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The Infrastructure Investment and Jobs Act Includes Tax-related Provisions You’ll Want To Know About

Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known…

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Many Factors Are Involved When Choosing a Business Entity

Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best…


Lessons Contractors Learned from the Pandemic

Due to the essential nature of its work, the construction industry was able to continue to operate during the COVID-19 pandemic. However, similar to the…

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Follow the Cutoff Rules for Revenue and Expenses

Timing counts in financial reporting. Under the accrual method of accounting, the end of the accounting period serves as a strict “cutoff” for recognizing revenue…

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Is the Research Credit Within Your Reach?

Many construction company owners might assume that a tax credit related to research and development is out of their reach. Au contraire — contractors can…

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Put Some PEP in Your Step: A New Retirement Plan Option To Consider

For construction companies struggling to find skilled labor, a generous benefits package that includes a robust retirement plan can be a powerful recruiting tool. But…

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Employers: The Social Security Wage Base Is Increasing in 2022

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for…

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Get Your Piece of the Depreciation Pie Now With a Cost Segregation Study

If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost…

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Debate Continues in Congress Over Proposed Tax Changes

Negotiations continue in Washington, D.C., over the future of President Biden’s agenda. Tax law changes may be ahead under two proposed laws, the Build Back…

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Techniques To Improve Internal Financial Reporting & Analysis

Having sound financial reporting is an important practice for any business.  Ensuring that your internal reports are not only timely but accurate and complete is…