Taxes

Considerations When Balancing Strong Financial Statements and Tax Savings

by Robert Mercado, Taryn Smith | Dec 15, 2019
Accounting | Business | Finance | Taxes

Often, the primary focus for year-end is the tax liability based on the company’s annual earnings. However, sometimes the requirements for financial reporting purposes conflict with expectations regarding taxable income. Planning for this is essential.

Year-End Tax Planning Strategies for Contractors

by Jacquelyn Himes | Oct 24, 2019
Accounting | Risk Management | Safety | Taxes

Taking a strategic approach to tax planning can be beneficial, contractors should weigh costs verses benefits before implementing any tax planning strategy.

Worker Classification: Employee or Independent Contractor?

by Lariza Hebert | Aug 24, 2019
Human Resources | Law | Legal and Regulatory | Taxes

Government crack-downs on misclassification of employees, along with class-action lawsuits challenging the classification of some employees, could cost an employer back pay, liquidated damages and fines.

2019 Executive Insights: Construction Accounting

Industry experts share insights and best practices for construction accounting.

Construction Accounting Methods for Financial Reporting and Income Tax Reporting

Here are several scenarios highlighting the accounting treatments available to construction contractors that may differentiate their financial reporting from their income tax reporting.

Building a Constructive Future With TCJA

by Bryan C. Porter, Richard S. Toomey | Jul 11, 2019
Accounting | Business | Finance | Taxes

Although many filers spent 2018 reacting and adjusting to the new law, 2019 should be the year to focus on future strategies and understand how to proactively position their construction firm for success under the new tax regime.

Avoid Tax Trouble by Ensuring Construction Workers Are Correctly Classified

by Gregory S. Seador | Jun 13, 2019
Business | Human Resources | Legislation | Taxes

With the recent increase in the number of federal and state task forces aimed at curbing tax fraud, construction companies would be wise to ensure their businesses are in compliance with tax laws. Contractors can reduce the risk of an audit and incurring costly penalties by accurately classifying workers.

Three Best Tax Reform Changes for Contractors

by Joseph Molloy | Jun 6, 2019
Accounting | Business | Finance | Taxes

The Tax Cuts and Jobs Act comes with many positive aspects, regardless of its less-than-stellar reputation. Following are three ways TCJA benefits construction contractors.

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Considerations When Balancing Strong Financial Statements and Tax Savings

Year-End Tax Planning Strategies for Contractors

Worker Classification: Employee or Independent Contractor?

2019 Executive Insights: Construction Accounting

Construction Accounting Methods for Financial Reporting and Income Tax Reporting

Building a Constructive Future With TCJA

Avoid Tax Trouble by Ensuring Construction Workers Are Correctly Classified

Three Best Tax Reform Changes for Contractors

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