D&M Construction Industry Newsletter

November 2023

Featured Article From Our Experts

The New Energy-Efficient Home Credit for Contractors

Great news for contractors: The new energy-efficient home credit has returned! This previously expired credit has been amended under the Inflation Reduction Act of 2022 and IRS Notice 2023-65. It now includes qualified new energy-efficient homes sold or leased after 2021. In this article, you will learn the eligibility requirements, credit amounts and why this could be an excellent opportunity for you to take advantage of the credit and increase your profits.

Beware of Tax Surprises When Selling Equipment or Vehicles

If you have a vehicle or equipment you no longer need, you might be considering to sell or trade it. Before making such a transaction, it's important to carefully consider the details because the tax consequences can be an unpleasant surprise. This article will take a closer look at the specifics and provide examples of the tax implications of such transactions.

Ten Ways Construction Companies Can Tighten Up Their Estimates

Accurate estimating is crucial for the success of any construction business, though it can often be a challenging and time-consuming task. Luckily, there are several proven strategies that can help you streamline the process and improve the accuracy and competitiveness of your estimates. In this article, you will discover ten effective strategies that you can implement to enhance your company’s estimates.

Tips for Contractors to Proactively Manage Their Supply Chains

Your construction business heavily relies on the timely delivery of materials and equipment to ensure project scheduling and progress. Shortages or delays in such resources can cause significant setbacks. That's why it's essential to be proactive in your approach to supply chain management. This article presents eight strategies to help you better manage your supply chains, minimize disruptions and maintain project progress.

Our Annual Nonprofit Conference is designed to provide valuable insights into the financial and operational challenges the nonprofit industry faces and how to overcome them. You will gain knowledge and skills to help you manage your organization or serve on a board more effectively. The conference will be held virtually, and CPE credit will be offered.

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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 #1, Auburn, NY 13021

200 Harborside Drive, Suite 201, Schenectady, NY 12305

220 Stage Road, Vestal, NY 13850

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