How the One Big Beautiful Bill May Impact Financial Statements for Contractors
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, brings significant tax and financial reporting changes that contractors can’t afford to overlook. From new tax incentives to revised accounting rules, the legislation reshapes the financial landscape — particularly for C corporations. In this article, I will highlight the key changes and what they mean for your business.
EDR Bonds Offer an Intriguing Alternative for Contractors
In the construction industry, conventional performance bonds often lack clear timelines for resolving disputes, leading to delays and uncertainty. Expedited Dispute Resolution (EDR) bonds offer a streamlined, time-bound approach that helps contractors and project owners address conflicts more efficiently. This article explores how EDR bonds work and why they matter.
Construction Businesses Shouldn’t Overlook the R&D Credit
Can construction companies claim the R&D tax credit? You better believe it! Many construction business owners assume the federal research and development (R&D) tax credit doesn’t apply to them. However, certain construction activities may qualify. Here’s a thorough discussion of what contractors need to know.
Is Your Construction Business Ready for Connected Jobsites?
Mobile technology was once difficult to use on construction jobsites, where rugged conditions and weak connectivity limited laptops, smartphones and other digital tools. Today, “connected jobsites” use cloud-based systems, sensors and mobile apps to track resources, enhance communication and improve efficiency. This article outlines the core features of connected jobsites, how the technology works and the operational and financial benefits it can deliver to construction companies.
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.
