Withum

SEPTEMBER 2, 2022

The federal tax incentive for qualified energy property was extended through the IRA for most projects that begin construction before January 1, 2025 (2035 for geothermal energy used for healing and cooling a structure). For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

Tax 69

Tax Construction Government tax services 69

Withum

JANUARY 21, 2022

Offering this new benefit or loosening restrictions on existing PTO programs is great for employee morale, but it can cause unintended tax consequences under the constructive receipt doctrine. The problem with these plans is they create unintended tax consequences due to an arcane tax concept called the constructive receipt doctrine.

Tax 81

Tax Construction tax services business tax 81

Withum

SEPTEMBER 6, 2022

Under the IRA, the square footage deduction could be as high as $5 per square foot encouraging the construction of energy efficient commercial buildings. For more information on this topic, please contact a member of Withum’s Business Tax Services Team. The deduction for the 2022 taxable year was $1.88 Contact Us.

Construction 80

Construction tax services business tax Tax 80

Withum

MAY 16, 2022

QRPBI is debt that is incurred or assumed by the taxpayer in connection with real property used in a trade or business and is secured by such property. For property acquired on or after January 1, 1993, QRPBI includes debt used to acquire, construct, reconstruct, or substantially improve real property. Business Tax Services.

Real Estate 131

Real Estate Tax income tax tax return 131

Withum

JUNE 24, 2022

Did the taxpayer include the correct qualifying wages for small eligible employers (all wages paid during the relevant period) and for large eligible employers (only wages paid not to provide services during the relevant period)? Business Tax Services. Contact Us. Contact Us. appeared first on Withum.

Tax 126

Tax audit tax return tax services 126

Steve Feinberg

JANUARY 30, 2023

HVAC accounting is more similar to bookkeeping for construction companies, in that each job undertaken needs to earn more than it takes to complete. But any HVAC technician, independent contractor, or construction firm owner knows that’s easier said than done. See related: Small business tax services.

bookkeeping 52

bookkeeping Construction small business accounting accounting software 52

Steve Feinberg

SEPTEMBER 7, 2023

Let’s look at some of the best tips and advice for bookkeeping for home service contractors. Importance of Bookkeeping for Home Service Contractors Bookkeeping for small construction businesses and home service contractors is crucial for many reasons.

bookkeeping 52

bookkeeping bookkeeping services bookkeeping software accounting and finance 52