Page 11 | Jones & Roth CPAs & Business Advisors

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Update: BOI Reporting Enforcement Halted

May 28, 2025December 17, 2024

Update: The Corporate Transparency Act and its BOI reporting requirements are currently under litigation. Please refer to our most recent post for the latest developments. On December 3, 2024, a Texas district court order placed a nationwide preliminary injunction on enforcement of the Corporate Transparency Act (CTA), placing the Beneficial Ownership Information (BOI) reporting requirement and its January 1, 2025 deadline on hold. The Department of Justice … Read more…

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Exit strategy: ESOPs for construction companies

May 28, 2025December 17, 2024

Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise move on. That may be why many construction businesses implement employee stock ownership plans (ESOPs). These plans offer a gradual exit strategy and … Read more…

Image of a desk with a calculator and keyboard, with a note that says 'SEP-IRA'

Is a SEP-IRA Right for Your Business?

May 28, 2025December 17, 2024

If you’re like many small business owners, running your own business is an all-consuming endeavor. In the face of everyday demands, choosing a retirement strategy for your business can become a casualty. The idea of establishing a plan could evoke … Read more…

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Determining the Proper Date to Recognize Donations

July 9, 2025December 12, 2024

Determining the proper date to report a donor receipt can sometimes be difficult. Ordinarily, a contribution or donation is considered “made” at the time when delivery occurs. This is the time when a donor gives up control of the funds … Read more…

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Current Expected Credit Loss (CECL) Standard for Non-Financial Entities

May 28, 2025December 6, 2024

In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13 Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments which enacted changes to credit loss recognition thresholds for certain financial instruments. … Read more…

Construction supplies and a notebook that says 'Performance Bonds'

What contractors should expect when getting bonded

May 28, 2025December 3, 2024

Under a performance bond, a legally binding agreement is established between a construction company, a surety (the bond provider) and a project owner. Essentially, the bond guarantees that the business in question will fulfill the performance obligations of the construction … Read more…

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How to Choose the Right CPA for Your Medical Practice: A Guide for Practice Administrators and Medical Providers

May 28, 2025November 20, 2024

Selecting the right Certified Public Accountant (CPA) for your medical practice is a critical decision that can significantly affect your practice. For practice administrators and medical providers, having the right CPA partner can help manage complex financial aspects, navigate tax … Read more…

Tax Tips for Healthcare and Dental Practices

2024 Tax Tips for Dental and Healthcare Practices [PDF Download]

October 29, 2025November 19, 2024

As the year draws to a close, it’s crucial for dental and healthcare practice owners to ensure their financial affairs are in order. This period is an excellent opportunity to review your financial strategies and make necessary adjustments to optimize … Read more…

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Helpful Retirement Strategies for Women

May 28, 2025November 19, 2024

Preparing for retirement can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due … Read more…

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Many construction businesses need to step it up on cybersecurity

May 28, 2025November 19, 2024

By now, most contractors are well aware of the threat of cyberattacks. However, at least one recent survey indicates that many construction companies still aren’t adequately protecting themselves. In mid-October, insurance giant Travelers released the results of its 11th annual … Read more…

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