Assurance / Audit

Webinar Recap – Application of the New Revenue Standard

This webinar entitled “Application of the New Revenue Standard,” was originally produced on Thursday, June 15, 2017. We hope that you enjoy the full recording of the presentation and additional resources offered below. This webinar was hosted by McKonly & Asbury Partner Janice Snyder and Partner Dan Sturm. This webinar provided a summary of key points […]

Little-known Tax Break: The 179D Tax Deduction

The 179D tax deduction can provide great benefits to taxpayers, however, it is largely overlooked. The 179D deduction was originally enacted under the Energy Policy Act of 2005 and offers tax incentives for sustainable, energy efficient building design. Commercial building owners or primary designers – here’s looking at you, architects, engineers, and contractors – can […]

Webinar – Application of the New Revenue Standard

McKonly & Asbury is pleased to announce our next webinar entitled “Application of the New Revenue Standard.”  This webinar will take place on Thursday, June 15th, 2017. This webinar will be hosted by McKonly & Asbury Partner Janice Snyder and Partner Dan Sturm. This webinar will provide a summary of key points of the new revenue […]

Subcontractors Top Accounting & Tax Tips For 2017 & Beyond

McKonly & Asbury’s team of construction experts will be presenting  at The American Subcontractors Association of Central Pennsylvania’s March Dinner Meeting, “Top Accounting & Tax Tips for 2017 & Beyond.” This dinner meeting will take place on Tuesday March 7th, from 5:00 PM – 8:00 PM at the Clarion Hotel & Conference Center. David Blain, […]

Backlog, Bonding and Profitability

Construction backlog expanded during the third quarter, according to Associated Builders and Contractors (ABC) Construction Backlog Indicator, which is great news following two quarters of declining backlog.  While this increase in backlog indicates that new construction is on the rise due to economic optimism, there continues to be stiff pressure on bottom line profitability. This […]

Keystone Contractors Association Releases 2017 Construction Forecast Survey Results

In  a press release issued in early January by The Keystone Contractors Association (KCA), KCA announced its results of its 2017 Construction Forecast for Pennsylvania. The results of the 2017 KCA Construction Forecast indicate that most of the commercial construction industry expect this year to be better than last year. The following are a few […]

Research & Development Credits for Construction and Engineering?

Yes, research and development (R&D) tax credits may also be utilized in your construction and engineering business for significant tax savings. Starting in 2016, the R&D credit became permanent and can reduce taxes, including potentially your alternative minimum tax. Many think that the “R&D” credit only applies to the type of work that takes place […]

5-Minute Focus on the New Leasing Standard

Accounting Standards Update (ASU) 2016-02, Leases is effective for private companies for fiscal years beginning after December 15, 2019.  If you have leases, the new standard will change your financial statements and disclosures, and may also introduce significant new processes within your organization to properly account for leases.  We have prepared the following 5 minute […]

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