The EFA Company Blog

Keeping you up to date on the latest happenings in audit, tax, accounting and the construction industry.

Is a Joint Venture the Right Choice for your Company?

They say two heads are better than one. This can sometimes be the case for construction projects when, whether because of difficult logistics or challenging technical aspects of a job, [...]

The WIP is Good: A Valuable Management Tool

Financial statements are an indispensable tool for gauging your construction company’s historical results and financial health. But relying on them alone is like driving a car by looking in the [...]

Succession Planning: Look at Things from a Surety’s Perspective

A well-designed succession plan is critical to the long-term survival of a construction business. In developing one, it’s important to consider the objectives and needs of your company’s owners as [...]

Should You Consider an ESOP?

For construction companies structured as corporations, an Employee Stock Ownership Plan (ESOP) can be a powerful succession tool. An ESOP is a qualified retirement plan, similar in many ways to [...]

2017 Filing Season Involves New Due Dates

Excerpt from recently released article by thetaxadviser.com (Full article, "Next Filing Season Will Be Better: Due Dates Have a New Logical Order) As practitioners get ready for the 2017 filing [...]

2016 Estate Planning Guide Now Available

You don't want to miss all the good information that is included in this year's Estate Planning Guide. Here are just a few of the topics we've covered: Understanding estate [...]

Lease Changes and Overtime Charges: News You Need Now!

EFA continues to work hard for you. In an effort to provide you with the guidance and direction you need, we are sharing a few articles of interest. On April [...]

2016-17 Tax Planning Guide is Now Available!

EFA is excited to release the 2016-17 Tax Planning Guide. Our guide has information relating to tax planning, investing, real estate, business and executive compensation, family and education, charitable giving, [...]

Enhance your Operations with Benchmarking

Benchmarking is the process of comparing one’s business processes and performance metrics with your own historical data or those of other, similar companies. Through this process, you can identify the [...]

New and Improved Research Credit Benefits Smaller Companies

The Protecting Americans from Tax Hikes Act of 2015 made the research credit permanent after decades of short-term renewals. It also made two important changes that expand the benefits of [...]