Choose the Right Methods of Accounting to Optimize Tax Strategies
The IRS Construction Industry Audit Technique Guide illustrates 10 tax methods of accounting.
Top Projections for Small Construction Businesses in 2022
Many uncertainties remain in 2022, and the coming year may be as eventful and more opportunistic than those of recent past.
Net Operating Loss Carryback or Carryforward: What Is Best to Reduce Income Tax Liability?
Contractors must determine whether to take a carryback and refund or keep the NOL available.
There’s Still Time to Take Advantage of the Employee Retention Credit
The Employee Retention Credit can be complicated to calculate. It is worth the effort, however.
Many Contractors Remain Unaware of the Refundable Tax Credit for Employee Retention
Many businesses remain unaware of the Employee Retention Credit and the benefit that it could bring them if they qualify. It is always worth exploring the possibility of qualification for any company, as the dollars involved can often be startling.
Real Estate Tax Savings Opportunities Through a Cost Segregation Study
Real estate investors and contractors that acquired, renovated or built a building should consider a cost segregation study to determine if the property qualifies for accelerated depreciation.
European Union Carbon Border Tax Is a Call to Action for U.S. Construction
For construction companies that choose to embrace collaborative, data-intelligent thinking, the low-carbon economy becomes fertile territory for growth and competitive differentiation, not just another regulatory burden.
Six Tax Planning Opportunities for Construction Contractors
Many tax provisions were implemented under legislation aimed to help businesses and individuals deal with the COVID-19 pandemic and its ongoing economic disruption. Here are some strategies to consider.
