In addition to compliance requirements and specific rules directly aimed at the construction industry, ever-changing tax rules and regulations can make it difficult to recognize exactly where your contracting business could be vulnerable or exposed to IRS penalties. The implications of how you report revenue or account for your labor force can vary from year-to-year and change when certain financial milestones are achieved.
A Certified Public Accountant (CPA) specializing in the construction industry should keep you informed and help you plan ahead to take advantage of the benefits available to your construction business and ensure you are in compliance. This six-part …read more
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