What contractors should know about bonus depreciation

As projects heat up, construction company owners often find they must buy additional equipment or other assets to ensure project success and remain competitive. Because return on investment for high-dollar purchases can take years, finding the right tax deductions to help offset costs is critical to staying in the black. The good news is that, […]

WW&D establishes scholarship for local accounting students

Wheeler Wolfenden and Dwares, CPAs (WW&D) announces the creation of the Wheeler Wolfenden and Dwares, CPAs Accounting Scholarship in the Lerner College of Business and Economics at the University of Delaware. This endowed scholarship will provide an annual award of $2,000 in perpetuity, beginning in the 2018-2019 academic year. The University will award the scholarship, […]

Upcoming changes for not-for-profit organization financial statements

Some changes in your year-end financial statements will be required that are designed to more clearly indicate your organization’s financial position as a result of a recent Financial Accounting Standards Board Accounting Standards Update (FASB ASU). The changes prescribed in Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14) will affect […]