DHG Webinar: PPP Loan Forgiveness – Questions We’re Hearing and What We Know
At Dixon Hughes Goodman, we know there are still many questions surrounding the PPP and the Flexibility Act of 2020. With these uncertainties in mind, our team will focus on the questions, concerns and opportunities we’ve compiled from clients in the construction and real estate industry. Tune in for meaningful discussion around the PPP loan…
Senate Passes Paycheck Protection Program (PPP) Flexibility Act of 2020
On June 3, 2020, the United States (U.S.) Senate passed the Paycheck Protection Program (PPP) Flexibility Act of 2020 (Flexibility Act). The bill (H.R.7010) had previously passed the U.S. House of Representatives on May 28, 2020. The bill will need to be signed by President Trump in order to become enacted. The Flexibility Act would…
DHG Webinar: The CARES Act and Its Impact on the Construction & Real Estate Industry
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law March 27, 2020 which includes a significant number of tax and other provisions designed to support businesses and individuals impacted by the coronavirus pandemic. Join DHG on Wednesday, April 29, 2020, for a Webinar discussion of CARES Act implications for your organization and next…
Cash is King – Construction and Real Estate Concerns in the COVID-19 World
We are certainly living in uncertain and unusual times; however, there are sound methods that contractors, developers and property managers can use to preserve cash, speed up the cash collection process, delay payments and seek optimal options for debt. Such options for construction and real estate entities are listed below. 1. Small Business Association (SBA)…
Be Alert for Scams During Challenging Times
Content contributed by Brightworth Financial As you read this, you’ve probably been bombarded with news about financial markets, lockdowns, and public health. While the current environment provides a time for us to connect with others to give comfort, others see an opportunity to leverage a crisis to exploit people through scams. In the last few…
Coronavirus Aid, Relief, and Economic Security (CARES) Act Signed Into Law
Dixon Hughes Goodman offers guidance related to the the Coronavirus Aid, Relief and Economic Security (CARES) Act that was signed into law March 27, 2020. The Act includes a significant number of tax and other provisions designed to support businesses and individuals impacted by the Coronavirus pandemic. Some of the Act’s provisions will provide opportunities…
Tips to Avoid Cybersecurity Attacks During the COVID-19 Pandemic
As the uncertainty surrounding COVID-19 impacts every aspect of daily life, it is important to remain vigilant against threats to the security of sensitive information. Cybercriminal activity increases when pandemics strike, as actors take advantage and prey upon fear and uncertainty. Phishing attacks via email, text message and phone calls are the most common, as…
A Contractor’s Guide to Documenting Revenue Recognition
Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, Topic 606, commonly referred to as ASC 606, became effective for private companies for fiscal years beginning on, or after, December 15, 2018. Most financial professionals are familiar with the “five-step model” commonly used to implement ASC 606, but hidden within each of those…
45L Tax Credit – Congress Reinstates Tax Credit for Energy Efficient Homes
On Dec. 20, 2019, the Omnibus Appropriations Bill H.R. 1865 was signed into law. This legislation extended the New Energy Efficient Home Tax Credit under Code Section 45L through the end of 2020. The Code Section 45L credit is the applicable amount for each qualified new energy efficient home that is constructed by an eligible…
A Tax Change Order for Construction Companies
Join Kevin Dale Rayfield, CPA, Dixon Hughes Goodman (DHG) LLP at the NCACPA Symposium in Greensboro, NC on November 20 for an important session, A Tax Change Order for Construction Companies, for an update on tax reform as it relates to the construction industry. After one busy season, DHG will discuss what we currently know…
