With a few months left to go in 2016, it’s a good time for contractors to consider their tax situations for the year and to take steps that may help reduce their prospective tax liability. Notably, the passage of the Protecting Americans from Tax Hikes (PATH) Act of 2015 extended or made permanent a number of breaks with the potential to provide significant savings.
Year-End Tax Planning for Contractors: Take Advantage of These Depreciation-Related Tax Breaks
Posted by bgoricki on Sep 21, 2016 4:34:43 PM
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Topics: Construction, contractor, Tax, Tax Breaks, Tax Planning, Uncategorized
Once a project is underway, it’s easy to focus on other tasks rather than the actual numbers. But job cost reporting — the process of coding and allocating project expenses to track financial efficiency and profitability — is a mission-critical activity. Here are a few best practices to keep in mind.
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Topics: Accounting, Construction, contractor, job cost reports, Uncategorized