Mixed reality: The next BIM thing in construction tech?

Building information modeling (BIM) is one of the most important technological developments in construction history. But BIM doesn’t sit still; it keeps evolving. This article looks at the next BIM thing — mixed reality, which combines virtual reality with the real-world construction site. Building information modeling (BIM) is one of the most important technological developments… Read more »

Emerging Technology for 2019

Greetings, deTECH readers. First off, we ask for your understanding on the dearth of newsletter publications over the last quarter. As you can imagine, holidays and servicing clients have a tendency to appropriate our article-writing time. It is a terrific problem to have.   At the beginning of each year we like to dream a… Read more »

Manufacturers Optimistic Despite Challenges

“Manufacturers Optimistic Despite Challenges – Companies Expect Revenue Growth in 2019 with a Focus on Improving Profitability and Growing Sales .” – According to Leading Edge Alliance National Manufacturing Outlook Survey For the third year, YHB and LEA have released the results of the 2019 Leading Edge Alliance (LEA) National Manufacturing Outlook Survey. More than… Read more »

Changes to Hardship Withdraws

If circumstances, such as immediate and heavy medical expenses, required you to make a hardship withdrawal from your 401(k) you may need to be aware of changes over the past year. Thanks to the Budget Act of 2018, several changes are going into effect for the 2019 Plan Year in regards to hardship withdrawals: No… Read more »

Three Questions to Ask Your Auditor Before Your First Benefit Plan Audit

Is your first benefit plan audit in the near future? If so, you’ll need to be prepared. Any business with employee benefit plans covered by ERISA will be subject to complex regulations and possibly an annual audit, once they have 100 eligible employees. Plan sponsors have a fiduciary responsibility to properly manage their plans. Before… Read more »

Holding on to your nonprofit’s exempt status

If you think that, once your not-for-profit receives its official tax-exempt status from the IRS, you don’t have to revisit it again, think again. Whether your organization is a Section 501(c)(3), Sec. 501(c)(7) or other type, be careful. The activities you conduct, the ways you generate revenue and how you use that revenue could potentially… Read more »

Steel yourself against rising materials prices

Tariffs on steel and aluminum have recently contributed to an increase in materials costs. But there are many other factors that can cause prices to escalate. This article suggests some ways that contractors and subcontractors can manage the risk. Tariffs on steel and aluminum have recently contributed to an increase in materials costs. There are… Read more »

Fiduciary Tax under the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act is widely regarded as one of the most significant tax bills passed in the last 30 years,  affecting nearly every type of taxpayer when it was passed in late 2017.  While the majority of the changes under the new law were aimed at individuals and businesses, the new law… Read more »

3 ways to improve development and accounting collaboration

Communication breakdowns between a not-for-profit’s development and accounting departments can lead to confusion, embarrassment and even financial problems. Here are three ways your organization can facilitate cooperation between these two critical functions. 1. Recognize differences Accounting and development typically record their financial information differently, which is why they can produce numbers that vary but nonetheless… Read more »