February 2023
Employee Retention Credit – Too Good To Be True, or Am I Missing Out?

Mentions of the Employer Retention Tax Credit (ERC) seem to be everywhere lately with suggestions of up to $26,000 per employee if your business was impacted by COVID-19. But wasn't every business impacted in some way? Is the ERC too good to be true? In this article, I will provide further detail on the tax credit and offer guidance on whether or not it is right for your business.
Succession Planning Considerations for Construction Business Owners
Construction company owners are great at completing projects, but many struggle to build a succession plan. A strong succession plan should cover everything from decisively naming a successor to choosing the right method for shifting ownership. Whether you’re just starting or already deep in the process, this article offers some key points to make the task easier.
Five Common Billing Methods in the Construction Industry
Because of the project-based nature of your work, construction companies can use various billing methods. It’s a good idea to occasionally review your options. In this article, we will review the five most common billing methods in case you might be overlooking an approach that could better suit your business needs.
Why Smaller Construction Companies Should Consider the Research Credit
The research tax credit allows eligible businesses to reduce their federal and state income taxes by a percentage of certain expenses incurred for qualified research and development activities. Some construction companies can be eligible for it, and smaller ones or start-ups should especially consider it. Why? Because this tax break has an intriguing feature related to payroll taxes. Click through to learn more about how to qualify for this election.
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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
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220 Stage Road, Vestal, NY 13850
To learn more about Dannible & McKee, visit us at: www.dmcpas.com.