Category: Construction

Developments in Tax and Business

Developments in Tax and Business

Increase in De Minimis Safe Harbor Threshold The tax law allows companies to make an election to expense certain “de minimis” purchases of equipment and other tangible property. The IRS recently announced an increase in the expensing threshold for taxpayers that don’t...
Maximizing Your Firm’s Bonding Capacity

Maximizing Your Firm’s Bonding Capacity

The information you present in your company’s financial statements gives sureties a sense of your company’s operating results and financial strength. You are more likely to get the bonding you want at a competitive rate when sureties believe that your company is...
Recruiting, Training, and Retaining Veterans

Recruiting, Training, and Retaining Veterans

Construction company owners know that military veterans typically bring skills and a work ethic that align well with what’s required of today’s construction worker. Veterans have hands-on work experience in fast-paced and highly stressful situations,...
Watch Out for Federal Excise Taxes

Watch Out for Federal Excise Taxes

The federal government raises additional revenue by imposing excise taxes on certain goods and activities. Generally, if your construction company owns heavy trucks that use the public highways, it is required to pay the federal highway vehicle use tax. Your company...