The 9th Circuit Court’s review of how construction contractors should recognize income had a somewhat surprising outcome. The question being considered was: Should developers recognize income under the completed contract method when the entire project is complete or after the sale of each home?
Avoid Costly, Inaccurate and Inefficient Payroll Processing
Construction contractors should be careful to properly classify workers, pay prevailing wages and certify payroll on government projects, as well as pay state and local employment taxes at the right rate and for the correct amount of time a worker is on the job.
Qualifying for and Pursuing The R&D Tax Credit
More construction companies are taking advantage of the R&D tax credit than ever before and are realizing substantial savings in the process.
Dissecting the House Tax Blueprint
In June 2016, as part of Speaker Paul Ryan’s “Better Way” initiative, the House Ways and Means Committee rolled out its “Blueprint” for tax reform.
Bookkeeping Best Practices for a Smooth Tax Season: Construction Contractors Must Maintain Accurate Books to Understand Financial Health
By spending time each month making sure the company books are up-to-date, business owners will have a better idea about the financial health of the company, as well as a much less time-consuming and stressful tax season.
Trump’s Proposed Tax and Regulatory Changes Likely to Impact Construction Industry
Trump proposed big plans for changes related to tax credits, deductions, expenditures and rates that would affect construction companies. Learn how your business could be affected if his proposals gain congressional approval.
Employers Face Expedited Deadline to Send W-2 Forms: Construction Contractors Must Be Aware of New Tax Deadlines
Construction companies must send employees W-2 forms by Jan. 31, 2017, which is one month earlier for paper filers and two months earlier for electronic filers. Learn about all related deadlines and how to comply.
Save Cash Using a Tax Deferral Strategy: Construction Contractors Can Defer Taxes to Keep More Cash on Hand
All contractors should be aware of tax deferral strategies and tax savings opportunities that are available to the industry. A tax deferral is a cash flow strategy that can help maintain fluid operations. Contractors must have a plan for creating the deferral and unwinding it.








