/Tag: commercial property

Property Tax and “Cap Rates”

By |2017-05-24T13:42:08+00:00March 9th, 2016|Categories: Real Estate, Tax Planning|Tags: , , , , , , , |

Many cities and towns use a simple formula involving the capitalization, or “cap rate” to calculate property tax assessments. The cap rate is determined by dividing the property’s net operating income by its sales cost.

A Blueprint for Strong Cash Flow

By |2017-05-24T13:42:15+00:00August 5th, 2015|Categories: Business Advice|Tags: , , , , , , |

Cash flow is the lifeblood of any business, but it’s particularly critical for construction companies. And, in today’s economy, the construction industry’s typically modest profit margins are even thinner than usual. That’s why it’s essential to lay a solid foundation for healthy cash flow, starting with the contract. In many cases, it’s possible to negotiate contract terms that can accelerate the flow of cash.

Deferring Taxes for Your Contracting Business

By |2017-05-24T13:42:31+00:00October 14th, 2013|Categories: Articles, Audit & Accounting, Business Advice, Tax Planning|Tags: , , , , , , , |

If you withhold retainage (known as a portion of a contract's final payment withheld by a principal — client or owner — until the project is complete in all respects), from subcontractors, you may be able to defer some of your taxable income to future years. This opportunity stems from the way retainage payable is [...]

GS ALERT: Business Owned Tangible Property – IRS Announces New Rules

By |2017-05-24T13:42:32+00:00September 25th, 2013|Categories: Articles, News, Real Estate, Tax Planning|Tags: , , |

The IRS has released its final regulations on the tax treatment of expenditures related to tangible property. The regulations provide guidance on how to comply with Sections 162 and 263 of the Internal Revenue Code, which require the capitalization of amounts paid to acquire, produce or improve tangible property but allow amounts for incidental repairs [...]

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