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.
Why an LLC might be the best choice of entity for your business
A limited liability company can give you corporate-like protection from creditors while providing the benefits of taxation as a partnership. Can it work for you?
Estimated tax payments: Who owes them and when is the next one due?
Self-employed taxpayers generally must make quarterly estimated tax payments. But even if you’re not self-employed, you may have to make them to avoid a penalty if you don’t have enough federal tax withheld. Here are the rules.
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.
The Inflation Reduction Act includes wide-ranging tax provisions
The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you.
Reviewing revenue recognition for construction companies
Properly handling revenue recognition is critical for construction companies. Here’s a quick review of the three most used methods.
CHIPS Act poised to boost U.S. businesses
The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions is an investment tax credit for manufacturing facilities and equipment.
Three tax breaks for small businesses
You don’t have to be a large business to benefit from tax breaks. Here are 3 ways that eligible small businesses can save on taxes.
Businesses: Act now to make the most out of bonus depreciation
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.