Employer-Provided Disaster Relief & COVID-19

Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]

Industry Outlook 2019-2020: Construction

Levels of Optimism: High Arizona currently has one of the healthiest construction industries in the U.S., according to the Associated Builders and Contractors (ABC) Merit Shop Scorecard Report. The monthly Scorecard ranks Arizona third in the nation, with a lower unemployment rate than the national average, job growth rate of 10.8 percent and 3.7 percent[ … ]

Industry Outlook 2018: Construction

The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the construction segment here in terms of growth, risk factors, strengths, and trends. Respondents in the construction industry come primarily from general contractor and specialty contractor businesses. Locations are evenly spread between Tucson and Phoenix.[ … ]

Industry Outlook: Construction

The 2017 CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the construction segment here in terms of growth, risk factors, strengths and trends. Respondents in the construction industry came primarily from general contractor and specialty contractor businesses. Locations were evenly spread between Tucson and Phoenix. Half[ … ]

The “manufacturers’ deduction” isn’t just for manufacturers

The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many other types of businesses besides manufacturing companies. Sec. 199 deduction 101 The Sec. 199 deduction, also called the “domestic production activities deduction,” is 9%[ … ]

Construction Salary Survey

PAS, Inc., the source for construction industry salary and benefit benchmark data, CICPAC, the CPAs who know construction, and BeachFleischman, have developed a sampling of the 2015 PAS Executive Compensation Survey for Contractors and the Construction Management Staff Salary Survey. The packet includes data on the following positions: Senior Project Manager Senior Estimator Controller Your[ … ]

Arizona Contractor Transaction Privilege Tax Reform – Final Legislation

Prime Contracting VS MRRA – Definitions and Tax Treatment SB 1446 updates the definitions of Modification and statutorily defines Alteration and Replacement. Modification no longer includes improvement, movement, MRRA (maintenance, repair, replacement, alteration) activities or related mobilization, demobilization, wreckage and demolition. Modification now includes all construction, grading, leveling, wreckage and demolition specifically not MRRA. Alteration[ … ]