planning-an-equipment-purchase

Planning An Equipment Purchase

One of the best tax breaks available to manufacturers is the Section 179 deduction, which allows you take a current deduction on equipment and business vehicles, rather than depreciating it over many years. This post is an update with 2015 numbers. Currently the maximum amount for 2015 is $25,000 (*see below for a potential increase…

internal-controls-for-contractors-cpa-frank

Internal Controls for Contractors

In no other industry is fraud more prominent than in the construction industry. In fact, data from a recent fraud study released by the Association of Certified Fraud Examiners (ACFE), makes this point. According to the report, the median fraud loss among construction firms in the study was $245,000, nearly twice the rates for companies…