Construction Business Owner
JUNE 1, 2022
ASC 842 keeps the same two-model lease classification but requires most off-balance-sheet leases, regardless of classification type, to be recorded on the balance sheet. Going forward there will be a long-term asset offset by a current liability and a long-term liability. Determine how to account for each lease.
Autodesk Construction Cloud
DECEMBER 18, 2021
Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. In addition to models and a record of project changes, providing owners with asset, equipment, and commissioning data empowers them to manage their building more efficiently and reduce lifecycle costs.
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Buisness Facilities Contributed Content
APRIL 15, 2014
Inventory is exempt from property tax. If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.
Buisness Facilities Contributed Content
MARCH 21, 2014
It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.
Buisness Facilities Contributed Content
APRIL 12, 2016
Pennsylvania’s decision to consolidate hundreds of bridge projects into a single procurement financed by a bond fund managed by a new Public-Private Partnership (P3) should serve as a model for the rest of the country. If the credit exceeds the tax liability, the remaining credit is refundable.
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