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Business or Hobby? Answer Has Implications for Deductions

Link: Business or Hobby? Answer Has Implications for Deductions.

The IRS has issued guidance on determining whether an activity is a business or a hobby.  This is important because if the activity is determined to be a hobby, then any losses incurred are not deductible.

Understanding Contractor Financial Statements

Link: ABC GAC - Calendar.

Our managing partner, Steve Kirschner is teaching a class for the Georgia chapter of the Association of Builders and Contractors.  The course is titled Understanding Contractor Financial Statements and is geared toward project managers.  The course is scheduled for May 9th.  You can register by clicking here.