11.14.23
Follow IRS Rules to Nail Down a Charitable Tax Deduction
Donating cash and property to your favorite charity is beneficial to the charity, but also to you in the form of a tax deduction. However,…
11.14.23
One-Time Thing: IRA to HSA Transfers
Did you know that you can transfer funds directly from your IRA to a Health Savings Account (HSA) without taxes or penalties? According to the…
11.14.23
How To Secure a Business Bad Debt Deduction
Is your business having trouble collecting payments from clients or vendors? Years after the onset of the pandemic, some operations continue to feel the impact…
11.14.23
Is Disability Income Taxable?
Many Americans receive disability income. If you’re one of them or know someone who is, you may wonder whether it’s taxable. As is often the…
11.14.23
Year-End Tax Planning Strategies for Your Business
With year-end rapidly approaching, now is the perfect time to assess your business’s taxable income and 2023 tax obligations to see what steps you can…
11.14.23
The New Energy-Efficient Home Credit for Contractors
Great news for eligible contractors! The new energy-efficient home credit, as defined by Internal Revenue Code (IRC) §45L, has returned. This previously expired credit has…
11.13.23
Tips for Contractors to Proactively Manage Their Supply Chains
Both global and national supply chains received much attention during the pandemic. Slowdowns and choke points have become relatively less common since, but that hasn’t…
11.13.23
Ten Ways Construction Companies Can Tighten Up Their Estimates
Accurate estimates are at the heart of every construction company’s financial success. They provide your team with a foundation to create project budgets, control costs,…
11.13.23
Beware of Tax Surprises When Selling Equipment or Vehicles
Many construction businesses find themselves with equipment or vehicles they no longer need. If you’re thinking about selling or trading in such assets, be sure…
11.13.23
A Cost Segregation Study May Cut Taxes and Boost Cash Flow
Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost…