August 2026

Shawn T. Layo

CPA

Tax Partner

Featured Article From Our Experts

2026 Meal Deduction Changes: What Every Construction Company Needs to Know

Beginning January 1, 2026, significant changes to the federal tax treatment of employer-provided meals took effect, creating important implications for construction businesses. While contractors often focus on depreciation, equipment purchases, and labor costs, the tax treatment of meal expenses can also have a meaningful impact on overall tax liability. In this article, I examine the new rules, explain how they affect employer-provided meals and highlight key considerations construction business owners should keep in mind when planning expenses and maintaining tax compliance. 

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Six Ways Contractors Can Better Manage Accounts Receivable

Aging accounts receivable can strain cash flow and weaken a construction business’s financial performance. Change orders, retainage, project disputes and slow approvals can all delay payment and make collections more challenging. These six strategies can help contractors strengthen their accounts receivable practices, encourage timely payments and improve cash flow. 

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What Contractors Should Know About Davis-Bacon Act Compliance

Publicly funded construction projects can offer valuable opportunities, but prevailing-wage requirements can add significant compliance complexity. Contractors considering federally funded work should understand how the Davis-Bacon Act affects wage and fringe benefit calculations, worker and project coverage and other compliance obligations. Learn about key requirements, recent regulatory developments and the potential consequences of noncompliance. 

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Bonding Success May Lie in Your Financial Statements

Many small and midsize construction businesses struggle to secure the bonding capacity they need. While you may already follow surety-favored practices like preparing accurate estimates and maintaining a strong relationship with your bonding agent, you could be overlooking a powerful tool: your financial statements. This article explores how they can help strengthen your bonding capacity. 

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About Dannible & McKee, LLP

Dannible & McKee, LLP is a leading CPA firm that has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Known for our technical expertise and deep industry experience, we are committed to delivering high-quality service tailored to our clients' needs. As trusted advisors to the construction industry, we are highly respected among construction leaders and actively engaged with many organizations that shape the sector. 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. With a comprehensive understanding of all aspects of construction, we help businesses navigate daily operational challenges, maximize cash flow and develop long-term strategies for sustained success.

Learn more about Dannible & McKee at: www.dmcpas.com.