Construction companies operate in a unique environment-a competitive one with a complex regulatory landscape and a constantly rising cost of doing business. But there are powerful ways to help offset that cost for companies in the construction industry and help them remain competitive.
Many construction companies often overlook certain tax credits and deductions, some representing a dollar-for-dollar reduction of your income tax liability. Tax credits and deductions are great ways to produce added value through everyday activities and represent a win-win for businesses and the nation’s economy.
This 90-minute session will provide a background and overview of qualitative and quantitative tax credit and deduction requirements as well as examples of qualifying activities and case studies from construction related industries for the following federal and state tax incentives: Federal and California R&D Tax Credits, Domestic Production Activities Deduction, Energy Efficient Commercial Building Deductions, Cost Segregation and Fuel Excise Tax Recovery.
After this session, you will be able to:
Identify construction industry activities that can qualify for tax credits and deductions.
Estimate tax credits and deductions and the potential impact on your company’s bottom line
Interpret recent law changes in terms of your company’s ability to claim the credits and deductions.
Earn 1.5 CPE Credits in the Field of Taxes. This is a group-live program at the Basic level. No prerequisites or advanced preparation required.