Section 179D Tax Deduction Extended for Commercial Building Owners and Designers

Energy-efficient building design has been gaining more traction in recent years. When sourcing renewable materials or designing for sustainability, there are more ways than ever for building owners and designers to save money on taxes and offset construction costs.

Improving Safety Data and Lowering Risk on Construction Sites in 2020

Construction worksites are responsible for about one out of every five workplace-related fatalities in the U.S. each year. Safety practices have drastically improved over the past two decades, but even one fatality is a failure.

2020-03-02T21:31:42-05:00February 4, 2020|Categories: Construction and Real Estate|Tags: , |

How Employers Can Comply with the DOL’s New Overtime Rules

After more than four years in the draft proposal stage and federal lawsuits, Congress recently enacted new overtime rules for white-collar workers.

Like-Kind Exchanges and Installment Sales

When business owners have divergent goals, Section 1031 contains several provisions for like-kinded exchanges and installment sales that can be used to satisfy all parties involved. Proactive tax planning can minimize and delay taxes due while allowing members to pursue their desired outcome.

2020-01-02T15:49:36-05:00January 2, 2020|Categories: Accounting, Construction and Real Estate, Tax: Business|Tags: |

How Can Construction Companies Manage Cybersecurity Risks?

Construction contractors can spend their entire career bidding work, managing projects and handling cash flow issues, while on the way to a banner year. Then [...]

Congressional Tax Reform Bill Full of Changes

Tax Cuts and Jobs Act Impacts Businesses and Individuals Congressional Republicans have been working on a bill to simplify the tax code and reduce the [...]

2018-09-11T19:11:32-04:00November 3, 2017|Categories: Construction and Real Estate, Small Business, Tax: Business, Tax: Individual|Tags: , |

Look-Back Interest on Long-Term Construction Contracts

If you are a construction contractor reporting long-term contracts on the percentage of completion method (§460(b)(1)) you may be required to calculate look-back interest (§460(b)(2)) [...]

Changes to Virginia Sales Tax Effective as of July 1, 2017

Each year the Virginia Legislature passes changes to the Virginia Tax Code that impacts residents and those doing business in Virginia. While many of the [...]

You Don’t Have to Take Business Insurance Costs Sitting Down

Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it’s not for your company, proper coverage remains a risk [...]

2018-09-11T19:37:43-04:00July 13, 2017|Categories: Accounting, Business Advisory, Construction and Real Estate, Small Business|Tags: |

Cash Flow Considerations for Seasonal Businesses

Seasonal businesses often face intense cash flow fluctuations. It is important to optimize your operating cycle to prepare for the down time your company will [...]