Construction Tax Planning Opportunities
One of the most comprehensive changes included in the TCJA is the changes in tax accounting methods available for contractors.
Mary Margaret White
Mary Margaret White is a senior manager at HORNE where she serves publicly and privately held companies. She specializes in tax return compliance, accounting for income taxes under ASC 740 and tax consulting for public and large, privately-owned clients.
Is your franchise eligible for the FICA Tip Credit?
Tips can be challenging for restaurants and bars to track and report, but your franchise may be eligible for a tax credit based on accurate reporting.
Sales Tax Collections Increased at Record Rates During the Pandemic
Increased consumer spending during the pandemic and rising inflation has also resulted in higher tax revenues for nearly all states.
Justin Poole
Justin Poole is a senior manager in the comprehensive tax solutions group at HORNE. He oversees the managed accounting services team which offers outsourced accounting solutions to privately held companies.
2021 Tax Planning Opportunities for the Construction Industry
2021 Tax Planning. Changing entity types, accounting methods, new deductions for qualified businesses, new depreciation alternatives and new tax incentives for qualified investments are just some of the provisions in the TCJA that will require careful analysis and proactive planning for construction clients. The CICPAC Tax Thought Leadership Committee has compiled an updated summary of those changes potentially impacting construction clients in this whitepaper.
2021 Coronavirus Legislation Tax Planning Opportunities
The CICPAC Tax Thought Leadership Committee has compiled a summary of the tax provisions included in the Coronavirus, Aid, Relief and Economic Security Act (CARES Act) that may impact our construction clients. This whitepaper provides an overview for further consideration for tax planning in 2021 and beyond.
Tax Planning: Did You Know?
As we gear up for another tax planning season, the following are a few insights on some frequently unknown or misunderstood tax topics:
HORNE Named Top Firm in Organic Growth by INSIDE Public Accounting
INSIDE Public Accounting has ranked HORNE the fastest-growing firm in the U.S. for 2021 based on organic growth.
HORNE Earns Multiple Rankings on Accounting Today’s Top 100 Accounting Firms of 2021
HORNE is honored and excited to be recognized by Accounting Today as the No. 2 fastest growing accounting firm in the country and No. 35 overall on its annual list of Top 100 Accounting Firms.
Are You Leaving Money On The Table? Claiming Mississippi Tax Incentives
Mississippi offers manufacturers many tax incentives that enable companies to prosper and grow. But are you taking advantage of all the opportunities you qualify for?
Opportunity Zones: What Are They and How Do They Work?
One of the most intriguing and discussed elements of recent tax reform is the creation of Qualified Opportunity Zones, which are economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment. The tax benefits offered by investment in Qualified Opportunity Zones are meant to encourage economic development in these communities, which are officially designated at the state level.
Decision Point – Episode Two: Pass or Fail: Provider Relief Fund Single Audits
The acceptance of federal assistance comes with the responsibility to justify how you spend those funds. In this episode, HORNE’s Audit Manager Hayley Deer describes what you need to do to pass a single audit.
Conversations with HORNE: Stark & Anti-Kickback for Hospitals
What actions are most important for hospital administrators to take around Stark and Anti-kickback legislation? Find out in this conversation with HORNE and Friday Firm.
Mary Kathryn Allen
Mary Kathryn Allen is a partner at HORNE. She specializes in tax compliance and business consulting for publicly and privately held clients as well as state and local tax compliance.
Dustin Taylor
At HORNE, we go further than a traditional client-CPA relationship — we help franchisees meet their long-term goals through a strategic partnership. Dustin Taylor values those relationships, and with a seat at their table, he is able to provide insights, collaboration and ongoing dialogue throughout the year to help clients mitigate taxes and plan for the future.
Robert Miller
Robert Miller is a senior director at HORNE where he leads the public & middle market tax team, and also serves as HORNE’s firmwide director of tax. He specializes in helping businesses navigate the complex tax environment.
UPDATE: Bonus Depreciation on Qualified Improvement Property
Under the Coronavirus Aid, Relief and Economic Security (CARES) Act, changes were made to legislation surrounding bonus depreciation on Qualified Improvement Property (QIP), originally established by the 2017 Tax Cuts and Jobs Act (TCJA). This is great news all around but especially for the restaurant industry.