Archive for Category: Construction Industry

Why Capitalization of Indirect Costs is Important

Internal Revenue Code (IRC) Section 263A of the Uniform Capitalization (UNICAP) lists what costs to capitalize. Cost capitalization turns cost into a recorded asset with future economic value rather than an expense. UNICAP’s provisions apply to people who sell real estate or develop properties for business. It also covers...

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Common Tax Deductions for Contractors

Construction company owners have to pull out all the stops to maximize profits in a competitive niche. A reliable way to cut costs is to lower your tax liability by claiming all the allowable tax write-offs, and it is easier than you may imagine. Our experts explore the standard...

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Ways to Maximize Your Bonding Capacity

If you’re a contractor feeling unsure how to increase your overall bonding capacity, we’re here to help. Or maybe you’re not even aware of the current maximum bond value for which you’re eligible. But by utilizing the right techniques, you could help boost your bonding capacity to sway in...

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Cost Segregation Studies

Is your trade or business involved in constructing, renovating, or acquiring commercial real estate? Practically, any commercial owner will benefit from a Cost Segregation Analysis. These studies involve differentiating among various real estate and/or construction costs by allocating them to other asset categories and assigning a useful life...

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