Tax Issues - Construction

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Almost every decision that you make will have tax consequences. With proper planning, you can minimize your tax liability and maximize your after-tax profits. This becomes increasingly difficult as tax laws change and become more complex each year. These are just some of the ways that our tax professionals are here to help you:

• Tax planning
• Federal and State tax preparation for various accounting methods
• Multi-state tax issues, including income, payroll, and sales taxes
• IRS representation
• State unemployment insurance tax audits
• Subcontractor/employee designation classification
• IRS Form 1099 and 1096 preparation and filing

The tax law allows the use of several methods of accounting. We can help you understand the tax implications of each method and choose the methods that are most beneficial to your company.

• The Percentage-of-completion Method
• The Completed-contract Method
• The Percentage-of-completion Method (Old Rules)
• The Cash Method
• The Accrual Method and Variations
• The Percentage-of-completion - Capitalized Cost Method (PCCC)