October 2022
Research and Development Credits Within the Construction Industry

Research and development (R&D) credits may not be top of mind when you think of construction projects, but they certainly shouldn't be overlooked. There are a number of ways the credits can apply, and there are changes in how to take advantage of these credits. In this article, I will explain how R&D credits can apply to your construction business and the credit you can expect to receive.

Inflation Reduction Act Expands Deductions for Energy-Efficient Construction
The Inflation Reduction Act, signed into law in August, is expected to have a substantial impact on the construction industry. This is because the law has created and expanded various clean-energy tax incentives. In this article, we will review the changes to the Section 179D tax deduction for commercial buildings and the Section 45L tax credit for residential homes that increase their potential value and make them available to more taxpayers than ever before.
Manage Your Construction Business … And Your Wealth
Many contractors prioritize business financial management over personal wealth management. However, owning a construction company and managing personal wealth should be two separate but equal priorities. In this article, we will discuss ways to manage your wealth while you run your business.
Five Change-Order Pitfalls Construction Companies Should Avoid
For construction companies, an efficient process for handling change orders can mean more revenue and stronger profitability. When a change order doesn’t go smoothly, a construction business risks not getting paid on time, or at all, for extra work. This article reviews five common pitfalls you should try to avoid.
Register for our 45th Annual Tax & Financial Planning Conference on November 10, 2022!

Join us for our Annual Tax & Financial Planning Conference. This conference is designed to bring you up to date on recent tax, accounting and financial updates and provide key year-end strategies to help you lighten your tax burden and better achieve your financial objectives. The conference will be held in person, and CPE credit will be offered.
Check us out on social media!


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