Considerations for Contractors Implementing the New Revenue Recognition Standard (ASC 606)

When the Financial Accounting Standards Board (FASB) finally revealed its new revenue recognition standard (ASU 2014-09 – Revenue from Contracts with Customers) back in 2014, the standard was beyond complex. As a result, the FASB formed 16 industry task groups (including one for construction) to clarify and explain the standard, and issued five related standards.

Increase the Value of Your Business for a Successful Exit

As a business owner, you probably think of all the things you would like to do once you sell your business and enjoy your next venture. Or perhaps you have plans to travel, learn new skills and achieve personal growth. To do all of these things, however, it is essential that you make plans now to strengthen the value of your business prior to exiting.

Changing Rules in Taxation of Digitalization of the Economy

On May 31, the Organization for Economic Co-operation and Development (“OECD”) issued a proposed approach to addressing challenges arising from the digitalization of the economy (the “Program of Work”).  If it reaches consensus, the Program of Work could change “how taxing rights on income generated from cross-border activities in the digital age should be allocated among countries.”

Update On Georgia Entertainment Incentives Webinar Recording

This webinar discusses recent legislative, regulatory and administrative updates that affect companies claiming Georgia entertainment tax credits. Join Peter Stathopoulos, head of Bennett Thrasher’s Entertainment Practice, for a discussion.

Peter Stathopoulos Breaks Down California’s Recent Economic Nexus Standard Law in Article for Total Retail

In an article for Total Retail published on August 19, 2019, Peter Stathopoulos discusses California’s recent enactment of sales tax legislation aimed at remote sellers and marketplace facilitators following the U.S. Supreme Court’s decision in South Dakota v. Wayfair, which ruled that states can require businesses without a physical presence in the state to collect and remit sales tax from their transactions.

Acquisition and Retention of Qualified Construction Employees

As baby boomers continue to retire, construction firms find it increasingly difficult to retain qualified workers. That said, certain demographic trends are giving construction companies a glimmer of hope that the tide may be turning—albeit slowly.

Fall 2019 Campus Recruiting Season Kicks Off

On Thursday, August 8, the BT recruiting team held the second annual Campus Recruiting Happy Hour, to officially kickoff the fall campus recruiting season.  The firm recognizes that campus recruiting is not only our #1 recruiting source, but it also helps us develop a robust network and pipeline with the universities and the cities they are in, as we continue to grow.

Overcoming Obstacles in Business Exit Planning

Business owners probably think of retirement as a time to let go of all business stresses and to finally begin relaxing. Surprise—according to a recent study, more than 70% of former owners regret selling their companies less than a year after the sale. What causes so many to regret their decision? The culprit seems to be the lack of preparation on the part of the business owner.

Will Eckerson Sheds Light on Bennett Thrasher’s Initiatives to Give Back on 11Alive and goBeyondProfit’s The Extra Mile Segment”

On 11Alive and goBeyondProfit’s “The Extra Mile” segment, which aired on Sunday, August 11, 2019, Bennett Thrasher’s Chief Operating Officer Will Eckerson discusses ways the firm gives back to the local Atlanta community. Will explains that because Bennett Thrasher is a one-office firm in Atlanta, “we’ve really made that conscious effort to say ‘how can we do things in the Atlanta community to give back?’”

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