The Things
We Do Best
Our ability to adopt your ambitions and find solutions to your problems is a hallmark of our firm's practice.
Accounting
Maintaining an accounting department can be expensive. We can free your company from that process.
Audit
We have years of experience to provide the assurance you need, allowing your company to do what you do best.
Taxes
Experts in federal, state, and local tax laws. We provide year round, not just year end, tax planning.
Advisory
A strategic approach by taking a 360 degree view of your business and individual needs while preserving your wealth. Check us out on BrokerCheck.
Valuations
Business owners should have a clear definition of the value of their businesses for a variety of purposes including estate valutations and buy/sell transactions.
It’s time for contractors, and their accounting professionals, to get serious about FASB ASU 2016-02, Leases (ASC 842)
The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations. This whitepaper will provide further insight to some of the key areas that you should be aware of when implementing the new standard. This change will mean that under the new standard, companies will have to capitalize all leases with terms greater than 12 months, creating a new asset and liability on the balance sheet. In addition, all leases will be classified as operating or financing leases (“capital lease”). A key element of this standard is that it does not grandfather existing leases. We are here to assist and consult on this matter.
2022 Tax Planning Opportunities for the Construction Industry.
The Tax Cut and Jobs Act (TCJA) signed into law in late 2017 made some of the most significant tax regulation changes in decades and created many new planning opportunities for contractors. Changing entity types, accounting methods, new deductions for qualified businesses, new depreciation alternatives and new tax incentives for qualified investments are just some of the provisions in the TCJA that will require careful analysis and proactive planning for CPAs and their contractor clients.
On March 27, 2020, The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) was passed. The CARES Act includes many tax provisions that are intended to put cash flow in the hands of individuals and businesses. On December 27, 2020, the Consolidated Appropriations Act, 2021 was passed impacting specific tax regulations.
EGP News
I have a special respect and admiration for those who, through adoption, open their hearts and homes (and finances) ...
Important tax dates
Dec. 31, 2024
- 2024 Required Minimum Distributions (Individuals age 73 or Older)
Jan. 15, 2025
- 2024 4th Quarter Estimated Tax Payments Due
