Construction business owners: Does your company substantially contribute to the design of government-funded projects? If so, you may be able to claim a valuable tax deduction.
Protect your construction business with careful project documentation
One of the biggest imperatives of running a construction business is carefully and thoroughly documenting all aspects of your work. Here are some best practices to consider.
What construction businesses with inventory should know about Section 263A
Construction business owners: Does your company carry inventory? If so, you may be required to comply with Section 263A of the Internal Revenue Code. Here’s an overview.
Check your construction company’s vital signs with KPIs
Construction business owners, don’t fear the data! Choose and use the right key performance indicators to monitor your company’s performance.
3 big inventory issues for construction companies
Construction businesses can save time and avoid hassle by maintaining an inventory of critical materials and supplies. But managing that inventory for tax purposes can be challenging.
Should your construction business invest in custom software?
Construction business owners: Is off-the-shelf software not meeting your needs? It could be time to create a custom solution, but you’ll need to first consider various factors.
5 tips for avoiding profit fade
Experienced contractors know the pain of seeing a potentially lucrative job incur costly losses. Here’s how to fight back against profit fade.
How construction business owners can prepare for an IRS audit
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.
An insurance policy glossary for construction business owners
For construction businesses, the cost of insurance can be high but the cost of going without it can be so much worse. Let’s review some important types of coverage.
Your construction company may be able to claim the fuel tax credit
Construction companies don’t want to leave any money on the table come tax time. Many contractors may be unaware that they qualify for the federal fuel tax credit.
