Effective tax planning for contractors centers around the ability to show a greater net worth on the contractor’s year end financial statement than on it’s tax return.  The key to accomplishing this is to be able to accelerate deductions or defer income on the tax...

Construction is a risky business. Research shows that over 27% of contractors fail to survive. Most companies perform more than one job at a time. It is not uncommon that the loss that causes the collapse of a company is not the bonded job being performed for a pub...

A joint venture is a separate business interest in which two or more parties are involved.  A joint venture has its own assets, resources and management control. Entering into a joint venture enables contractors to combine their knowledge, skill and finances with o...

The smart construction contractors align themselves with construction professionals including their attorney, banker, bonding and insurance agent, and a construction CPA. Revenue recognition rules based on cost estimates and non-traditional accounting rules for ind...

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