We help you create a tax plan that is compliant with the government requirements, and you have current information to make effective decisions. Whether in the form of an audit correction or a surprise tax bill, no one likes surprises. We are here to help you avoid surprises, so you can have confidence your tax filings are complete, you know what you’re going to need to pay in taxes, and the filings will be compliant with the government’s requirements.
The construction industry often faces diverse revenue recognition methods. We offer guidance on the most suitable approach for your business, ensuring accurate and compliant tax and financial reporting.
The classification of your company as a large or small contractor can significantly impact your tax obligations. We carefully analyze your circumstances to optimize your tax position accordingly.
Selecting the appropriate business entity is vital for optimizing tax benefits. Our seasoned professionals evaluate your unique situation and recommend the most tax-efficient structure for your construction business, based on the long-term goals of your company. We give you the "whole picture" for your decision, rather than a small piece.
Long-term contracts may trigger Alternative Minimum Tax (AMT) implications. We proactively assess these considerations and implement strategies to minimize any potential tax burdens.
For home builders and residential contractors, we provide specialized tax planning to capitalize on industry-specific deductions and credits.
We identify eligible R&D activities within your construction business, allowing you to claim valuable tax credits that foster innovation and growth, and are proactively planning for these costs in your bids and forecasts.
Compliance with state and local tax requirements, particularly concerning public roads and federal contracts, is essential. We ensure that your business meets all necessary tax obligations.
Often, we're involved early in the design of your new project. We identify areas for improved cost segregation planning of developments and provide cost-saving advice for your project design. Through cost segregation studies, we identify depreciable assets in your construction projects, maximizing tax deductions and enhancing your cash flow.
Should your business be selected for a tax audit or examination, rest assured that our adept team will provide steadfast support. We work closely with federal or state authorities, presenting the necessary documentation to substantiate the information on your tax return.
With Massie & Company, you gain a trusted partner committed to delivering excellence in tax planning services that cater to the unique demands of the construction industry. Our tailored solutions empower your business to navigate the tax landscape with confidence, enabling you to focus on what matters most.
