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.
Succession planning considerations for construction business owners
Construction business owners often leave one item unchecked on their personal punch lists: Create and maintain a succession plan. Here are some key points to make the task easier.
Is your construction company’s 2023 budget built on a solid foundation?
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.
Prevent fraud at your construction company with a holistic approach
Fraud is an ever-present threat for construction businesses, both in the office and on jobsites. That’s why contractors must leave no stone unturned when trying to prevent it.
Reviewing 10 tax accounting methods for construction companies
Construction companies can use various accounting methods for tax-reporting purposes. Here’s a handy review of 10 of the most widely used approaches.
Inflation Reduction Act expands deductions for energy-efficient construction
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 businesses must step carefully when hiring on-site labor
Construction business owners: Are those with hiring power at your company up to speed on the FLSA and its rules regarding employees vs. independent contractors?
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.
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.
