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Deducting Bad Debts for Tax Purposes: A Primer
Jan 29, 2021
Collectively, the employees of a construction company work hard to perform work and provide servi...
Tax Implications of Owning Your Corporate Headquarters
Sep 02, 2019
You own a successful construction company and the lease on your corporate headquarters is ending ...
Primer on Contractor Tax Deductions for Car & Truck Expense
Nov 01, 2019
Since contractors invest in and use many types of vehicles, including cars and trucks, maximizing...
How to Compute Percentage-of-Completion for Your Tax Return
Jan 02, 2017
In construction, the percentage-of-completion method (PCM) is required for revenue recognition, u...
DPAD Regulations Revisited: What Contractors Need to Know
Nov 01, 2016
As part of the American Jobs Creation Act of 2004, Congress passed the Domestic Production Activi...
Protect Your Company with the IRS’ Construction Audit Techniques Guide
Nov 01, 2016
As the construction industry returns to prerecession levels, CFMs should prepare for increased IR...
Handling Claims & Disputes Under the PCM
Sep 01, 2016
Despite efforts to ensure communication is clear and contracts are effectively worded, contractor...
R&D Tax Credit Changes Open Doors for Contractors
Sep 01, 2016
Since 1981, Internal Revenue Code (IRC) §41, Credit for Increasing Research Activities, known as ...
Tax Implications of Debit Shareholder Loans
Jul 01, 2016
Why would a shareholder of a closely held construction company owe the company money
Temporary Assignments & Per Diem Reimbursements
May 02, 2016
When an employee is sent to temporarily work at a location away from the home office,
Tax Strategy Considerations for Succession Planning
Mar 01, 2016
Succession planning can be a difficult process with both financial and nonfinancial considerations.
Understanding Cost Segregation Studies & Potential Tax Benefits
Mar 01, 2016
Most CFMs know about depreciation and the specialized rules that should be scrutinized to ensure ...
Construction Tax Accounting Methods & Choices: An Overview
Jan 01, 2016
Accounting for income from construction contracts is not always easy or straightforward.
Converting from a C to an S Corporation? Beware the Built-in Gains Tax
Mar 01, 2017
To avoid double taxation, a C corporation may consider converting to an S corporation.
Maximizing Retirement Planning Options
Jul 03, 2017
With the construction industry currently experiencing a positive economic cycle, it’s critical fo...
Two-Step Exit Plan Minimizes Taxes & Risk on Insider Transfers
Sep 01, 2017
When it’s time to transfer ownership within a company, the CFO (with help from outside profession...
Joint Ventures: Tax Considerations
Nov 01, 2017
Contractors use joint ventures for a variety of reasons.
Tax Advantages & Disadvantages of Multiple Entity Structures
Jan 01, 2015
Business-minded contractors are constantly reviewing and strategically expanding their service of...
I Will Pay You Tomorrow for a Tax Deduction Today
Aug 01, 2018
Much like the Popeye the Sailor cartoon character, Wimpy, famously said he would “gladly pay Tues...
Are You Ready for the New Partnership Audit Rules?
Jul 03, 2017
Partnerships and LLCs have grown in popularity given their governance flexibility, liability prot...
Three Ways to Defer or Avoid Taxes on the Sale of Your Business
Jan 01, 2021
How do taxes play into the sale of a business, and how can owners minimize those taxes while stil...