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Practical Tax Season Tips For Construction Business Owners

Contractor Bookkeeping

We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes. Preparing for tax season is a year-round endeavor. This way, come tax time, everything you need is in one place.

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Making Sense of the Construction Tax Landscape

Viewpoint Construction Technology

One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. Manage the company’s cash effectively to account for future downturns. Carefully look at the company’s capital assets/expenditures and trends; and.

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Demystifying carbon offsets vs direct reductions

BD+C

Rob Atkinson and Chris Forney Office Buildings Headquarters Architects Regulations Energy Efficiency Sustainable Development Sustainable Design and Construction Many companies are striving to achieve climate neutrality , which involves bringing their greenhouse gas (GHG) emissions down to net zero on an annual basis.

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SME house builders demand action from “anti-building” Tories

Construction Enquirer

The impact of this policy approach is devastating for SMEs, and businesses unable to operate or generate an income are laying off staff, or increasingly closing their doors. The planning process is grinding to a halt and regulatory costs are rocketing, whilst the nutrient issue has put the brakes on sites across a quarter of the country.

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How COP27 Impacts Real Estate: Pricing Real Estate Climate Risk

Stok

Transition risks go beyond physical risk of climate change and include rising costs due to pricing-in of carbon emissions (through carbon taxes and pricing schemes), market effects, technological disruptions, legal liabilities, energy efficiency, and other regulations and reputational risks.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Compliance/Regulations. « Considering New Accounting Software? If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable.

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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. A cash flow statement is an analysis of incoming and outgoing cash for a certain time period (usually one month). Each project you work on has expenses that need to be paid and income that will be received.