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Sales and use tax

Top 6 Most Common Sales & Use Tax Mistakes (and How to Avoid Them)

September 2, 2026

Krystal Cabrera

Many businesses don’t intentionally ignore sales and use tax requirements. In fact, most compliance issues develop gradually as companies grow, adopt new technology, or change the way they operate. A new software subscription gets added. Equipment is purchased from an out-of-state vendor. An employee makes purchases using a corporate credit card. A new service line…

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Buyers Construction

Selling Your Construction Company? What Buyers Want to See in Your Financials Before They Make an Offer

September 1, 2026

If you’re thinking about selling your construction company—whether that’s next year or five years from now—there’s one thing buyers will scrutinize long before they discuss a purchase price: your financials. While a strong reputation, loyal customers, and a robust backlog are valuable assets, buyers place significant weight on the quality and reliability of a company’s…

GASB 103 Implementation Tool Header image

Implementing GASB 103? This Complimentary Tool Can Help

August 27, 2026

GASB 103 introduces several changes to governmental financial reporting. Finance teams must determine which requirements apply, identify what needs to change and track implementation while preparing for the Annual Comprehensive Financial Report (ACFR). To make the process easier, LSL created a complimentary GASB 103 Implementation Tool for government finance teams. What Should Your Government Review?…

GASB 103 Subsidies: What Governments Need to Know

GASB 103 Subsidies: What Governments Need to Know

August 25, 2026

When a government transfers money to a utility fund, receives operating assistance for a transit system, or provides support to another activity, the accounting treatment has often been relatively straightforward. Under GASB 103, however, governments may need to take a closer look. One of the more significant changes introduced by GASB Statement No. 103, Financial…

Bank Balance

Are You Running Your Business from Your Bank Balance?

August 20, 2026

For many business owners, checking the bank account has become a daily habit. Maybe even multiple times a day. A quick glance at the balance provides reassurance when cash is strong and creates stress when it isn’t. Over time, it’s easy to start using that number as the primary measure of whether the business is…

percentage of completion PCM

Why Profitable Construction Jobs Start Losing Money Mid-Project (And What PCM Is Trying to Tell You)

August 18, 2026

In construction and project-based industries, it’s not unusual for a job to start strong—only to tighten as it progresses. At the beginning, the numbers make sense. The margin is there. The job is approved with confidence. But halfway through, something changes… Costs begin to increase. Timelines shift. And the profit that once felt secure starts…

Managing Fraud Risk During Staffing Transitions

Managing Fraud Risk During Staffing Transitions

August 13, 2026

Employee turnover is a normal part of business. Employees retire, accept new opportunities, get promoted, or move into different roles. Businesses grow, restructure, and adapt to changing demands. While these transitions are often viewed through an operational or human resources lens, they can also create financial and fraud risks that many organizations overlook. When staffing…

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