construction Newsletter September 2017
It’s Time to Implement the New Revenue Recognition and Lease Standards After years of analyzing and overhauling revenue recognition and lease standards, it’s time for companies to implement the new...
View ArticleReal Estate and Construction Newsletter October 2017
How to Deduct Personal and Business Hurricane Losses In the aftermath of Hurricane’s Harvey, Irma and Maria, many taxpayers are trying to quantify damage, and are asking about the deductibility of...
View ArticleHow Smaller Construction Projects Can Reduce Tax Liability with a Mini Cost...
Cost segregation studies can significantly reduce federal and state tax liability for construction projects by accelerating the timing of depreciation deductions. While a full blown cost segregation...
View ArticleSimplified Accounting Standards Ease Accounting and Reporting for Private...
Complying with financial accounting and reporting standards set by the Financial Accounting Standards Board (FASB) can be a burden to private companies. To ease some of the difficulties businesses...
View ArticleReal Estate and Construction Newsletter November 2017
Why You Should Consider Technology During Office Construction Projects New construction projects or office expansions are a great time to make improvements to the company’s technology infrastructure....
View ArticleHouse and Senate Bills Outline Tax Reform for Businesses
The House Ways and Means Committee revealed a new tax bill, the Tax Cuts and Jobs Act. Running at almost 430 pages, the bill seeks to make sweeping changes to the current tax code. The Senate Finance...
View ArticleHistoric Tax Credit and New Market Credits Face Elimination Under New Tax Bill
The recent release of the Tax Cuts and Jobs Act has left real estate professionals questioning the future of commonly used incentives. The new bill is currently a draft and legislation has not passed,...
View ArticleReal Estate and Construction Newsletter November 2017
How Tax Reform Could Impact Real Estate and Construction Professionals Tax reform has taxpayers everywhere concerned for the future of their finances and their businesses. The House and Senate have...
View ArticleRental Property Income Tax: Why Active or Material Participation Matters
Owning rental real estate can be a great supplemental source of income in addition to a normal day job. What is most commonly misunderstood about this type of investment is how an individual can treat...
View ArticleTax Reform: Elimination of 2% Floor Itemized Deductions
Historically, taxpayers have been afforded the opportunity to include various expenses, in excess of 2 percent of their adjusted gross income (AGI), in the calculation of itemized deductions on their...
View ArticleReal Estate and Construction Newsletter December 2017
Tax Reform Update for Real Estate and Construction Professionals After much deliberation between the House and Senate, the tax reform bill has been passed and signed into law. Now, it’s time for real...
View ArticleBetter Construction Job Costing Leads to Better Financial Results
Job costing is the method of tracking and allocating all direct and indirect costs to individual construction projects. When applied consistently and accurately, job costing can help streamline the...
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