Many of our team members have been with us for decades, and we’re excited for you to get to know the people who make Cooper Travis what it is.

Cooper, Travis & Company unveils a refreshed brand and website that reflects their growth while honoring over 40 years of trusted client service.

In the construction industry, managing costs effectively is critical to profitability, compliance, and financial and tax reporting. Correctly identifying and allocating indirect contract costs is essential to this cost management.

In a nutshell, these bills, if passed into law, would change the present law and remove the alternative tangible/realty property base from the Tennessee franchise tax (basically Schedule G). Additionally, the bills would require the payment of refunds for open years for taxpayers who paid on the tangible property base.

For the non-public, non-financial sector, it took a while for the new standard on credit losses to get here. But it’s here now and breathing down our necks with a vengeance. CECL (pronounced cecil) was issued by the FASB in 2016. For the non-financial sector, it’s somewhat of a wolf in sheep’s clothing.

What is a construction joint venture (JV) anyway? And why do construction companies enter into such JVs? And, does US GAAP still permit the investing company the choice to use proportional consolidation, instead of the equity method, to present a construction JVs in its financial statements?