The Construction Industry

A Multiplex of Special Construction Tax Rules

Construction businesses have a variety of special tax rules that have to be carefully considered not only with each tax year but with each new contract and project. These rules need to be carefully considered in conjunction with the planning needs of the business. Some of these considerations include:

1. Different tax lives of construction assets
2. Several methods of accounting for contracts
3. Leverage affecting bonding capacity
4. Special US production deductions
   

Let Dickinson & Clark help you navigate through these considerations. With over 50 years of work in the construction industry, our team prides itself on our ability to identify some of those key issues and work with you to manage them efficiently and effectively. It is critical to coordinate your cash flow projection with your tax planning to allow for strategic operations and avoid violating any bonding/banking requirements.