November 2021
Lori Beirman
Supervisor of Quality Control
Lessons Contractors Learned from the Pandemic

The COVID-19 pandemic has presented many valuable lessons to owners of construction companies from their missteps, and actions that were taken or even not taken. Successful construction companies remained controlled in their decision-making and disciplined in their practices, watched cash flow carefully, communicated regularly with their people and customers, stayed informed in their industry and the economy, embraced technology, and remained flexible. In this article, we will review some of the most notable areas of change that occurred and the lessons contractors learned.

Put Some PEP in Your Step: A New Retirement Plan Option To Consider
A generous benefits package that includes a robust retirement plan can be a powerful recruiting tool for construction companies. But providing cost-effective, high-quality benefits isn’t easy. This article takes an in-depth look at a new retirement plan option: pooled employer plans (PEPs). A sidebar warns that, though PEPs relieve employers of many benefits-related risks, some fiduciary responsibilities remain.
Is the Research Credit Within Your Reach?
Many construction company owners might assume that a tax credit related to research and development is out of their reach. Au contraire: Contractors can and have claimed the research credit for improving construction techniques or developing industry-related software. This article provides a refresher on this potentially valuable tax break.
Follow the Cutoff Rules for Revenue and Expenses
Timing counts in financial reporting and it’s important for companies to understand the rules on when to record revenue and expenses. This article reviews the various cutoff rules that business owners need to comply with to minimize audit adjustments.
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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.

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