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August 16, 2019

Impact of Artificial Intelligence on Renewable Energy

By Steve Carter, CPA, Principal
ASL Renewable Energy Group

The focus on transitioning the nation’s energy needs from existing to renewable sources is the shared mission and passion of most renewable energy companies. The process of transforming natural resources into usable energy is a confluence of science, technology, and even user behavior. However, many challenges remain to achieving the objective. One issue which has been preventing broader adoption of this energy source is the inconsistency of weather. While technology allows for very accurate forecasting, it’s not always correct, and this can create “spikes” in the availability of energy. That’s why companies are turning to artificial intelligence (AI) to help facilitate solutions. AI can help with better micro-grid management, improved reliability, and optimized energy storage. To help clients, prospects and others understand the impact of AI, ASL has provided a summary of key solutions below. (more…)

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Categories: Renewable Energy, Summer 2019
Tags: Artificial Intelligence, renewable energy, Renewable Sources, Steve Carter,
November 15, 2018

Environmental Impact of the Concrete Surrounding You

By Steve Carter, CPA, Principal
ASL Construction Group

When you see a cement mixer going down the street, or at a site getting ready to pour, do you think immediately of the effects upon our environment? I must confess, I have not. Until recently.

Cement is a major component of concrete. Cement is often referred to as the glue that holds concrete together. But cement is very harmful to our environment.  One ton of cement production releases one ton of carbon dioxide (CO2) into the atmosphere. With cement production currently at 2.8 billion tons per year, and expected to only increase, that is a lot of CO2 released into our already fragile atmosphere. (more…)

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Categories: Construction Corner, Fall 2018
Tags: Carbon dioxide, Cement, Concrete, Steve Carter, sustainability,
August 17, 2017

Roofing Costs – Expense or Capitalize, That Is the Question!

By Steve Carter, CPA, Principal
ASL Construction Group

The issue of roof repairs and replacement presents an age-old dilemma for tax professionals and our clients. Generally (and most often optimally), one hopes that such repair, or even replacement costs, can be expensed in the year incurred. But the analysis required to determine what should be done is not so simple, especially with the recent issuance of the Tangible Property Regulations by the IRS.

To get to the best outcome, we need to raise insightful questions with our clients regarding their roofing system.

(more…)

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Categories: Construction Corner, Summer 2017
Tags: capitalize, expense, roof cost analysis, roof repairs, roof replacement, Steve Carter,
November 17, 2016

COSO and Nonprofit Organizations

By Steve Carter, CPA, Principal
ASL Nonprofit Group

Most people who know the acronym COSO (Committee of Sponsoring Organizations of the Treadway Commission) immediately think of publicly traded companies. COSO came upon the scene when Sarbanes-Oxley became a household name.

So why bring up COSO in the context of nonprofit organizations?

The recently issued Uniform Grant Guidance from the Office of Management and Budget stresses the need and importance of strong internal controls for nonprofits, and especially for those receiving federal awards and grants. Adoption of the COSO framework is not mandatory but strongly encouraged. (more…)

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Categories: Fall 2016, Nonprofits
Tags: COSO, Internal control, Nonprofit Organizations, Steve Carter,
February 4, 2016

Cash Flow – The Ins And Outs

By Steve Carter, CPA, Principal
ASL Construction Group

During last December’s AICPA National Construction and Real Estate Industries Conference, I attended a break-out session discussing cash flow for contractors. It was outstanding! How often does one talk about how vital cash flow is to the construction business? The phrase “Cash is King” cannot be more important for contractors.

Let’s talk about what cash flows means, what goes into creating positive cash flows, and best practices to maximize cash flows. (more…)

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Categories: Construction Corner, Winter 2016
Tags: Cash Flow Management, Construction Company Cash Flow, San Jose CPA Firm, Steve Carter,
March 26, 2015

Addressing Surety Concerns About Your Financial Statements

By Steve Carter, Principal

What is happening when a surety questions the accuracy or timely delivery of your financial statements or criticizes the content and consistent presentation? Why all the fuss?

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Categories: Spring 2015
Tags: financial statements, San Jose CPA, Steve Carter, Surety Concerns,
January 13, 2015

Fraud Prevention Strategies - How to Deter Construction and Contractor Fraud

By Steve Carter, Principal

Fraud is an ongoing concern for businesses in practically every industry today. But construction firms and contractors have historically been especially susceptible to fraud schemes.

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Categories: Construction Corner, Winter 2015
Tags: Construction Fraud, Fraud Prevention, San Jose CPA, Steve Carter,

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