Three Best Tax Reform Changes for Contractors
The Tax Cuts and Jobs Act comes with many positive aspects, regardless of its less-than-stellar reputation. Following are three ways TCJA benefits construction contractors.
GPS Fleet Systems Help Drive Safety and the Bottom Line
Whether it’s providing near real-time location updates, reducing breakdowns or improving vehicle security, GPS fleet tracking solutions can provide numerous benefits to help fleet managers keep their teams and vehicles on the road and safe this summer.
Solve Construction Challenges With Intelligent Information Management
Construction companies face numerous pressures—some of which can be mitigated by a simple information management strategy. Through a unified, consolidated document management system, construction companies can increase efficiency and productivity.
Entity Structure for Contractors Under the New Tax Law
It is important to analyze the unique characteristics of each business while considering the federal and state tax implications and the business’ long-term intentions to pick the right entity structure.
Four Common Mistakes That Hurt a Construction Company’s Cash Flow
Cash flow issues are some of the biggest challenges of all business owners. By taking note of potential pitfalls in business operations, construction business owners can mitigate future issues and keep the company in the black.
Avoid Misunderstanding the Importance of Contract Ratios
Without a proper understanding of the ratios specific to the construction industry, contractors run the risk of compromising their financial strength.
Depreciation Rules Under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act of 2017 changed the depreciation rules for qualified real property. Contractors need to be aware of these changes, as well as how certain assets need to be depreciated or expensed under TCJA.
Rethinking Fleet Financing to Improve Bottom Line Results
The construction sector is stabilizing following a period of rapid growth. While fundamentals are healthy, experienced contractors understand that whether a long phase of stability or a downturn is on horizon, it’s important to adjust their fleet management and business operations strategies accordingly.
