No one likes the prospect of an IRS audit, and this certainly includes construction business owners. But there are ways to always be ready and to ease the pressure if it does happen.
How construction companies can cope with the skilled labor shortage
Construction company owners: Are you tired of the skilled labor shortage? Unfortunately, the struggle goes on, but there are ways to manage.
Why smaller construction companies should consider the research credit
Builders can be innovators. The research tax credit seeks to reward that innovation. And if you own a small construction business or start-up, this tax break has an intriguing feature related to payroll taxes.
Intangible assets: How must the costs incurred be capitalized?
Any transaction your business engages in involving intangible assets and their related costs should be analyzed to determine the tax implications. Here are the basic rules.
9 cash-flow management tips for construction companies
Construction businesses face great challenges when it comes to managing cash flow. Here are nine ways to help your cause.
Manage your construction business … and your wealth
Construction business owners: Are you paying as much attention to your personal wealth management as you are to your company’s financials? It’s important to balance the two.
Give your construction company’s bonding capacity a solid foundation
Construction business owners: Is your bonding capacity as high as you want it to be? Pleasing your surety starts with generating sound, trustworthy financial statements.
Could the Work Opportunity Tax Credit help your construction company?
The Work Opportunity Tax Credit can lower your construction company’s tax bill dollar-for-dollar. Here’s a simple overview of how it works.
Placing a high value on a construction business valuation
Getting a business valuation for your construction company might seem necessary only if you want to sell it. But the truth is there are many valid reasons to obtain one.
Tax-saving fundamentals for construction companies
It might seem like “tax time” is just about over, but contractors should keep some things in mind all year long.