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Construction contractors and sales tax

TaxConnex

Construction contractors have a tough job these days, given labor shortages, supply-chain headaches and mushrooming regulation. Generally, a business in the construction industry is performing a service, and most services are excluded from sales and use tax. Lump-sum and separated (itemized) contracts. Tax-exempt entities.

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Simplified Strategic Planning for Government Contractors

Acterys

Strategic planning is essential to any government contractor’s success, but that doesn’t mean it has to be complex. Simplified strategic planning focuses on setting clear objectives, understanding your government customer’s needs, and aligning business capabilities accordingly.

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ADP Adds HCM Solution for Construction Industry

CPA Practice

Payroll, HR, and benefits software provider ADP has launched a human capital management solution specifically for the unique needs of construction firms. In addition, an uncertain economy makes it harder for construction firms to manage material and labor costs. Manage and assign union wages and benefits.

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New Home Construction Surges, Beats Expectations

CPA Practice

housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel economic growth. Beginning home construction jumped 21.7% million annualized rate, the fastest pace in more than a year, according to government data released Tuesday.

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Sage Intacct Construction for General Contractors and Developers 

Withum

Sage Intacct Construction is one of the top construction finance management software providers and is the first and only AICPA-preferred accounting solution for general contractors and developers. Sage Intacct Construction enables proactive management of valuable financial metrics and improves cash flow.

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Complexities of Sales Tax: Construction

TaxConnex

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. That might be true in some states but different states have different rules when it comes to construction services.

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Case Study: Optimizing Tax Incentives for Real Estate & Construction Firms

Cherry Bekaert

Company Background The Company is a prominent player in commercial and residential real estate construction, operating across the southeast of the U.S. The IRA provides real estate and construction companies with enhanced financial incentives to invest in energy-efficient, or other environmentally friendly, features. per square foot.