Most people, including construction business owners, feel a sense of relief when their taxes are filed. But contractors need to make tax planning a year-round activity. Here are some Q&As to consider.
Construction business owners: Are you doing everything you can to manage materials and labor costs in today’s inflationary environment? Here are some strategies to consider.
Construction companies can use various accounting methods for tax-reporting purposes. Here’s a handy review of 10 of the most widely used approaches.
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?
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.
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.