Would you recognize an indirect cost if you saw one? Indirect costs can have a substantial impact on a construction company’s financial picture and bottom line. But they’re not always the easiest things to “see.” Let’s zoom in to bring indirect costs better into focus. Viewing the numbers It helps to first define project costs…

Companies that qualify as “small businesses” enjoy several tax benefits, including simplified tax reporting and the ability to defer taxes under certain circumstances. Your construction company’s eligibility for these advantages depends on your gross receipts, including those earned by certain related entities. Previously, the gross receipts threshold was $5 million ($10 million in some cases)….

You Can’t Avoid Taxes, but You Can Take Steps to Minimize Them To help you identify strategies that might work for you in 2019, we’re pleased to present this tax planning guide. It provides a refresher on some of the most significant changes that generally went into effect last year under the Tax Cuts and…

Ongoing vigilance necessary to comply with tax-related provisions Employers face a variety of tax-related compliance requirements under the Affordable Care Act (ACA). Perhaps the most notable is the shared responsibility provision, commonly referred to as “play or pay,” which applies to large employers. It had been scheduled to go into effect in 2014, but it…

Stay on the good side of changing requirements and opportunities Employers face a variety of tax-related compliance requirements under the Affordable Care Act (ACA). As a small employer, you need not comply with one of the most notable provisions — shared responsibility, commonly referred to as “play or pay” — or fear the related penalties….