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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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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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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.

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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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Property & Construction: Spring Budget 2024 Predictions & Wish List

Menzies

See our Property & Construction Team’s predictions and wish list for the Chancellor’s Spring Budget 2024 below. Help to buy scheme extended or re-imagined As we have seen in the news recently, the number of insolvencies in the construction sector is increasing significantly and the housebuilding sub-sector is the worst hit.

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Effective Grant Management for Local Governments

LSLCPAs

Because local governments rely on grants for funding projects not covered by tax revenue, knowing how to land a grant will help you serve your community in the best possible way. You might be seeking funding for the operation and support of various community programs, the construction of infrastructure projects, or the acquisition of certain.

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California Construction Company Owner Guilty of Employment Tax Crimes

CPA Practice

According to court documents and statements made in court, Larry Kudsk of Berkeley, California, operated two construction businesses, Kudsk Construction, Inc., These companies served as general contractors or subcontractors, including on some government projects. and for all four quarters of 2016 for Kudsk Construction, Inc.