Construction businesses face great challenges when it comes to managing cash flow. Here are nine ways to help your cause.
Construction industry awaits guidance on new energy tax incentives
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.
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.
Is your construction company a C corporation? Beware of “unreasonable” compensation
If your construction business is a C corporation, take care that you and other owners aren’t compensated “unreasonably” by IRS standards. A recent court case demonstrates why.
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.
5 change-order pitfalls construction companies should avoid
For construction companies, an efficient process for handling change orders can mean more revenue and stronger profitability. But there are a few things that can go wrong.
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.
Ensure your construction accounting system has the right features
Construction company owners: Is your accounting system good or merely good enough? Make sure it has these key features.
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.
