Construction Equipment

FEBRUARY 9, 2016

If your fleet includes propane-powered forklifts or other propane autogas fueled vehicles, the new IRS directive may help cut your taxes. IRS has released guidance on how to claim the federal alternative fuel tax credit, which was retroactively extended on Dec.

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IRS Claims 48

Contractor Bookkeeping

APRIL 14, 2023

Force reconciliations can cause your net income to be over or understated, which means you pay too much in taxes now or too little now and the rest later with penalties and interest because the IRS can ask for a copy of your bookkeeping record.

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IRS Finance Income Budgeting 89

Construction Equipment

NOVEMBER 11, 2020

Epiroc has introduced the Try-and-Buy program for the FlexiROC T30 R construction edition tophammer surface drill rig. The drill is an improved version of the IR ECM 580 construction rig that tracks back from Epiroc to Atlas Copco and Ingersoll… The program offers free jobsite testing of the drill.

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IRS Construction 123

Construction Marketing

NOVEMBER 3, 2020

Automatic UV or IR Darkening Filters. These polarization filters automatically darken depending on the penetrative power of the UV and IR rays emitted; ultimately, providing optimal eye protection. Glass lens coated with IR and UV protection. The mechanics behind these helmets are designed to protect bright arc light.

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IRS Security Equipment Budgeting 284

Contractor Bookkeeping

OCTOBER 17, 2014

Scammers are calling all kinds of people and business owners claiming to be from the IRS. From our experience as construction accountants, any contractor who cheats on their taxes ends up cheating themselves in the end. Contractors Are Prime Targets For IRS Scams. If it’s an email, forward it to the IRS at phishing@irs.gov.

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IRS Claims Contractors Accounting 48

Viewpoint Construction Technology

JANUARY 23, 2019

Tackle Your Tax Questions During Viewpoint’s 2019 Tax Symposium for Construction. That word can mean something different depending on your role at your construction organization. Even CPAs who may enjoy crunching numbers may find it frustrating to make sense of the construction tax landscape. That three letter word is back: TAX.

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Organization San Francisco Viewpoint Philadelphia 135

Construction Business Owner

MARCH 21, 2017

Do your business practices expose your construction company to potential IRS penalties? The following are some common tax reporting issues that can impact construction contractors. The following are some common tax reporting issues that can impact construction contractors.

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IRS Accounting Contractors Construction 120

Construction Business Owner

AUGUST 28, 2013

Commissioner, the Tax Court explains that businesses relying on the independent contractor designation—namely, construction companies—are going to receive additional scrutiny from the IRS. In the recent Tax Court memo Kurek v.

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IRS Design Contractors Construction 227

Pro Builder

SEPTEMBER 30, 2022

Is an Employee Stock Ownership Plan Right for Your Construction Business? According to Construction Dive, employee stock ownership plans (ESOP) work well for businesses earning more than $1.5 Construction companies are notoriously difficult to sell to a third party. Thu, 09/29/2022 - 10:38. The majority of U.S.

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Plans IRS Construction Employment 52

Construction Business Owner

MARCH 27, 2018

Many factors are involved in a hearty employee benefit plan, most notably the fiduciary responsibility of ensuring the plan runs according to specific Internal Revenue Service (IRS) and Department of Labor (DOL) rules and regulations.

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Plans IRS Regulation 136

Construction Marketing

JUNE 17, 2014

But, with so many different certifications available to marketers, what is the best certification available for construction marketers? This certification in and of itself will allow you to explain that you are the best of the best at marketing your current construction firm. Your Competitors Are CCMPs.

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Certification Construction IRS Compensation 228

Construction Business Owner

FEBRUARY 23, 2016

Trying to navigate the Byzantine labyrinth of IRS rules and regulations can be an overwhelming process, even for tax professionals.

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IRS Regulation Profitability Construction 120

Construction Equipment

MAY 6, 2014

After last month’s Senate investigative hearing on Caterpillar’s overseas tax practices, the Internal Revenue Service has challenged the company’s tax returns from 2007, 2008 and 2009, according to a Bloomberg report.'

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IRS 48

Green Building Law Update

FEBRUARY 23, 2020

The IRS has issued guidance, that a designer is a person that creates the technical specifications for installation of energy efficient commercial building property (or partially qualifying commercial building property for which a deduction is allowed under § 179D). when it last expired) and will remain effective through December 31, 2020.

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Commercial IRS Comparison Green 215

Construction Law Monitor

OCTOBER 7, 2010

Just last week the Internal Revenue Service (IRS) announced a plan to help homeowners who have corrosive Chinese Drywall in their home with tax breaks on items that have been destroyed as a result of the Drywall.

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IRS Claims Compensation New York 40

Construction Business Owner

DECEMBER 2, 2015

At the beginning of each year, employers must complete, furnish to their employees and file with the IRS forms in the 1094 and 1095 series. The Affordable Care Act resulted in several sections being added to the Internal Revenue Code that require employers to prepare and file certain reports related to the ACA.

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IRS Employment 120

Construction Business Owner

SEPTEMBER 29, 2015

An Applicable Large Employer (ALE) must report to the IRS in monthly snapshots for the calendar year: 1) Those "full-time" employees (at least 30 hours of service per week), and 2) Whether they were offered healthcare coverage. But, what about those employees who are hired into positions with varying hours? That is where it gets tricky.

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IRS Employment 120

Autodesk Construction Cloud

NOVEMBER 25, 2022

Over the last two years, the ASEAN construction industry has been challenged not just by the COVID-19 pandemic but also supply chain, skills shortages, and now inflationary pressure. Sumit Oberoi shares insights and learnings from the ASEAN Construction Federation (ACF) Conference 2022. It was held in Malaysia on October 17, 2022. .

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Construction Conference Autodesk Industrial 52

Construction Specifier

APRIL 30, 2021

Much is known about constructing partitions, whether they are made of masonry or gypsum wall board attached to metal or wood studs, to achieve the desired level of noise isolation. In these cases, the floor construction is the primary building element controlling the amount of noise transmitting between rooms.

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Guidelines IRS IIC Concrete 98

Pro Builder

NOVEMBER 23, 2020

Some construction companies may receive large tax bills relating to Paycheck Protection Program loans, says the Internal Revenue Service. The IRS released guidance last week regarding tax implications for construction companies that plan to ask for PPP loan forgiveness, according to Construction Dive. Construction.

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IRS Accounting Resource Plans 59

Job Order Contracting

JUNE 14, 2019

Department of Labor) to all laborers and mechanics on Federal government and District of Columbia construction projects in excess of $2,000. Construction includes alteration and/or repair, including painting and decorating, of public buildings or public works. Via Four BT, LLC – LEAN Construction Delivery Solutions.

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Construction Employment Contract Regulation 100

Construction Business Owner

MARCH 27, 2013

March 26, 2013 - The IRS has issued a final rule that employers who offer various benefit plans must pay a fee to fund the Patient-Centered Outcomes Research Institute (PCORI), which was established by the Patient Protection and Affordable Care Act (PPACA). 30, 2012.

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Plans IRS Employment 149

Construction Business Owner

MAY 22, 2013

Recently, the IRS lost a key battle in its fight to limit tax deductions that can be taken by investors in small businesses. There has been a long-running battle over the tax treatment of losses incurred by limited liability companies (LLCs) and limited liability partnerships (LLPs). The recent Tax Court decision, Garnett v.

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IRS Liability 120

Construction Marketing

JANUARY 24, 2022

According to the Internal Revenue Service (IRS), these workers are not deemed true employees. Both the IRS and a number of states have distinct rules that categorize workers as employees or independent contractors. What is a 1099 Employee? There are also some states that do not consider 1099 employees actual employees of a company.

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Insurance Plans Contractors Employment 156

Contractor Bookkeeping

SEPTEMBER 13, 2019

When it comes to paying employees, laws and the IRS, have made the payroll function a time-consuming nightmare for the small business owner. Getting time cards input into QuickBooks and processing payroll can be a big hassle for your construction company.

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IRS Contractors Profitability Products 50

Construction Equipment

JUNE 6, 2017

That morning, agents from the IRS, Department of Commerce, and Federal Deposit Insurance Corp. March 2, 2017 was not a good day in Peoria. turned up at Caterpillar's door with search warrants in hand. Seems they had some questions about back taxes to the tune of $2 billion.

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IRS Insurance 54

Viewpoint Construction Technology

JULY 24, 2018

In the construction industry, no two days are ever alike. From tracking timely job cost data and WIP reports to handling purchase orders and invoices to recruiting, onboarding and training employees to managing payroll and benefits, it’s clear the back-office is the heartbeat of any construction company. Don’t miss out! So Much More.

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Accounting Finance Viewpoint IRS 144

Contractor Bookkeeping

OCTOBER 13, 2017

Don't wait until it is time to prepare your Construction Company tax return. Next review your Estimated personal Taxes paid to the IRS. Officers in S-Corps tend to take payroll later in the year. Now is the time if you have not already been taking payroll. How much did you pay in taxes for the current year?

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Profitability Contractors Income IRS 55

Construction Equipment

JULY 22, 2014

According to a Marketwatch report, Caterpillar believes it is “more likely than not” to win its tax case against the IRS , which has audited the company’s tax returns from 2007 through 2009.'

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IRS 48

Green Building Law Update

DECEMBER 22, 2019

Tenants may be eligible if they make construction expenditures. per square foot are available in instances in which individual lighting, building envelope, or heating and cooling systems that partially qualify by meeting certain target levels or through an interim lighting rule issued by the IRS. Deductions of $0.60

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Green Commercial IRS Comparison 156

Contractor Bookkeeping

AUGUST 6, 2014

2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 4 You have no access to a construction accountant, not even for quarterly check-ups. #5 The Construction Specifications Institute (CSI). It is common sense to anyone in construction. A Bit Of History Helps With Understanding.

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Finance Accounting Construction Banking 48

Contractor Bookkeeping

JULY 24, 2014

When you own a small contracting company, like a residential remodeler, plumber, electrician, concrete contractor, flooring contractor or any other construction related company it is imperative that you have a good clean set of books that are consistent and updated regularly.

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Accounting Construction Contractors Profitability 48

ENR Construction

MARCH 6, 2017

Caterpillar is focusing its CONEXPO presentation on demonstrating a remotely operated dozer and its expanded telematics reporting, but is also dealing with the fallout from a raid by IRS and Commerce Dept. agents of its Peoria, Ill. headquarters on March 2.

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IRS Deals 28

Contractor Bookkeeping

JULY 30, 2014

They work very hard to keep on top of the latest changes to the IRS Tax Code. The IRS Tax Code is similar to the OSHA Book – Thick and has Tiny Print. Our niche is Construction Accounting from the Builder (Spec. Fast Easy Accounting is a Seasoned Construction Accountant who understands WIP and when and where to use it.

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Accounting Housing Construction Contractors 49

Contractor Bookkeeping

JUNE 1, 2013

Independent Contractors In Construction. As a construction accountant , whenever a contractor client tells me they are thinking of hiring someone as an Independent Contractor it is like dragging nails on a chalkboard because I have seen what happens when that decision goes bad. You will be glad you did! It’s only Part-Time!”. "We

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Construction Contractors IRS Washington 48

ENR Construction

FEBRUARY 1, 2015

Ruling affirms lower court decision that now may clarify who has risk, researcher or client, in cost plus contracts. Business Management'

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IRS Consulting Bidding Risk 28

Contractor Magazine

JULY 18, 2012

IR Cameras. Home > Management > Business Devlopment > FMI Releases Q2-2012 Construction Outlook Report. FMI Releases Q2-2012 Construction Outlook Report. Construction Put in Place is Predicted to Grow 3 Percent by the End of 2012. Commercial construction is beginning to grow again. Radiant Heating.

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Construction Forecasting Banking Green 63