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
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
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
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.
Entity Structure for Contractors Under the New Tax Law
It is important to analyze the unique characteristics of each business while considering the federal and state tax implications and the business’ long-term intentions to pick the right entity structure.
How Contractors Can Thrive Despite Tariffs and Labor Shortages
How can contractors weather this perfect storm of escalating costs and a shortage of workers? Here are a few tips.









