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A Quick Guide to Percent of Completion for Long-Term Construction Contracts

9/10/2024 - By Thomas Manteiga, EA

If you're a contractor working on projects that stretch across multiple months or years, you've probably faced the challenge of figuring out how to record revenue and expenses for tax purposes. You may have billed a customer, but does that mean you should recognize the revenue? This is where percent of completion comes in, and it can be a bit tricky to navigate—especially if you're not sure how to connect the costs incurred with the revenue earned. Let’s break it down.

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The Unwinding of the Yen "Carry" Trade

9/9/2024 - By Mark Hemby, CFA®, CFP®

At the start of August, the U.S. stock market experienced an unexpectedly sharp decline, losing over 7% in just the first three trading days. While those losses were eventually recovered, many investors were left wondering what caused such a dramatic sell-off. The answer lies in something known as the "carry trade," specifically, the Yen carry trade. But what exactly is the Yen carry trade, and why did it have such a significant impact on equity markets?

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Preventing Identity Theft: Tips to Protect Yourself & Your Family

8/30/2024 - By Michael Hall, CFP

The recent data breach at the Social Security Administration has raised concerns about identity theft and the potential compromise of personal information. Here are some steps you can take to protect yourself and your loved ones in an increasingly digital world.

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Ready to Level Up!? Our 2024 Summer Growth Challenge Recap

8/19/2024 - By Gabby Symons

Your Saltmarsh Family spent the summer flexing our ‘business development muscles’ during the firm’s annual Level Up competition! The entire firm split into twelve teams and went head-to-head competing for a spot on the coveted Level Up podium. 

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Facility Assessment Tool Updates Effective 8/8/2024

8/14/2024 - By Jennifer Ziolkowski, MBA, CLSSYB

New, revised guidance for the CMS Facility Assessment tool requirement (F838) is now in effect, and providers need to be prepared to avoid non-compliance. While this tool was initially designed to be reviewed annually and include information on both the resident population and the resources required to provide adequate care, additional provisions have been defined which expand the scope of the tool and impose new expectations on providers.

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