Tag Archives: construction

The Cost Segregation Secret to Permanent 2017 Tax Savings

With the change in the tax law that became effective January 1, 2018, many taxpayers will benefit from lower income tax rates beginning in 2018.

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Tax Reform Increases Long-Term Construction Contract Exception Limit

There is great news for certain construction company contractors in the tax reform package. The 2017 Tax Cuts and Jobs Act increases the gross receipts limit to qualify for the small construction contract exception to the percentage of completion method by $15 million.

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Understanding Why Construction Contractors Fail

Looking for a risky career? Try being a real estate contractor—it’s one of the riskiest businesses around.

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The Three Cs of Surety Bonds for Construction Companies

Sureties primarily provide three types of bonds in the construction industry that include varying forms of protection. Often confused with insurance, surety bonds work like a form a credit—a guarantee that the construction company will carry out a contract within all applicable laws and regulations.

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Payroll and Budgeting for Seasonal Construction Jobs

Although the construction industry can be quite profitable, it does have a major drawback: in areas where the winter season prevents construction projects from getting started, teams of workers and even entire construction firms have to be extremely careful when it comes to managing their budgets.

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Featured Job Opportunity: Manager of Estimating & Business Development

We are currently searching for a Manager of Estimating & Business Development for our construction client.

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IRS Allows for Casualty Loss Deduction for Deteriorating Concrete Foundations Made with Pyrrhotite

The IRS recently released a revenue procedure that allows taxpayers to take a deduction related to repairs on the foundation of their personal residence due to faulty concrete. Concrete mixed with the mineral pyrrhotite was recently found to be faulty, which is causing homeowners to pay for costly repairs to fix cracks and their crumbling foundations.

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Featured Job Opportunity: Manager of Estimating & Business Development

We are currently searching for a Manager of Estimating & Business Development for our construction client.

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Historic Tax Credit Program Faces Elimination Under Proposed Tax Reform Plan

The tax reform bill making its way through Congress could end or significantly impact tax credit and incentive programs that have greatly benefitted real estate development projects in Ohio, Florida and across the country.

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Impact of Ohio’s New Budget Bill on Ohio Contractors

The Ohio Legislature recently enacted a new budget bill with key provisions that will impact contracting businesses operating in Ohio.

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