June 2021
Featured Article From Our Experts
Employee Retention Tax Credit – Are You Eligible Now?

The Employee Retention Tax Credit (ERTC), a provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, encourages companies to maintain their workforce by providing eligible businesses with a fully refundable tax credit on qualified employee wages. While the initial provision restricted the eligibility for many employers, legislative modifications to the ERTC over the last six months has greatly extended relief to more businesses. Unfortunately, many business owners are still not aware that they qualify for this opportunity. In this article, I will review the background of the credit and the changes you need to know. 
Is Your Buy-Sell Agreement Up to Date?
A buy-sell agreement is a critical tool for owners of closely held construction companies. However, for a buy-sell agreement to be effective, you need to review it periodically and, if necessary, modify its language to reflect changing circumstances. Of particular importance is scrutinizing the valuation provision, which establishes the purchase price for a departing owner’s shares. Click through to learn more about the valuation approaches you can take to review the accuracy of your buy-sell agreement.
Vetting Subcontractors Is More Important Than Ever
With project slowdowns or even shutdowns, caused by the pandemic, general contractors should be eager to capitalize on what could be a stronger economy in the months ahead. In this environment, careful vetting of subcontractors for quality of work and financial stability is more important than ever. In this article, we will review a few key ways to vet subcontractors. 
Connecting Your Succession Plan to Your Estate Plan
For any business owner, contractors included, putting together a succession plan may seem like an overwhelming task. Often, among the most difficult things to conceptualize is precisely how to connect — and beneficially integrate — your succession plan with your estate plan. In this article, we will discuss a few ideas that contractors should consider.


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.

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