In an article for Construction Executive published on May 19, 2019, Scott Hazy shared an analysis of the 2019 Georgia Construction Outlook Survey and the business considerations of busy Georgia contractors when facing the top challenge of attracting and retaining talent in the hot market given the number of revenue increases and project backlog in recent years.
Like many businesses, you may have put off implementing the necessary changes required to align your business with the new revenue recognition accounting standards. These standards, set by the Financial Accounting Standards Board (FASB), became effective this year for annual reporting periods, and in 2020 for interim periods.
In an article for Accounting Today published on May 28, 2019, Bennett Thrasher partner Trey Webb offered insight on the second round of Internal Revenue Service (IRS)-proposed regulations on Qualified Opportunity Zones (QOZs), which were originally included in the Tax Cuts and Jobs Act.
Bennett Thrasher LLP is pleased to welcome Allison W. Lavelle to the firm. Allison joins the team as the firm’s Director of Marketing & Growth, where she will spearhead the firm’s marketing efforts and initiatives in pursuit of firm growth and continued expansion.
As a not-for-profit director, you may occasionally wonder whether it is beneficial to offer compensation to your board members. Most often, not-for-profits that are able to afford to pay their board members are larger, multifaceted organizations, such as art institutions, national foundations or healthcare systems.
In an article published in the May/June issue of Oz Magazine, Peter Stathopoulos discussed the top 10 things taxpayers may not know about Georgia film tax credits.
After years of consideration, the Financial Accounting Standards Board (FASB) revised lease accounting by issuing Accounting Standards Update (ASU) 2016-02, Leases (Topic 842). In the eyes of the FASB and users of the financial statements, leases in the financial statements of lessees represented valid assets and obligations as a result of the lessee receiving the right to use certain assets while receiving the economic benefits of using such assets.
In-kind donations, also known as gifts in kind, are donations of services, goods or time. They can include physical goods, such as clothing, equipment or supplies, as well as immaterial items like royalties, copyrights, advertising or patents
Bennett Thrasher LLP is pleased to announce its recognition in three categories of the Daily Report’s “Best Of 2019” reader survey. Bennett Thrasher was voted as one of the top three firms in the categories of Best Full-Service Accounting Firm, Best Forensic Accounting Firm and Best Business Accounting Firm.
On April 16, 2019, the IRS Large Business and International (LB&I) division announced the approval of three new compliance campaigns. All three new campaigns relate to offshore activities of U.S. taxpayers, with one campaign focusing on profits reported by offshore captive services companies.
Kristin Ethridge, Bennett Thrasher’s Campus Recruiter, has been named a finalist for the Atlanta Business Chronicle’s 2019 HR Excellence Awards as one of three contenders for this year’s Rising HR Star.The HR Excellence Awards honor human resources professionals who have achieved new heights by using innovative strategies, exemplary dedication and outstanding performance to drive their business forward.
In an article published recently on Manufacturing.net, Bennett Thrasher partner Ben Miller discusses significant points of the IRS’ Transfer Pricing Examination Process that manufacturers should pay attention to when dealing with transfer pricing audits.