Taxes

Take Advantage of Deferred Tax Liability for Construction Contracts

by Don Singleton | Feb 27, 2018
Accounting | Business | Contracts | Taxes

There are numerous ways that tax reporting for construction contracts can create taxable temporary differences and thus a deferred tax liability for financial reporting. Here's how.

Tools to Help Contractors Defer Income Tax

by Don Singleton, Kenneth Padgitt | Feb 13, 2018
Accounting | Business | Taxes

Several tools are available to construction contractors to defer income tax liabilities. Often, these tools are not being used effectively—or even being taken advantage of at all.

New Tax Law Tools to Add to Contractors’ Tool Belts

by Laura Culp | Feb 5, 2018
Accounting | Business | Taxes

The first major tax overhaul in decades is now a reality. Its provisions will impact the construction industry in positive and negative ways. Construction industry leaders need to fully understand the law, assess their unique situations and make decisions in response that position their businesses for long-term success.

Leverage Cost Segregation for Significant Tax Deferrals

by Louis Guay | Jan 23, 2018
Accounting | Business | Finance | Taxes

Cost segregation can lead to significant tax deferrals, a boost in cash flow and an increase in capital immediately available for new projects—and the new tax law has made it even more valuable for a limited time.

Year in Review: Trump and Congress Pave Road to Growth for 2018

by Brad Mannion | Jan 11, 2018
Law | Legal and Regulatory | Taxes

As the Trump administration and the 115th Congress begin their second year, their accomplishments in 2017 set a course to create a lasting pro-growth business environment in the years ahead.

Five Tax Strategies to Reduce Contractors’ Income Tax Liability

by Martin C. McCarthy | Dec 13, 2017
Business | Taxes

Because sureties rely on the strength of a contractor’s financial statements to determine the company’s character, capacity and capital for a bonding program, it is important to take a holistic approach to tax planning.

Plan Now for Tax Season

by James Lundy | Nov 28, 2017
Accounting | Business | Taxes

It is essential that construction companies' operations be reviewed prior to year-end while considering the savings available from tax methods, depreciation, related party payments and other tax deductions and credits.

Claim the 179D Deduction for Eligible Past Construction Projects

by Andy Gerstenhaber | Nov 8, 2017
Business | Taxes

While the future of the 179D deduction remains uncertain, business owners should take a look at their past projects while they still can to determine their eligibility.

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Take Advantage of Deferred Tax Liability for Construction Contracts

Tools to Help Contractors Defer Income Tax

New Tax Law Tools to Add to Contractors’ Tool Belts

Leverage Cost Segregation for Significant Tax Deferrals

Year in Review: Trump and Congress Pave Road to Growth for 2018

Five Tax Strategies to Reduce Contractors’ Income Tax Liability

Plan Now for Tax Season

Claim the 179D Deduction for Eligible Past Construction Projects

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