Let Us Build You A Better Tax Reduction Strategy
Construction projects require careful planning and attention to detail. The same applies to your taxes. That's why it's crucial for construction companies to partner with tax professionals who have a deep understanding of the industry and can create customized strategies to meet your unique needs.
10 Important Tax Considerations For The Construction Industry
From managing deductions to understanding specific tax regulations, construction companies need to be well informed to ensure they are optimizing their tax positions.
Here are 10 important tax considerations that every construction company should keep in mind.
Benefits of a specialized tax strategy for construction companies:
Lower taxes and improved cash flow
By using deductions, credits, and incentives to lower taxes, a construction company can free up more cash for operations, investment, and growth.
Asset Depreciation
Tax strategies maximize depreciation deductions, helping construction companies recover asset costs over time and reduce taxable income.
Expense Deductions
Deducting legitimate business expenses lowers taxable income for construction companies, including materials, labor, equipment, and overhead costs.
Succession Planning
Tax strategies can support succession planning for family-owned construction companies, minimizing tax consequences during ownership transfers.
Tax Services We Provide:
Specialty Tax
Expert guidance to navigate complex tax regulations, minimize tax liabilities, and stay ahead of tax law changes.
- R&D Credits
- Cost Segregation
- 179D
- 45L
- IC-DISC
- Automatic Accounting Changes
Tax Consulting
Highly valuable organizational strategy, planning, and training.
- Income Tax Reduction Strategies
- Entity Restructuring
- SECURE 2.0 Plan Optimization
- Balanced Compensation Advisory
- Valuation for Tax
- Passive Investment Strategies
- Pass-Through Taxation Enhancement
Wealth Advisory
Tax strategy, planning advice, and financial products for clients to grow and preserve their wealth while achieving their financial goals.
- 401(k) Optimization for Tax Credits
- Cash Balance Pension Plans
- Executive Compensation Planning
- Executive Benefits Planning
Risk Advisory
Highly valuable organizational strategy, planning, and financial products.
- Asset Protection Strategies
- Asset Valuation Services
- Tax Liability Risk Mitigation
- Buy/Sell Review & Implementation
- SPE & Trust Utilization
Exit Planning
Support for mergers, acquisitions, or other significant financial transactions to help make informed decisions.
- Succession Planning
- Market Analysis
- Due Diligence
- Pre & Post Transaction Tax Planning
- Tax Restructuring
- Business Valuations
Estate Planning
Minimizing the tax liabilities associated with transferring assets to beneficiaries.
- Estate Tax Reduction Strategies
- Asset Protection
- Estate Freezing Techniques
- Estate Reduction Techniques
- Legacy Planning
- Philanthropic Planning
- SPE & Trust Structuring
Resources for construction companies
Questions?
Let's build something together. Our strategic advice will deliver measurable returns in the near and long term for your company. Schedule a free consultation with our team today.