Warren Averett Member, Will Aderholt, recently had an article published in the August edition of Construction Executive magazine. In the article, Three Financial Red Flags to Monitor, Aderholt discusses potential problems in the accounting process and identifies red flags that leaders in the construction industry should be aware of. You can view the full article here.
The Alabama Department of Revenue is offering tax amnesty for taxpayers that apply between June 30 and August 30, 2016. Eligible taxpayers can voluntarily come forward during this period and apply for tax amnesty for various delinquent taxes including sales tax, as well as corporate and individual income tax. […]
On July 9, 2015, the Financial Accounting Standards Board (FASB) officially deferred implementation of the landmark global revenue recognition accounting standard by one year. The International Accounting Standards Board (IASB) followed suit on July 22, 2015, despite fewer complaints about the new guidance from companies that follow International Financial […]
PENSACOLA Fla. (July 28, 2014) — Warren Averett, LLC, Certified Public Accountants and Advisors, is pleased to announce that Member, Kathleen Baldwin, CPA, CCIFP has been elected to the Executive Committee for the Construction Industry CPAs/Consultants Association (CICPAC) effective August 1, 2014. CICPAC is a national association of CPA […]
The United States Tax Court recently issued an opinion that gives homebuilders more flexibility in recognizing revenue under the completed contract method. In Shea Homes, Inc. and Subsidiaries, et al. v. Commissioner of Internal Revenue, the Tax Court held that contractors using the completed contract method were not required […]
Warren Averett Asset Management, LLC is ranked as one of the Top 25 Fee-Only Wealth Management Firms in the country, according to CNBC’s inaugural list. The CNBC Digital team recognized Warren Averett Asset Management as the 24th firm among the Top 100 Fee-Only Firms in the nation. CNBC.com is the […]
While we never want to see a natural disaster affect an area, when a natural disaster does affect you, it is important to be aware of potential tax deductions for your losses.
Deductions for Storm Damage
Taxpayers who have sustained a casualty loss during the recent storms in our area may […]
The IRS has recently released new income tax regulations with regard to the acquisition or production of tangible property, such as furniture, equipment, etc., as well as materials and supplies. The regulations take effect January 1, 2014. One of the main changes is a de minimis safe harbor that will allow electing taxpayers to claim […]
In yet another delay associated with the Affordable Care Act, the US Department of Health and Human Services (HHS) has pushed back the online enrollment process for the federally facilitated Small Business Health Options Program (SHOP) Marketplace. The online process will not be available until enrollment for plan years […]
While Healthcare Reform continues to change, it’s important to remain up to date with how those changes may affect your business.
Although Congress passed health care reform in 2010, many of its most sweeping provisions have delayed effective dates. 2014 is a critical year for individuals and businesses. The enclosed […]