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.

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We Know Construction Banner

 

Implementing ASC 842 Leases Focus Areas for Contractors

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.

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Implementing ASC 842 Leases Focus Areas for Contractors

EGPs Litigation and Valuation Team Keeps Expanding

At some point, most individuals and businesses will find themselves embroiled in highly complex litigation requiring financial analysis and a deeper valuation.

The firm's litigation and business valuation team is widely regarded as having the expertise needed to express an opinion about the validity of evidence in a case and convey that opinion in a way that can be understood and believed. Our team has earned respect from law firms that understand a qualified financial services firm is a critical component of a successful litigation strategy.

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EGP News

During the recent presidential campaign, one of the talking points that came up was to eliminate income taxes on ...

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

Jan. 31, 2025

  • Due Date for Employers to Send W-2 Forms

Feb. 18, 2025

  • Reclaim your Exemption from Withholding

Feb. 28, 2025

  • 1099 Paper Forms Deadline

April 1, 2025

  • Required Minimum Distribution Due (If you turned 73 In 2024)

April 15, 2025

  • Form 4868 Deadline & Request an Extension
  • 2024 Tax Return Deadline
  • Taxes for C-Corporations Due
  • 2024 IRA & HSA Contributions Deadline
  • 2025 1st Quarter Estimated Tax Payments Due