D&M Construction Industry Newsletter

August 2023

Kaitlyn L. Mariano, CPA

What Entity Type Is Right for Your New Construction Business?

If you are starting a new construction business, it's important to choose the right entity structure. There are various options to consider, such as C corporation, S corporation, general partnership and more. Each structure has its own tax implications that you should carefully evaluate. In this article, I'll go over each structure and provide insights on what you should consider before setting up your new business.

Three Big Inventory Issues for Construction Companies

One way that construction companies can address supply-chain issues is to maintain their own inventories of critical materials and supplies. However, managing that inventory for tax purposes can pose a challenge. To help you make an informed decision about maintaining inventories, this article outlines three major considerations.

Check Your Construction Company's Vital Signs With KPIs

Many construction business owners lose sleep wondering whether they’re staying ahead or falling behind the competition. Seemingly unpredictable equipment breakdowns are also a constant cause of concern. As this article explains, regularly checking certain key performance indicators (KPIs) can provide insights and alleviate stress.

Recent Report Champions Women in Construction

While the construction industry is historically dominated by men, the labor shortage has found construction companies taking another look at hiring talent. Hiring women can provide a unique perspective and enhance a company’s performance. This article provides the advantages of hiring women in construction, as well as tips you will want to consider.

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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. We are highly respected among construction leaders, and we are actively involved with our construction clients and the many organizations affecting their businesses. We go beyond our competition by conducting one-on-one, year-end planning meetings to review your operations and plan for income taxes, banking and bonding concerns. Because of our comprehensive familiarity with all aspects of construction, we’re able to assist you in business planning and long-term goals, all while resolving your daily operational needs to maximize cash flow.

OFFICE LOCATIONS:

DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202

213 North Street #1, Auburn, NY 13021

200 Harborside Drive, Suite 201, Schenectady, NY 12305

220 Stage Road, Vestal, NY 13850

To learn more about Dannible & McKee, visit us at: www.dmcpas.com.