Accounting Outsourcing Solutions for Construction Companies

See why your internal accounting processes might be wasting time and money and how easy it can be to digitize your accounting function and make it significantly more efficient.

2024-01-03T14:22:17-05:00January 3, 2024|Categories: Cloud Accounting, Construction and Real Estate|Tags: |

Leveraging General Asset Accounts in Building Demolition Strategies

GAAs offer a strategic solution for real estate developers facing tax implications of building demolition, particularly concerning Section 280B. However, implementation requires careful consideration of timing, rules, and financial analysis.

2023-12-27T15:26:53-05:00December 27, 2023|Categories: Construction and Real Estate|Tags: |

Transferring Federal Energy Tax Credits

The Inflation Reduction Act introduced transferable federal energy tax credits, with guidance for implementation released mid-2023. This clarifies the process for transferring energy-related tax credits and aims to promote growth in the clean energy sector.

2023-12-21T09:35:30-05:00December 20, 2023|Categories: Construction and Real Estate|Tags: , |

Davis-Bacon Act Updates Add Liability, Definitions for Federal Construction Contractors

The DOL's overhaul of the Davis-Bacon Act in October 2023 brings substantial changes to federal construction contractors. These revisions include prevailing wage adjustments, increased contractor liabilities, and apprenticeship mandates.

2024-01-02T08:48:48-05:00December 15, 2023|Categories: Construction and Real Estate|Tags: |
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