The Need For Accuracy | The Basis of Auditing

2018 is flying by and it won’t be long before the end of the year! But before that fresh, new start in 2019 comes the audit season. That time of year when your friendly auditors show up to interrupt your already busy day! As an auditor, I get it… it is stressful and burdensome but we try to… Read more »

YHB Named in the 2018 Top 200 Largest Accounting Firms

YHB has been named in INSIDE Public Accounting’s 28th annual ranking of the largest accounting firms in the nation, the IPA Top 200. As YHB grows we remain committed to our clients, communities and staff who make our success possible. IPA firms were ranked by U.S. net revenues and compiled after reviewing more than 550… Read more »

Contractor controlled insurance can benefit some growing companies

Most business owners aren’t content with running a small company. They want to see that operation grow and grow to become a major player — if not the dominant player — in their markets. This certainly holds true for construction companies. Most general contractors aren’t satisfied jumping from small job to small job. They want… Read more »

Attract and retain talent with equity-based compensation

Construction is a competitive industry. And contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other skilled workers. To combat this problem, consider incentives that can help you attract, retain and motivate quality employees. A powerful tool Among the most powerful tools for engaging employees and… Read more »

Are you ready for the new revenue recognition standard?

It’s been eight years since the Financial Accounting Standards Board (FASB) first proposed an overhaul of its revenue recognition standard and four years since it issued the new standard. Now that the standard’s effective date is finally approaching — Jan. 1, 2019, for calendar-year non-public companies that comply with generally accepted accounting principles — is… Read more »

What is missing? | Disaster Recovery Planning

With all of the focus on Cybersecurity in IT these days I think it is important to not forget about your disaster planning.  A cyber-event can definitely be considered a disaster and sometimes your Disaster Recovery Plan (DRP) could save you from a cyber-event but I want to talk about a basic element of a… Read more »

ISACA | State of Cybersecurity Survey

ISACA recently released results from the annual global State of Cybersecurity Survey conducted last October.  A total of 2,366 individuals with a Certified Information Security Manager (CISM) and/or Cybersecurity Nexus Practitioner (CSX Practitioner) participated in the 2017 survey.  The results were not earth shattering but some were of interest. From a threat landscape perspective, the… Read more »

Should you reconsider your entity choice?

Tax reform changes the equation The Tax Cuts and Jobs Act (TCJA) slashed federal corporate income taxes from a top rate of 35% to a flat rate of 21%. As a result, many construction company owners organized as pass-through entities — such as S corporations, limited liability companies (LLCs) and partnerships — are rethinking their… Read more »

New Loss Limitations for Non-Corporate Taxpayers

If you starting a new business or investing in an existing business you should be aware of these new rules.  The Tax Cuts and Jobs Act (TCJA) provides that, for tax years after 2017 and before 2026, a taxpayer’s excess business loss for the tax year is disallowed.  This is an expansion of the old… Read more »

2018 Verizon DBIR Highlights

In April, the cybersecurity world hotly anticipates the arrival of the Verizon’s annual Data Breach Investigation report. The deTECH team always takes some time to investigate the investigation and provide a digest of some interesting takeaways. If you would like to read it for yourself, you can go here. Or if you want to drill… Read more »