D&M Construction Industry Newsletter

February 2024

Shawn T. Layo, CPA

Featured Article From Our Experts

Research and Development (R&D) In the Construction Industry

The Research and Development (R&D) tax credit is a valuable incentive that encourages companies to innovate and pursue new challenges. This credit is also available to companies in the construction industry, including contractors, subcontractors, engineering firms and construction companies involved in the design, development and construction of innovative buildings and infrastructures. In this article, you will learn more about eligibility rquirements and what credits could be available to you.

Change Order Management: Best Practices for Construction Businesses

Change orders are an inherent part of the construction industry but can often result in delays, disputes, and extra expenses. It's essential to have an effective change order management process in place to prevent these issues. This article provides best practices to help improve your change order management process.

How Blockchain Could Work for Construction Companies

As the world continues to embrace the power of blockchain, many industries are already reaping the benefits of this revolutionary technology. But what about the construction industry? Could blockchain be the missing piece to the puzzle that will transform the way we build our cities and infrastructure? This article delves into its potential impact on the construction industry.

No Accident – Identifying the Five Biggest Safety Risks to Your Workers

Forgive the pun, but a culture of safety doesn’t happen by accident. Planning is key to minimizing the hazards and practices that lead to mishaps and disasters. This article covers five of the most widely occurring — and lethal — risks on any construction site. A sidebar displays ideas on how to lower workers’ compensation costs.

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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 maintain active involvement with our construction clients and the many organizations affecting their businesses. We stand out from our competition by conducting one-on-one, year-end planning meetings to review your operations and plan for income taxes, banking and bonding concerns. Our comprehensive familiarity with all aspects of construction allows us to help you in business planning and long-term goals, while also resolving your daily operational needs to maximize cash flow.

OFFICE LOCATIONS:

DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202

213 North Street, Suite 101, Auburn, NY 13021

200 Harborside Drive, Suite 201, Schenectady, NY 12305

220 Stage Road, Vestal, NY 13850

3001 N. Rocky Point Drive, Suite 214, Tampa, FL 33607

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