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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...
The CFM’s Horizon for 2019
Jan 22, 2021
As another busy year ends, let’s take a look at issues that will continue to impact construction ...
Meals & Entertainment Deductibility: New Requirements & Opportunities
Jan 22, 2021
Before your company opens up a new cafeteria for employees or starts courting potential clients, ...
The New Qualified Business Income: An Overview
Jan 22, 2021
Beginning in 2018, taxpayers can deduct up to 20% of their income from pass-through entities such...
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...
Tax Techniques Column: Most Popular Topics
Jul 01, 2020
Nearly five years ago, this Tax Techniques column was created to keep construction company owners...
Tax Reform Creates Considerations for Construction Companies with Less than $25 Million in Gross Receipts
Jun 01, 2020
Among the many opportunities for small businesses created by tax reform is the expansion and simp...
Two 2019 Tax Laws Impact Multiple Years
May 01, 2020
When preparing their 2019 tax returns, construction companies and their shareholders should consi...
Tax Implications of Selling a Construction Business
Mar 01, 2020
Your owner has built a successful construction company and has decided it’s time to hang up their...
What If There’s a Downturn? Tax Implications for Contractors
Jan 01, 2020
Given the current strength and positive economic outlook for the construction industry, contracto...
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...
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 ...
The New Small Contractor Threshold: Transition Requirements for Tax Purposes
Mar 01, 2019
Based on average annual gross receipts, contractors may be able to use tax reporting methods othe...
Sales Tax Implications & Considerations for Contractors
Jan 01, 2019
In the construction industry, success necessitates the ability to cost-effectively create a build...
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...
How Contractors Can Navigate the Alternative Minimum Tax (AMT)
Jul 01, 2018
The AMT is intended to prevent taxpayers from paying too little income tax.
The Various Buckets of Depreciation: Current Rules & Changes
May 01, 2018
Tax depreciation rules can be complex.
Tax Cuts & Jobs Act: Reevaluating S vs. C Corporations
Mar 01, 2018
This article presents a few situations to help consider whether an entity change makes sense with...
Purchasing a New Construction Vehicle: Tax Considerations
Mar 01, 2018
Are you thinking about purchasing a new vehicle for your construction site? While tax considerati...
The Tax Cuts & Jobs Act & Your Financial Statements
Mar 01, 2018
Income taxes are an integral part of financial statements. The recently passed Tax Cuts and Jobs ...
Tax Reform Changes Affecting Contractors
Jan 01, 2018
When the conferees got together to combine the House and Senate bills they took some of the best ...