Rodefer Moss is seeking Construction Accounting Auditors for temporary assignments to join our Disaster Accounting Teams in Tuscaloosa, AL and Joplin, MO. TUSCALOOSA: Ideal candidates for the Tuscaloosa Project will have 3+ years of public accounting experience, preferably in Construction. Certified Public Accountants preferred, but not required. UPDATE: We now have positions open in the… Read More »
Category Archives: Construction
Contractors: The IRS man cometh and may take an additional 3%
Good news for contractors: It appears that implementation of the law requiring 3% withholding on government contracts will be delayed from Jan. 1, 2012 to Jan. 1, 2013. Bad news for contractors: Most general contractors don’t make a 3% profit on contracts; therefore, the withholding could be as much as or more than the profit… Read More »
Working on a construction job out-of-town?
Generally speaking, you can get a tax deduction for living expenses incurred while you are on a temporary construction job as long as the assignment is realistically expected to take one year or less. For example, let’s say you live and work mainly in one city. But because of a shortage of construction jobs, you take a… Read More »
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Collect deductions sooner with cost segregation
If you are a commercial property owner, you’re probably depreciating the building over 39 years. So every year, you get to deduct 1/39th of the property’s value (excluding the land) from your taxes. That’s a long time to wait to receive all the tax benefits. Did you know there may be a way to accelerate… Read More »
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Construction law news from Lewis King
Some great articles from our friends at Lewis King Krieg & Waldrop, PC: Design Professionals, beware! A fallen balcony in Texas may change how you conduct contract administration. TOSHA Monetary Penalties are Constitutional in Tennessee. The Supreme Court of Tennessee has ruled on the question of whether or not TOSHA monetary penalties over $50 violate the… Read More »
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National Construction Outlook: Could there be growing optimism?
Just two years removed from the ‘black swan’ crash of the financial markets that exposed a deep global recession, the national economy seems to be on its firmest footing since the winter of 2007-2008. Many questions still remain about the duration and vigor of the recovery, but several respected observers have released outlooks for 2011… Read More »
Could contractors do better if they made handling claims situations a part of their method?
The most effective contractors are the ones who look at the means and methods for a project to identify ways they can build the job more efficiently. A creative or innovative plan for delivering the project can mean success in landing the job and it certainly can improve a project’s profitability. In a competitive construction… Read More »
