Changes to how governmental entities report compensated absences like vacation and sick leave

The NIH set a new policy that limits indirect cost recovery to 15% for research grants starting February 7, 2025. This alters the previous variable rates that institutions negotiated between 30% and over 60%. The NIH policy shift intends to increase funding for scientific research while ensuring NIH practices match those used by private foundations such as the Gates Foundation. The change creates substantial obstacles, especially for smaller institutions that depend on these funds to support their operations.

In the last few years, real estate and construction leaders have made great strides to implement new technologies into their regular practices. While these advances have uncovered additional efficiencies, their adoption has created a critical vulnerability: data security.

Pass-through entities, including partnerships, S corporations, and LLCs, can benefit from many tax advantages due to their structure, but they also encounter distinct challenges. Discover the top challenges and actionable steps leaders can take to address these issues.

Another update on the Corporate Transparency Act: Beneficial Ownership Information reporting is once again required.

The new year ushered in some chilling winter weather, and it also brought us a brand new tax season. As we look back at a challenging year in the construction industry, with high interest rates, high supply costs, and steep inflation, here are some things to consider in 2025.