Accounting Today

JULY 10, 2025

Lexington, Kentucky: Business owner Matthew Buresh has been sentenced to two years in prison for two counts of failure to pay taxes. Buresh owned and operated CR Cable Construction, which installed underground utility lines. Andrade-Reyes established a shell company that purported to be in the construction industry.

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Accounting Today

JULY 15, 2025

The bill said that you had to have the asset placed in service by 2027 but also you had to start construction on that facility within one year of the enactment date," said Ian Boccaccio, principal and income tax practice leader at tax firm Ryan. "If All rights reserved. The other test is called the 5% project cost test.

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Accounting Today

JULY 21, 2025

aims for operational excellence" ) Top 100 Firm Pinion not only constructed a roadmap for growth, but entirely new positions to support it, reported chief client officer Jeanne Bernick — including her own. All rights reserved. Over the last Id say three to five years, weve gotten really intentional about growth," she shared.

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Accounting Today

JULY 8, 2025

When does construction begin? Additional regulatory guidance will be required to answer these questions and more in order for companies to determine whether construction projects are eligible for accelerated recovery under the election. All rights reserved. For example, what constitutes an integral part of a production activity?

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Accounting Today

JULY 15, 2025

a manufacturer of roofing, waterproofing and related construction products. All rights reserved. Dexcoms $6.5 billion helped Deloitte come in second in terms of new assets audited, helped by $5.1 billion from QXO Inc., Dexcoms $4.6 million in audit fees also helped Deloitte take second in that category, along with $4.3

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Dent Moses

JUNE 9, 2025

Corporate Tax Rate Unchanged Despite prior campaign discussion of lowering the corporate tax rate to 15%, the bill does not propose a change from the current 21%. It also extends limits for mortgage interest deduction, casualty losses, and miscellaneous expenses.

Tax 52

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Accounting Today

JUNE 9, 2025

Listen: " The state of the Big Beautiful Bill and more. ") "We remain deeply concerned by several provisions, including those which would abruptly terminate several credits just 60 days after enactment for projects that have not yet begun construction," the lawmakers said in a letter to the Senate. All rights reserved.

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Accounting Today

JUNE 25, 2025

It also has clients in the real estate, construction, not-for-profit, health care, technology and other sectors. It offers assurance and attestation, consulting, tax compliance and advisory, valuation and forensic accounting. All rights reserved. Louis, combined with Maggart & Associates, P.C.,

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Accounting Today

JUNE 30, 2025

ASL offers corporate and individual tax planning and compliance, assurance and accounting, estate and gift tax planning, litigation support, succession planning and valuation. It specializes in real estate, construction, technology, international, manufacturing and distribution, nonprofits and renewable energy.

Technology 45

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Xero

MARCH 25, 2025

If you’re in the construction industry, don’t forget to review and reconcile your Construction Industry Scheme (CIS) Suffered report for the tax year. Tax codes If you were on a W1/M1 tax code, Xero will switch you back to the normal tax method at the start of the new tax year.

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Accounting Today

JULY 16, 2025

Zohran appreciated the meeting today, and felt it was a constructive, honest discussion," Jeffrey Lerner, a spokesman for Mamdanis campaign, said in a statement. "We All rights reserved. CEO Dara Khosrowshahi, Hearst Corp. CEO Steve Swartz, Related Cos CEO Jeff Blau, and Centerview Partners co-founder Blair Effron, the people said.

Tax 52

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Accounting Today

JULY 1, 2025

Ohio (101.04) regained the top rank among states for small business job growth in June with all sectors other than construction reporting a jobs index above 100. metropolitan areas for small business employment growth in June, led by strong job gains in construction. All rights reserved. Dallas (100.82) ranked No.

Ohio 93

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Accounting Today

JULY 18, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Wind turbine foundation components at a construction hub at the Port of Providence in Providence, Rhode Island. annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trumps sweeping economic legislation.

Rhode Island 71

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Menzies

AUGUST 4, 2024

For companies that pay the full rate of corporation tax, this reduces the cost of plant and machinery by 25% in the year in which it is purchased. Construction groups often structure themselves so that valuable plant and machinery is held separately from the company that carries out the construction work.

Construction 59

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PYMNTS

MAY 22, 2020

million-square-foot project will be split into three regions — business, logistics, and social, according to a report in the Global Construction Review. DCC merchants will not have to pay income tax or corporate tax and will get support services for immigration, healthcare, administration and banking. The proposed 2.1

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Xero

MARCH 16, 2023

If your business is in the construction industry, you may also need to ensure you’ve reviewed and reconciled your Construction Industry Scheme (CIS) Suffered report for the tax year, so you’re prepared to enter an accurate value for the last submission of the tax year.

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MyIRSRelief

APRIL 29, 2024

Tax and accounting specialists can help these businesses optimize their tax structure, maximize deductions, and ensure accurate bookkeeping practices. Specialized tax and accounting firms cater to the specific needs of these individual cities, understanding the local tax landscape and the challenges faced by businesses in that region.

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KROST

MAY 23, 2022

Established in 1939 in Pasadena, California, KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax, accounting, consulting, assurance and advisory, M&A and capital markets, corporate tax incentives, and wealth management.

Real Estate 82

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Xero

AUGUST 11, 2022

Meanwhile, self-employed people under the Construction Industry Scheme (CIS) will need a UTR number to register for a tax refund. You’ll see your UTR number at the top of the page, while it will also appear on letters relating to your tax account sent by HMRC, as well as notices to file your return and payment reminders.

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Cherry Bekaert

OCTOBER 9, 2023

Tax Advantages – REITs do not have to pay a corporate tax, so there is a higher available payout for investors. Pass-Through Deduction – 2017 tax reforms allow REIT investors to deduct up to 20% of combined qualified income, including qualified REIT dividends from income tax.

Real Estate 110

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Menzies

NOVEMBER 9, 2023

Tax Major tax changes are unlikely. CIS The UK Construction Industry Scheme (CIS) has been operating for many years, and back in April, the government launched a consultation on reform to remove a number of longstanding irritations for those companies who have to make CIS returns.

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PYMNTS

SEPTEMBER 13, 2017

The construction industry is facing multiple headwinds, from late supplier payments to a talent shortage. According to Euler Hermes, the construction sector, which is worth $10 trillion worldwide, is expected to enjoy 3.5 “Construction accounting is a little more complex,” he recently told PYMNTS.

Construction 51

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Withum

NOVEMBER 17, 2022

Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Energy credits. Not-for-profits.

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PYMNTS

FEBRUARY 20, 2020

Serving a diverse range of industries from financial services, technology, consumer packaged goods, and energy to higher education, construction, and industrials, Longview works with blue chip companies worldwide, including Deloitte, Samsung, Shell, BMW, Vodafone, Hasbro, and more,” the release said.

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PYMNTS

JULY 31, 2019

The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities. She also noted that 160 retail fuel suppliers and 453 construction companies weren’t paying taxes either. Corporate tax in the country is set at a flat rate of 15 percent.

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Menzies

OCTOBER 6, 2023

For example, consider a company that has a corporation tax liability of £1 million for the 12-month period ending on 31 March 2024. The Full Expensing first year allowance will effectively reduce the company’s corporation tax liability by £250,000. Who Is Eligible to Claim the Allowance?

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PYMNTS

SEPTEMBER 28, 2020

Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . More Nevada Tax Breaks for Google Data Centers . Google continues expanding in Nevada, with the internet search giant receiving $25 million in tax breaks from the state for another $600 million data center now under construction in Hendersonville.

Illinois 64

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Menzies

MARCH 1, 2023

Losses are entitled to corporation tax credits by offsetting a trading loss against profits from gains from the same or previous periods, with remaining losses being available for offset in the future. Tax An LLP is not liable to tax, with partners taxed as individuals.

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Menzies

AUGUST 21, 2023

With the main rate of corporation tax now at 25%, companies will need to ensure they are maximising tax reliefs available to reduce the impact of this increase in rate. While this structure is often used in the construction industry, it is not exclusive to that sector and is also prevalent in other industries.

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PYMNTS

JULY 21, 2017

According to Morgan Stanley CEO James Gorman, lower corporate taxes and more streamlined bank regulation could “allow U.S. If you’re in construction or heavy equipment, it’s uncertainty about whether we’re going to have an infrastructure bill,” King said.

Washington 40

Washington Healthcare corporation tax Construction 40

Menzies

MARCH 1, 2023

No national insurance is due on interest payments and the company will obtain a corporation tax deduction for the gross interest paid. Care needs to be taken to ensure 20% income tax is withheld by the company and paid to HMRC via a CT61 return.

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Accounting Insight

FEBRUARY 1, 2024

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. What is a business tax enquiry / hmrc corporate enquiry ?

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Cherry Bekaert

JULY 17, 2024

tax landscape. From corporate tax rates to compliance requirements, there are several key considerations you should be aware of if your global company is expanding, or selling, in the U.S. Global Intangible Low-Taxed Income (GILTI) GILTI is applied to the revenue of non-U.S. While selling in the U.S.

Tax 52

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Simple Accounts

MARCH 30, 2022

Work in Progress: The partially finished or products under construction waiting for completion. You must be aware of new changes in tax, accounts, etc. For example, if you are being interviewed by a UAE-based company, explain the new federal corporate tax introduced by UAE. . Example: A half-assembled automobile .

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Menzies

MARCH 1, 2023

This means that for every £100 of qualifying costs, the business could reduce its profits subject to corporation tax by £130 (£86) on top of the £100 spent, meaning that the £100 effectively costs £56.30 (£53.55 – £64.66 depending on your tax rate from 1 April 2023).

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Menzies

FEBRUARY 15, 2023

Company Residence A company is treated as a resident if it is a resident for corporation tax purposes on the date of purchase but there is an exception for such companies that are controlled by any number of non-resident participators. For the purposes of determining control, the rights of associates are added together.

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Menzies

MARCH 1, 2023

The company pays corporation tax on its taxable profits (25% for companies with profits of £250k or more, from 1 April 2023), with the net profit left in the company’s reserves. Tax efficient profit extraction is then a key consideration, often incorporating salary, dividends and pension contributions.

Legal 40

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