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Accounting

DHG Webinar: The CARES Act and Its Impact on the Construction & Real Estate Industry

April 24, 2020

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

April 12, 2020

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

April 1, 2020

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

March 30, 2020

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

March 24, 2020

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

March 2, 2020

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

February 8, 2020

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

November 15, 2019

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…

Spotlight: Aprille Bell, Dixon Hughes Goodman

October 5, 2019

GroundBreak Carolinas regularly features people who are making things happen in the construction industry. This week, we caught up with Aprille Bell with Dixon Hughes Goodman. She is the Office Managing Partner in Dixon Hughes Goodman’s Winston-Salem, NC office. Aprille joined the firm in 1991 and is responsible for maintaining client relationships, supervising audit engagement…

Cherry Bekaert Transfers Asheboro, N.C., Office Ownership

August 1, 2019

Cherry Bekaert LLP (“the Firm”) today announced it has reached an agreement to transfer ownership of its Asheboro, N.C, office to LBA Haynes Strand, PLLC, effective July 31, 2019. The announcement aligns with Cherry Bekaert’s strategy to establish greater specialization and depth in larger markets. After conducting extensive due diligence, Cherry Bekaert determined that LBA Haynes…

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What We’re Reading

  • Long-held industrial property in Raleigh sold to stealthy firm for $8 million
    Source: Raleigh Business Journal Published on April 16, 2021
  • State approves grants to fund three industrial projects in Gaston, Lincoln and Cleveland counties
    Source: Charlotte Business Journal Published on April 16, 2021
  • Charlotte leaders believe clean energy may be key to city’s future
    Source: Business North Carolina Published on April 15, 2021
  • Wake Forest Baptist Health preps for construction of $450M care tower
    Source: Business North Carolina Published on April 15, 2021
  • Apex tapped as new site for Ohio agtech company HQ
    Source: Business North Carolina Published on April 15, 2021

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