Construction company owners: Have you finished your 2023 budget yet? If so, will it hold up throughout the year? Here are some important points to keep in mind.
Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? These are the Sec. 179D deduction and the Sec. 45L credit.
Construction companies could benefit from energy-related tax incentives in the Inflation Reduction Act. But how to qualify for the full amounts remains murky until federal guidance is issued.
Construction company owners: Is your accounting system good or merely good enough? Make sure it has these key features.
Generally, a construction business with a healthy backlog is working from a position of financial strength. That’s why contractors need to monitor backlog carefully.