Construction Industry Lunch & Learn
Please join us on December 19th for the latest accounting updates in the construction industry. RSVP by December 12th by emailing Sadie Snyder. We hope you can join us!…
Please join us on December 19th for the latest accounting updates in the construction industry. RSVP by December 12th by emailing Sadie Snyder. We hope you can join us!…
As a construction company leader, you’re aware of the intricacies involved in managing construction finances. From budgeting and forecasting to bidding projects, your expertise plays a pivotal role in project success and your company’s financial success. One area that often confuses construction leaders is overhead because of the judgement…
KT will be hosting our annual Construction Industry Lunch & Learn from 12-1pm on Wednesday, December 13th. Our presenters will be returning from the AICPA Construction Industry conference with the latest updates on legislation, cash management, and the changing labor landscape. RSVP sooner than later as space is limited.
This is a question that many rental investors have been asking and the answer is complicated. Higher interest rates will likely reduce the return on investment (ROI) and cash flow of your rental property due to increased mortgage payments. If your rental mortgage is subject to a 5-year refinancing clause,…
Strategic Considerations for Construction Contractors The Tax Cuts and Jobs Act of 2017 ushered in full 100% Bonus Depreciation expensing for qualified property acquired and placed in service in years beginning after September 27, 2017. This tax perk has proven to be a significant benefit for the construction industry. However,…
WRITTEN BY BRIAN PEREIRA What is Section 45L? Section 45L of the Internal Revenue Code provides a tax credit (dollar for dollar savings on any tax liability) for qualified residential properties. The credit was set to expire on December 31, 2021, however, through the Inflation Reduction Act, the credit has been…
Thinking about some home improvements? Maybe Uncle Sam can help you finance them with Energy Efficient Home Improvement credits. Energy Efficient Home Improvement credit The Nonbusiness Energy Property credit was revived by the Inflation Reduction Act of 2022 and renamed the Energy Efficient Home Improvement credit. Congress extended the credit…
Choosing an accounting method for your business may seem like an easy task but selecting the right accounting method can make an enormous difference for bank and bonding purposes. An accounting method is a set of rules used to determine how income and expenses are reported on your company’s tax…
In an effort to protect taxpayers against the impending recession and economic downturn, the Inflation Reduction Act of 2022 (the Act) was signed and effective August 16, 2022. The Act includes new taxes and credits and over $80 billion allocated to the IRS. While much of the bill (especially the…