It’s no secret that the construction industry has been struggling with a skilled labor shortage for years now. More recent events, such as the pandemic… Read More »Construction businesses must step carefully when hiring on-site labor
Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax… Read More »Providing fringe benefits to employees with no tax strings attached
If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest… Read More »Tax and other financial consequences of tax-free bonds
You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses.… Read More »What local transportation costs can your business deduct?
If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as… Read More »Investing in the future with a 529 education plan
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report , but that’s little consolation if your return is among… Read More »Worried about an IRS audit? Prepare in advance
Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next.… Read More »Year-end tax planning ideas for individuals
Construction business owners know that cash is king. However, managing cash flow in an industry known for its ebbs and flows isn’t easy. And when… Read More »9 cash-flow management tips for construction companies
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware… Read More »Work Opportunity Tax Credit provides help to employers
As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate… Read More »Don’t forget income taxes when planning your estate
Many contractors likely sat up and took notice in August when the Inflation Reduction Act (IRA) was signed into law. The IRA is expected to… Read More »Construction industry awaits guidance on new energy tax incentives
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind that this list… Read More »2022 Q4 tax calendar: Key deadlines for businesses and other employers