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As always, year-end tax planning is a critical component to identifying all of the possible ways to reduce the amount you pay in taxes.

Contact us to arrange a meeting or a Zoom when we can discuss year-end tax planning considerations for your construction business, including R&D tax credits, debt restructuring, estate and gift tax opportunities, Sec. 179D deduction (regarding energy efficiency improvements), revenue recognition tax, and other areas of concern and importance to you.

As always, Mashburn CPA is here to help you.

Thank you.

Paul Mashburn, CPA

Inventory Can Complicate Tax Planning

In the construction industry, supply-chain challenges are nothing new. They’ve just gotten much more media attention over the last few years. Increased globalization, a pandemic and geopolitical strife have all contributed to some notable slowdowns, though things have generally been better lately.

One way that construction companies can ease supply-chain problems is to maintain their own inventories of various building materials, products, and supplies. However, construction inventory can complicate tax planning. Read our blog post for three big issues to consider.

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Construction accounting firm helps contractors with bonding, financial statements.

What is bonding capacity in construction?

Construction companies are required to obtain surety bonds on many types of projects — particularly those that are publicly funded. The bonds essentially guarantee that the work will be completed one way or another.

Contractors are urged to manage their operations and financials carefully to preserve or, better yet, increase bonding capacity. Read our blog post for the three Cs of bonding and three ideas that might be able to boost your bonding capacity.

What is bonding capacity in construction?

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