news: architects & Engineers
AASHTO‘S NEW UNIFORM AUDIT AND ACCOUNTING GUIDE FOR AUDITS OF ARCHITECT AND ENGINEERING FIRMFundamentals of Prequalification for Architects and Engineers The considerable investment in the nation’s infrastructure is expected to significantly boost jobs and increase demand for skilled architects and engineers. The only challenge that comes with this package is to get prequalified before you bid on a job. The pre-qualification process enables architects and engineers to display the required experience, capability, and capacity to compete for the most lucrative jobs in the marketplace. Fundamentals of Prequalification for Architects and EngineersThe considerable investment in the nation’s infrastructure is expected to significantly boost jobs and increase demand for skilled architects and engineers. The only challenge that comes with this package is to get prequalified before you bid on a job. The pre-qualification process enables architects and engineers to display the required experience, capability, and capacity to compete for the most lucrative jobs in the marketplace. IRS Increases Standard Mileage Rate for Auto Expense DeductionWith today’s high gas prices, you’ll want to be sure you’re deducting auto expenses when you can. Fortunately, earlier this year the IRS increased the standard mileage rate that you can use when calculating your business auto expenses deduction. You may deduct expenses for any business use of a vehicle or use in connection with an income-producing activity, such as consulting services or speaking engagements. But generally commuting doesn’t count as business use. Seven Critical Business Valuation Terms You Should KnowAs a business owner, you’ll likely need to have your company appraised at some point. Appraisals are essential in the event you decide to sell or merge the business, create or update a buy-sell agreement, or devise or refine your estate plan. A good way to preempt the uncertainties of the appraisal process is to learn some basic valuation terminology. This article discusses seven terms you should know. Trends in Compensation| Pay-for-performance Model Beckons Many CompaniesFrom the moment you hired your first employee, or took over the company you currently own, you likely started wondering how you’d keep your workers motivated. Of course, ideally, every employee would be self-motivated but, at some point, even the best staff member typically needs a target to shoot for beyond “a job well done.”Compensation is, one might say, the original motivator. Yet precisely how to compensate employees is no longer the simple concept it once was. One compensation model that has been beckoning many companies of late is pay-for-performance. Find out how our expertise in accounting for architects & engineers can add value to your business. Email us or call us at 1 (888) 875-9770. related linksArchitects & Engineers Newsletters Archive PODCAST: Overhead Rates, State Agency Updates and Best Practices for Engineers Comprehensive Management Leads to Greater Profitability |
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