Articles 2002 - 2022

CFMA (Construction Financial Management Association) | Chairman’s Challenge Coin 2022

Today’s AC & Refrigeration News | SFACA Monthly Zoom Meeting 2021 Tax update for Contractors

Tax Techniques Column: Most Popular Topics

Two 2019 Tax Laws Impact Multiple Years

Tax Implications of Selling a Construction Business

CFMA Building Profits | What If There’s a Downturn? Tax Implications for Contractors

Building Profits | Primer on Contractor Tax Deductions for Car & Truck Expenses

FDOT Prequalification Requires 2019 Financial Statement Changes

Revenue Recognition and the Commercial Contractor

Presented: November 14, 2019 in Orlando For Construction Financial Management Association (CFMA)

Building Profits | Tax Implications of Owning Your Corporate Headquarters

Building Profits | Deducting Bad Debts for Tax Purposes: A Primer

Florida Construction News | Contractors’ Financial Statements to Change in 2019

Florida Construction News | Percentage-of-Completion Method is gone: Impact of new rules start in 2019

Building Profits | Compensation to Owners of S Corporations

CFMA Building Profits | The New Small Contractor Threshold: Transition Requirements for Tax Purposes

CFMA Building Profits | Meals & Entertainment Deductibility: New Requirements & Opportunities

CFMA Building Profits | The New Qualified Business Income: An Overview

CFMA Building Profits | How Contractors Can Navigate the Alternative Minimum Tax (AMT)

CFMA Building Profits | The Various Buckets of Depreciation: Current Rules & Changes

CFMA Building Profits | Tax Cuts & Job Act: Reevaluating S vs. C Corporations

CFMA Building Profits | Employee or Independent Contractor: Tax Considerations

Joint Ventures: Tax Considerations

Contractors use joint ventures for a variety of reasons, including: Bidding on work they otherwise could not complete (spreading risk), or jobs requiring minority or other special business enterprises; Securing bonding or financing to obtain and perform work…

CFMA Building Profits | How Contract Timing Impacts a Contractor’s Taxes

CFMA Building Profits | Converting from a C to an S Corporation? Beware the Built-in Gains Tax

CFMA Building Profits | Taking Advantage of IRC § 179D

The Various Buckets of Depreciation: A Review of Current Rules & Changes

Tax depreciation rules can be complex, but developing a better understanding of them can yield significant tax savings for contractors. This article provides an overview of current depreciation rules as well as recent changes that both increase options to accelerate depreciation deductions...

CFMA Building Profits | DPAD Regulations Revisited: What Contractors Need to Know

DPAD Regulations Revisited: What Contractors Need to Know

As part of the American Jobs Creation Act of 2004, Congress passed the Domestic Production Activities Deduction (DPAD) permitting specific industries, including contractors, architects, and engineers, to deduct up to 9% of the net income of their operations. The deduction...

Handling Claims & Disputes Under the PCM

Despite efforts to ensure communication is clear and contracts are effectively worded, contractors often face the possibility of disputes and claims. As a result, CFMs must be familiar with proper accounting for these issues...

Tax Implications of Debit Shareholder Loans

Why would a shareholder of a closely held construction company owe the company money and have it show as a debit loan/receivable on the company books? Let’s consider some possible explanations...

Temporary Assignments & Per Diem Reimbursements

When an employee is sent to temporarily work at a location away from the home office, the contractor must pay for various travel, lodging, and incidental costs. In this type of situation, a contractor must determine what amounts are deductible to the company and what amounts...

Understanding Cost Segregation Studies & Potential Tax Benefits

Most CFMs know about depreciation and the specialized rules that should be scrutinized to ensure all potential tax deductions are considered. A cost segregation study can help CFMs and property owners accelerate depreciation deductions...

Construction Tax Accounting Methods & Choices: An Overview

Accounting for income from construction contracts is not always easy or straightforward. Some methods can accelerate income, while others allow a contractor to legally defer income. As we review the options, consider three overriding issues...

CFMA Building Profits | 2015 Tax Planning & Potential Liabilities in the Face of Congressional Inaction

CFMA | Subcontractor Prequalification

Owners, GC’s, and construction managers stake their companies’ reputations and success on the quality of their workmanship and ability to complete jobs on tome and within budget. Success or failure rests squarely with the management ...

CFMA Building Profits | DPAD Regulations Finalized

In May 2006, the IRS issued final regulations under IRC 199, Domestic Production Activities Deduction (DPAD). As a result of comments submitted by CFMA, as well as other industry stakeholders, the final regulations reveal significant...

Business and Tax Strategies | Major Victory for ABC IRS Reverses Position Affecting Contractors

Business and Tax Strategies | Congress and Next President Face Trifecta of Tax Issues

Business and Tax Strategies | Converting Retirement Funds into a Zero-Tax Vehicle

Construction Executive | Congress Needs to Increase Threshold for Completed Contract Method

CFMA Building Profits | Home Construction Contracts and the CCM: A Mandatory Audit Issue?

Business and Tax Strategies | Let’s Keep as Much Money as Possible in the Business this Year

CFMA Building Profits | Mandatory 3% Withholding on Government Contracts

CFMA Building Profits | DPAD Regulations Finalized: Part 2

Business and Tax Strategies | Tax Withholding on Government Contracts

CFMA Building Profits | DPAD Regulations Finalized: Part 1

Business and Tax Strategies | Top IRS Officials Meet with ABC to Discuss Tax Issues

Construction Executive | Tax Changes to Benefit Contractors

Business and Tax Strategies | Report on ABC’s National Tax Advisory Group

Business and Tax Strategies | New Tax Deduction Specifically Available for Contractors, Engineers, and Architects

Business and Tax Strategies | ABC Meets with IRS

Construction Executive | ABC, IRS Meet to Address Contractor Burdens

Building Florida | How the 2004 Job Act Affects Businesses

CFMA Building Profits | The American Jobs Creation Act of 2004

Building Florida | Bush Tax Cuts #3: What Contractors Need to Know

CFMA Building Profits | The 2003 Tax Act: How it Affects Contractors

Construction Executive | Bush Tax Cut #3

CFMA Building Profits | Cost Segregation Studies: Accelerating Tax Depreciation