Six Pertinent Provisions of the OBBBA for Construction Companies
The One Big Beautiful Bill Act (OBBBA) brings several significant changes for construction companies. Key provisions include accounting exemptions for residential projects, accelerated depreciation on capital expenditures and increased business interest deductions. Additionally, the OBBBA introduces incentives for distressed community construction, reduced taxation on overtime and the elimination of certain clean energy tax credits. This article outlines how these six provisions can impact cash flow, tax strategies and project planning for construction businesses.
What Contractors Should Know About Newly Boosted Qualified Opportunity Zones
Construction business owners: Are there qualified opportunity zones in your market? If so, expanded incentives under the One Big Beautiful Bill Act could drive new construction projects. This article digs into key changes to the QOZ program, including enhanced tax deferrals, extended investment periods and the permanent status of the program, providing a potential boost for future development projects in your area.
How Construction Businesses Can Establish Themselves on Social Media
In today's competitive construction industry, standing out is essential to attract customers, prospects, investors and top talent. One effective way to do so is by establishing a strong presence on social media. This article offers practical tips to help you get started.
Nine Essential Types of Insurance for Construction Companies
For many contractors facing rising supply chain costs, labor shortages and tariff-impacted material prices, comprehensive insurance may seem like an unnecessary luxury. However, with these challenges, having the right insurance coverage is more critical than ever. This article outlines nine essential types of insurance that every construction business should consider.
In today’s evolving economic environment, staying up to date on key accounting standards and regulatory changes is essential for contractors. In this session, our experts will cover critical audit and tax updates, provide a detailed walkthrough of the work-in-progress (WIP) schedule and explore the latest procedures, risks and industry trends impacting your bottom line.
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.
