Navigating R&D Tax Credits in Construction: A Case Study and Guidelines for Eligibility

Many construction companies perform qualified research activities and have claimed the research and development credit activities on the corporate and shareholder tax returns.  Construction contractors are becoming increasingly involved during…

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Harnessing Sustainable Tax Credits: Empowering Construction Businesses through Green Building Incentive

In an era where environmental consciousness is becoming an integral part of business strategy, the construction industry is embracing the principles of sustainability with fervor. Green building practices not only…

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Construction Industry Spotlight: Decoding Revenue Recognition Standards (ASC 606)

Understanding the intricacies of financial reporting in the construction sector requires a deep dive into various standards that shape the landscape. One such significant standard is the Revenue Recognition Standards,…

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Strategic Equipment Investment for Contractors: Unveiling Tax Implications and Financial Evaluation

In the dynamic world of construction, equipment serves as the backbone of projects, enabling contractors to turn plans into tangible structures. However, the decision to invest in equipment is not…

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Washington’s Capital Gains Tax: A Landmark Court Case Upholds It, Unraveling Its Intricacies

Introduction In a pivotal moment in Washington's tax history, a recent court case has upheld the implementation of the state's capital gains tax. This groundbreaking ruling has ignited debates, discussions,…

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Employee Retention Credit for the Construction Industry – Insights from a Construction CPA

Introduction In the fast-paced world of construction, success hinges on not only delivering exceptional projects but also retaining skilled and dedicated employees. As the construction industry grapples with workforce challenges,…

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Unveiling Financial Well-being: Monitoring Key Performance Indicators (KPIs) for a Healthy Construction Business

In the construction industry, where intricate projects and dynamic market forces collide, maintaining a vigilant eye on financial health is paramount. The lifeline of any construction business lies in its…

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