by angieduran | Jan 16, 2024 | Uncategorized
The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year returns. Here are answers to seven tax season questions we receive at this time of year. 1.What are this...
by angieduran | Jan 12, 2024 | Uncategorized
As you know, change orders are an inherent part of the construction industry. Alterations to the original design, specifications, execution methods or scope of a job can impact the budget and timeline. And when not discussed and documented properly, they can lead to...
by angieduran | Jan 11, 2024 | Uncategorized
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much lower rates that a child would otherwise pay. For purposes of this federal income tax provision,...
by angieduran | Jan 4, 2024 | Uncategorized
Depreciation deductions Like any type of business, construction companies can generally deduct ordinary and necessary expenses. These may include tools, office supplies, utilities, insurance, wages, training, transportation and travel costs, as well as advertising and...
by angieduran | Jan 2, 2024 | Uncategorized
At some time or another, construction company owners must hang up their hard hats. But what will happen to your business when you retire or move on to the next professional opportunity? And what if you suddenly can’t work for an extended period, because of illness or...
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