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.
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.
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.
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?’”
In an article published recently, Accounting Today highlights what several Bennett Thrasher professionals are up to this summer, including Aaron Epp and Rachel Cash’s secondment in Australia and partner Kelly Smith’s adventures in Ireland.
Out of the blue, you are presented with an irresistible offer for your company. You hadn’t considered selling your prosperous business, until now, and you feel that you’re faced with two options: welcome the prospective buyer’s offer or walk away.
Bennett Thrasher is pleased to announce that it has been recognized as the 70th largest accounting firm in the nation by INSIDE Public Accounting (IPA) on its 29th annual ranking of the Top 100 Firms this year.
In an Inside Public Accounting article published recently, Will Eckerson discusses Bennett Thrasher’s June BT on the AT hikes, which were held in support of mental health awareness and covered about 80 miles of the Appalachian Trail. The hikes encouraged team members to immerse themselves in nature to improve their own mental health and learn how to encourage others who may need support.
It is important for taxpayers to carefully read each piece of mail that the IRS sends them. In the past, the IRS would often initiate contact with a taxpayer via a phone call. Due to numerous telephone scams, including some involving the impersonation of IRS employees, the IRS now initiates all contact by mail.
Most people think of due diligence from the point of view of a prospective buyer. While that is typical, it is now becoming more common for business owners to conduct their own due diligence to fix any weaknesses within their company in advance of a potential sale.
The Tax Cuts and Jobs Act of 2017 affected businesses and employees in any number of ways, and parking expenses were no exception. Before the close of 2018, the IRS issued highly anticipated guidance that will help determine the amount of qualified parking expenses that are subject to disallowance or inclusion in income.
In an article published in the June 2019 issue of Captive Review, Laurie Bizzell discusses best practices for captive insurance companies as the Internal Revenue Service (IRS) focuses on aggressive examination and focus of captive insurance arrangements.