Starting a new business venture can be exciting. Whether you are forming your first company or expanding into a new area, it is important to properly account for start-up and organizational costs. The rules concerning these costs are different for income tax purposes and for financial reporting...
This Week's Second Look
While the beginning of the month can signify a fresh start for some, small businesses and their accounting departments sometimes associate the first few days of the month with feelings of frustration, stress, and anxiety. The dreaded month-end close process never ceases, and a recent survey by...
Senator Ted Cruz visited Spawglass’ Village of Southhampton jobsite in Houston this week to tour the site, hear from construction executives, and promote his new bill, the Education Freedom Scholarships and Opportunity Act during an event hosted by Associated Builders and...
Most U.S. organizations process important information every single day, every single hour, every single minute. When that information is private and sensitive in nature, its value skyrockets, and hackers will seek to obtain it by any means necessary. According to the Federal Bureau of Investigation...
Over the past few years, we’ve made it a priority at this time of year to give credit to the members of construction groups around the state chipping in to give back to their communities during the holidays. Much too humble to brag on themselves, executives and craft professionals in the industry...
Prosecutors filed the first ever wage theft case in Harris County this week against a homeowner who refused to pay a self-employed independent contractor $2,300 for painting the homeowner’s home worth over $1.5 million. Sonny D. Nicholas, 62, is charged with Theft of Service for work...
Running a business is no simple endeavor, and the challenges that are a part of navigating employment law, especially, seem to be endless. Whether you are hiring someone for the first time or the 50th time, one of the most important questions a construction company must answer about its workforce...
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When employees contribute a percentage of their wages to their employer’s sponsored retirement plan, they often assume the money is transferred into their account on payday. Employers have a fiduciary responsibility to ensure that participants’ contributions are remitted to the plan timely....
Nearly ten years ago, a group of leaders in the Houston commercial construction industry met to discuss its biggest future challenge, an aging and diminishing craft workforce. Baby Boomers were (and still are) reaching retirement age at the rate of 10,000 people each day, and the construction...
