Expansion of Small Contractor Exemption: Percentage-of-Completion Method for Long Term Contracts

Small Contractor Exemption The Tax Cuts and Jobs Act (TCJA) provides relief for small taxpayers by expanding the small contractor exception, thereby allowing more taxpayers to opt out of using the percentage-of-completion method for long-term contracts. Under the TCJA the exemption for small contractors increases from $10,000,000 in average gross Read more…

OCADA Annual Meeting

Every year the automotive accounting group at LSL attends the Annual OCADA Meeting. OCADA is the place where automotive dealers and accounting professionals can meet to discuss the latest developments in compliance, critical processes, and leadership. LSL’s Automotive Team is excited to listen to speaker and former Blue Angel, John Foley, Read more…