With the COVID-19 pandemic disrupting construction projects across the country, contractors should take a closer look at the federal R&D tax credit and how this lucrative tax incentive could mitigate the financial impact of this crisis.
How Accounting Systems Can Help Improve Cash Flow
During an economic crisis, it’s important to be a few steps ahead of the competition with a sound accounting system. When business leaders can rely on their accounting systems and financial reports, they have found the key to winning more contracts and turning a profit.
A Contractor’s Guide to Getting Paid Through Mechanics Liens
Contractors and suppliers need to be familiar with the tools available to ensure they receive fair compensation for the labor provided and materials used on projects. The most powerful of these tools is the mechanics lien.
Contractors Have More Project and Payment Delays Than They Think
COVID-19 is transforming the way construction work is planned, completed and paid for, so contractors need to transform jobsite processes. Those that plan work properly, communicate openly and protect payments every time will be in the best position to meet the demands of a post-COVID-19 construction economy.
Maintain Strong Internal Controls in the Wake of COVID-19
While the current COVID-19 environment is very challenging, some companies are instituting positive changes that may actually yield a stronger, more-efficient and modern approach to internal controls.
Three Mistakes Contractors Make When Filing Preliminary Notices
To file a mechanics lien, construction businesses need to be careful not to commit errors in serving a preliminary notice. Here are some common but fatal preliminary notice mistakes construction businesses need to know.
How Coronavirus Is Impacting the Construction Industry
The IRS extended the deadline to file tax returns and pay taxes, relieving some immediate financial fears for contractors related to COVID-19. Here are a few ways contractors can lessen the impact of the virus on other areas of their businesses.
COVID-19 Tax-Free Section 139 Benefits
The COVID-19 pandemic is now the type of disaster for which an employer may reimburse employees for disaster-related expenses on a tax-free basis, free from Form W-2 or Form 1099 reporting.












