Thompson Greenspon

Good branding uses language, visuals, associations, and other devices to differentiate an entity from its competitors and mold public perceptions of it. How’s your nonprofit’s brand faring?

Make Better Branding Your Nonprofit’s 2025 New Year’s Resolution Good branding uses language, visuals, associations, and other devices to differentiate from nonprofit competitors and mold public perceptions.

Historically, the construction industry has been slow to adapt to new technologies. This presents a serious problem when it comes to cybersecurity. Contractors are attractive cyberattack targets because of the mobile nature of their operations and the wealth of data associated with projects. The risk is ever-present, but there are ways to fortify your defenses.

Many Construction Businesses Need to Step It up on Cybersecurity Construction business owners: Is your company safe from cyberattacks? The risk is ever-present, but there are ways to fortify your defenses.

Construction business owners: Have you ever encountered life-cycle cost analysis? Many project owners, especially in the commercial and infrastructure sectors, are engaging in this practice. Here’s what you need to know.

The Contractor’s Role in Life-Cycle Cost Analysis To help ensure positive outcomes, many construction project owners now engage in life-cycle cost analysis (LCCA). Here’s what you need to know.

Important Update on Beneficial Ownership Reporting:
The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are currently on hold nationwide. On December 3, a federal district court in Texas issued an initial injunction halting enforcement of the reporting requirements. After subsequent appeals and reversals, the injunction was reinstated by a federal appeals court on December 26, halting enforcement while the case is reviewed. For now, companies are not required to file BOI reports, though voluntary submissions are still an option. Stay prepared by gathering the necessary information in case requirements are reinstated.

🌟 Happy New Year!🌟
Wishing everyone a joyful and prosperous 2025! Here's to new opportunities, growth, and continued success. Let’s make it a year to remember!

Discover the key benefits and potential pitfalls of operating your business as a C corporation.

Operating as a C Corporation: Weigh the Benefits and Drawbacks Discover the key benefits and potential pitfalls of operating your business as a C corporation.

Bank reconciliations are your company’s first line of defense against financial errors, fraud and cash flow surprises. Plus, with accounting software handling much of the heavy lifting, the process is simpler than ever before.

Balancing the Books: Regular Bank Reconciliations Are Essential for a Successful Business Bank reconciliations are your company’s first line of defense against financial errors, fraud and cash flow surprises.

New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide.

Nonprofit Start-ups: Form 1023 or 1023-EZ? New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide.

A key reason for creating an estate plan is gaining the peace of mind that family members will be taken care of after a person’s death. Indeed, no one wants there to be confusion or hurt feelings over the division of assets. That’s why it’s critical to fortify one’s plan against potential will contests or other challenges down the road. This article defines “undue” influence and explores why one might want to include a no-contest clause in an estate plan.

Will Your Estate Plan Be Challenged After Your Death? This article defines “undue” influence and explores why one might want to include a no-contest clause in an estate plan.

Merry Christmas and Happy Hanukkah! It’s wonderful to see both holidays coinciding this year. May everyone’s day be filled with light, love, and unity as we celebrate the joys of family, friendship, and festive traditions together.

CICPAC has finalized the Q4 2024 economic report that targets the construction sector. This report offers a comprehensive analysis of various factors that affect the construction industry on a macro level, including regional construction spending, raw materials, supply chain, banking and financing matters, and the overall construction industry outlook. Download it here: https://hubs.la/Q02_82lB0

Properly managing the tax treatment of intangible assets is vital for businesses to maximize tax benefits and ensure compliance with tax regulations.

The Tax Treatment of Intangible Assets Properly managing the tax treatment of intangible assets is vital for businesses to maximize tax benefits and ensure compliance with tax regulations.

Business owners tend to overlook retained earnings on their balance sheets. However, they’re often on external stakeholders’ radar. Here’s a quick overview.

What Are Retained Earnings — And Why Do They Matter? Business owners tend to overlook retained earnings on their balance sheets. However, they’re often on external stakeholders’ radar. Here’s a quick overview.

For investors, a popular year-end tax planning strategy is to “harvest” investment losses. This strategy allows them to offset investment gains plus up to $3,000 in wages or other ordinary income. However, if an investor plans to repurchase the same, or a substantially identical, security after selling an investment at a loss, watch out for the “wash sale” rule. This article details the rule and how to avoid it.

Warning to Investors: Beware the Wash Sale Rule When Harvesting Losses Watch out for the “wash sale” rule. This article details the rule and how to avoid it.

Your nonprofit may benefit from collaborative projects with similar organizations. But remember, you’re vying with both direct and indirect competitors for limited resources.

Should Your Nonprofit Compete, Collaborate or Both? Your nonprofit may benefit from collaborative projects with similar organizations. But remember, you’re vying with both direct and indirect competitors for limited resources.

Construction business owners: Are you looking for help strategizing your succession and choosing a viable employer-sponsored retirement plan? Check out an ESOP.

Exit Strategy: ESOPs for Construction Companies Construction business owners: Are you looking for help strategizing your succession and choosing a viable employer-sponsored retirement plan? Check out an ESOP.

The average price of gas is down more than 20 cents per gallon from a year ago. That may affect the tax deductions for local transportation costs that your business can claim for 2024. Here’s what you can write off.

Drive Down Your Business Taxes With Local Transportation Cost Deductions The average price of gas is down more than 20 cents per gallon from a year ago. That may affect the tax deductions for local transportation costs that your business can claim for 2024. Here’s what you can write off.

Tax planning should be a year-round endeavor, not a year-end afterthought. Many of the most effective tax strategies for businesses require months of preparation. Nevertheless, as the end of the year approaches, there are strategies available to minimize a business’s tax bill for 2024. This article examines year-end tax planning strategies for businesses. A sidebar explains why changing the accounting method a business uses can be beneficial.

5 Year-End Tax Planning Strategies for Businesses As the end of the year approaches, there are strategies available to minimize a business’s tax bill for 2024.