Tax Planning for Construction Projects: Maximizing Deductions and Credits
Tax planning is crucial for construction companies to ensure they are optimizing their finances and taking full advantage of available deductions and credits. Whether you’re managing residential, commercial, or industrial construction projects, understanding the tax implications of each phase of the project can lead to significant savings. In this blog, we’
The Impact of Tariffs: Balancing Costs, Supply Chain and Profitability
Higher tariffs can raise costs regardless of the supplier. To maintain profitability, businesses should improve efficiencies and adjust prices across products.
Regulation B Section 1071: Implementation Best Practices for Financial Institutions
The financial industry is facing a significant shift with the implementation of Regulation B Section 1071, as mandated by the Dodd-Frank Act. This new rule introduces extensive data collection and reporting requirements for financial institutions making small business loans. Designed to promote fairness and transparency in lending, Regulation B Section 1071 see
Risk Assessments – Not a One and Done
In today’s ever-changing business environment, organizations face new challenges daily, from evolving market conditions to emerging cybersecurity threats. As a result, the concept of risk assessment has become more critical than ever. However, many companies make the mistake of viewing risk assessments as a one-time task instead of an ongoing, strategic proce
Mitigating Cybersecurity Risks in the Financial Sector: Best Practices for 2025
As financial institutions continue to digitize their services and offer more online solutions to customers, the risk of cyberattacks and data breaches grows exponentially. With sensitive financial data, personal information, and proprietary business intelligence at stake, cybersecurity remains one of the most critical concerns for the financial industry. In 202
Higher Tariffs Are on the Way – Can Your Company Manage the Damage?
As U.S. tariffs continue to rise, importers face mounting financial pressure. While these increased duties are designed to promote domestic production, companies with complex global supply chains are experiencing significant cost burdens. With duty rates climbing to 25% or more, many businesses are reassessing their pricing strategies to mitigate the financial
Organizations Dependent on Federal Funding Need to Consider Options
Organizations relying heavily on federal funding are especially vulnerable and should consider best practices to mitigate liquidity and financial risk due to...
2025 Forecast: What Financial Institutions Can Expect in the Coming Year
As we step into 2025, the financial services industry is poised for another year of transformation. With rapid technological advancements, evolving regulatory landscapes, and increasing consumer demands for transparency and sustainability, financial institutions are facing both new challenges and exciting opportunities. To stay competitive and continue driving
