Featured Article From Our Experts
R&D Tax Credits: A Viable Opportunity That Many Contractors Overlook 

As many businesses continue struggling to maintain operations, meet financial obligations, and ensure adequate cash flow during the coronavirus pandemic, it is important to know and understand all the economic incentives that are available to help. One viable, but commonly misunderstood opportunity for economic relief is the Federal Research and Development (R&D) tax credit. In this article, we will review the credit and provide possible activities that can be considered in the construction industry.

Make the Most of the Employee Retention Credit
The Employee Retention Credit (ERC), a payroll tax credit included in the CARES Act, was significantly enhanced and extended with the enactment of the Consolidated Appropriations Act and the American Rescue Plan Act. These changes now affords the possibility of great benefit to companies affected by government mandated shutdowns and economic impact — regardless of whether they took or will take advantage of the Paycheck Protection Program. In this article, we provide details around the many changes to help you get a better understanding of the ERC and eligibility to receive them.
Can Digital Construction Technology Help the Industry Survive the Pandemic?
Digital technology has markedly changed the way of doing business, with the goal of realizing efficiencies and meeting customer expectations. Industries like manufacturing and retail were early adopters, and now other industries, including construction, are finding ways to engage digital tools to better track projects, save costs, and train workers. In this article, we will explore ways digital technology can help construction companies become more efficient and resilient.
Now May Be a Good Time to Re-Evaluate Employee Benefits
In difficult economic times, cost cutting becomes a necessity — and employee benefits are an easy target. Yet one of the lessons of the COVID-19 pandemic has been the value and importance of benefits. This article explores various low-cost options that contractors should consider, such as Health Savings Accounts, employee assistance plans and SEP-IRAs.
PPP Application Deadline Extended
President Biden has signed the PPP Extension Act of 2021. The new law extends the PPP loan application deadline to May 31, 2021, providing potential PPP borrowers additional time to submit their applications.


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