by VGSCNAdmin | Jun 26, 2024 | Blog, Construction
How to Avoid Profit Fade “Don’t settle for second best!” Just about everyone has encountered this phrase in various commercials and ad campaigns over the years, and it’s a good ideal to aspire to. Unfortunately, many construction businesses end up settling for second...
by VGSCNAdmin | Jun 21, 2024 | Blog
In an increasingly interconnected and regulated world, understanding who truly benefits from business entities has become critical. This is where Beneficial Owner Information (BOI) comes into play. BOI is a crucial component of financial transparency and regulatory...
by VGSCNAdmin | May 30, 2024 | Blog
Cracking the Code of Net Investment Income Tax (NIIT) Investing can be a great way to grow your money, but it’s important to remember that taxes often come with the territory. One tax you might encounter is the net investment income tax (NIIT), which takes a 3.8%...
by VGSCNAdmin | May 1, 2024 | Construction
For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs, and various other factors — not the least of which is...
by VGSCNAdmin | Apr 23, 2024 | Blog
The world of accounting can be difficult to understand if you’re not familiar with it. Let’s break down financial and managerial accounting in a simple way. Financial Accounting: Your Business’s Public Report Card Picture this: financial accounting is like...
