The R&E tax credit is a federal tax credit for the development or improvement of products, processes, formulas, techniques, inventions and software. Changes to the tax code opened this credit up to a wide variety of industries, including construction.
How Contractors Can Start Taking Advantage of Tax Reform
As the corporate tax deadline for returns on extensions comes and goes, some contractors can start to take advantage of recent changes to the tax codes.
Six Tax and Surety Considerations for the New Lease Accounting Standard
Contractors should discuss how changing accounting methods, tax planning and complying with the lease accounting standard will impact current and future surety agreements and debt covenants.
Implications of the Tax Cuts and Jobs Act on Construction Contractors
The tax reform measure that closed out 2017 resulted in the most comprehensive update to the Internal Revenue Code in more than 30 years. Here's an overview of the tax incentives impacting construction businesses.
LLC Versus Corporation: The Best Foundation for Your Construction Business
New tax cuts for corporations and LLCs make both business types attractive. Here's how to decide which one is best for your business.
New Tax Provisions Will Save Contractors Money
Many of the provisions in the recently passed Tax Cuts and Jobs Act will save contractors money, as well as provide some great opportunities to accelerate deductions and defer taxes to later years.
Tax Act Incentivizes Near-term Capital Investment
The initial reception for the Tax Cuts and Jobs Act has been strong, with scores of companies of virtually every size and sector crediting tax reform for significant investments in their workers. But what does the new law mean for the construction industry?
Tax Reform’s Positive Impact on the Construction Industry
The recently passed Tax Cuts and Jobs Act should have a positive impact on design and construction companies, as key provisions of the legislation will converge to drive business investment, employment and wages.











