While the industry continues to experience an increase in residential construction, other sectors are not doing as well. Private contractors in sectors that are declining should consider changing how they do business, what they produce or both.
Tax Planning for 2021: What Can Construction Firms Do?
In this environment of increased uncertainty, tax planning is not only possible, it is a critical step in preparing for 2021.
Tax Questions Every Contractor Should Consider Entering 2021
At the start of 2021, contractors should consider the following questions to determine if they have taken advantage of all available tax elections.
Understanding the Impacts of Implementing Topic 606
Understanding the ramifications of Topic 606 and the differences between the varying financial reporting and tax rules is imperative.
Three COVID-19 Tax Benefits To Maximize Before 2020 Ends
Congress has provided tax credits and benefits to help ease the economic blow of COVID-19. Businesses need to maximize these before 2020 wraps up to help sustain operations and to set up a 2021 recovery.
Five Things Every Auditor Needs to Know About Taxes This Year
Here are five things that every auditor should be able to discuss with construction clients for this coming tax year.
R&D Tax Credit Can Boost Cash Flow for Construction Companies
With the COVID-19 pandemic disrupting construction projects across the country, contractors should take a closer look at the federal R&D tax credit and how this lucrative tax incentive could mitigate the financial impact of this crisis.
CARES Act Provides Paycheck Protection, Loans, Tax Credits
The CARES Act provides approximately $2 trillion in aid to individuals and businesses throughout the country. Contractors are encouraged to consult with their accountants and financial advisers on the new payroll and tax provisions.









