Taxes

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.

Conflict in Court Over Income Recognition for Construction Contractors

by Barry A. Fischman and Michael D’Addio | Aug 28, 2017
Legal and Regulatory | Taxes

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

by Martin C. McCarthy | Aug 22, 2017
Accounting | Business | Finance | Taxes

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.

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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

Conflict in Court Over Income Recognition for Construction Contractors

Avoid Costly, Inaccurate and Inefficient Payroll Processing

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