Cobb County Board approves $462 million GMP for new Braves stadium

bravesIn May, the Cobb County Board of Commissioners approved the GMP (guaranteed maximum price) for construction of the new Atlanta Braves stadium at $462.2 million. Cobb Chairman Tim Lee said that this price was “where we expected it to be,” …

Guest Post: Treasury Issues Temporary Regulations Concerning Tangible Property Costs

This guest post was written by Alan Clark, CPA, a construction industry accountant at Smith, Adcock and Company.

The IRS issued Temporary Regulations in its current round of attempts to clarify when to deduct and when to capitalize tangible property …