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Changes to Fringe Benefits, Entertainment Expenses

The tax reform legislation that Congress signed into law on December 22, 2017, was the most significant change to the tax system in over three decades. The new tax code contains many provisions that will affect individual, estate, and corporate taxpayers. One of those changes, the elimination of a business-related deduction used for entertainment, amusement […]

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New Tax Credit Available to Employers Who Offer Paid Leave

Construction and engineering firms looking to grow and thrive in uncertain times need to understand their tax credit eligibility. Around this time of year, we suggest exploring new or revised tax credits that can help offset the amount of money owed to the federal and state governments. Unfortunately, many contractors fail to recognize every tax […]

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What the Overturn of the Physical Presence Standard Could Mean for the Construction Industry

On June 21, 2018, The U.S. Supreme Court issued its highly anticipated decision in the South Dakota v. Wayfair case. The verdict declared that states can impose sales tax nexus without requiring a seller’s physical presence in the state and will have significant implications for all sellers, including automotive suppliers. This decision overturns the Supreme […]

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Year-End Tax Planning Strategies for Construction Contractors

As the end of the year creeps up, now is the time to consider tax strategies and financial statement performance for your operation. Planning will be especially important this year considering the passage of the Tax Cuts and Jobs Act (TCJA). There are different tax methods available, and unlike many industries, construction can choose more […]

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2018–2019 Tax Planning Guide

Visit our online 2018-2019 Tax Planning Guide or download the PDF. Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning—estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you, we’re pleased to present […]

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