Contractors should discuss how changing accounting methods, tax planning and complying with the lease accounting standard will impact current and future surety agreements and debt covenants.
Implications of the Tax Cuts and Jobs Act on Construction Contractors
The tax reform measure that closed out 2017 resulted in the most comprehensive update to the Internal Revenue Code in more than 30 years. Here's an overview of the tax incentives impacting construction businesses.
LLC Versus Corporation: The Best Foundation for Your Construction Business
New tax cuts for corporations and LLCs make both business types attractive. Here's how to decide which one is best for your business.
New Tax Provisions Will Save Contractors Money
Many of the provisions in the recently passed Tax Cuts and Jobs Act will save contractors money, as well as provide some great opportunities to accelerate deductions and defer taxes to later years.
Tax Act Incentivizes Near-term Capital Investment
The initial reception for the Tax Cuts and Jobs Act has been strong, with scores of companies of virtually every size and sector crediting tax reform for significant investments in their workers. But what does the new law mean for the construction industry?
Tax Reform’s Positive Impact on the Construction Industry
The recently passed Tax Cuts and Jobs Act should have a positive impact on design and construction companies, as key provisions of the legislation will converge to drive business investment, employment and wages.
Take Advantage of Deferred Tax Liability for Construction Contracts
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
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.









