Recognize issues that can affect the year-end tax planning process for construction contractors.
Many construction contractors are meeting with their accountants to discuss year-end tax planning issues. This topic will assist the owners and accounting personnel of construction companies with how to recognize issues that can affect the year-end planning process. This topic will also discuss recurring issues that construction contractors encounter including choice of entity and choice of accounting methods. In addition, a discussion of general sales tax issues will occur to help the construction contractors recognize issues that state sales tax auditors are targeting.
Learning Objectives
- You will be able to describe how to choose the correct entity to use.
- You will be able to identify general sales tax issues.
- You will be able to discuss employee expense reimbursements.
- You will be able to review accounting methods.
Agenda
Employee Expense Reimbursements
- Actual Expenses
- Per Diems
Choice of Entities
- Corporations
- Partnerships
- Limited Liability Companies
- Joint Ventures
Accounting Methods
- Code Section 460
- Retainage Receivables and Payables
- Section 263A
- When Is a Job Considered Closed
General Sales Tax Issues
- Time and Material V. Lump Sum Contracts
- Importing Materials From One State to Another
- Tax-Exempt Jobs
Current Tax Topics
- State Passthrough Entity Taxes
- Bonus Depreciation
- Beneficial Ownership Information Reporting
Speakers
Jolaine L. Hill, CPA,
Katz, Sapper & Miller- Manager with Rosen, Sapperstein, and Friedlander
- Current and past firms have had construction contractors and real estate development companies as a part of their practice
- Conducts seminars and workshops on the construction industry
- Member of the American Institute of Certified Public Accountants, Indiana CPA Society, and Maryland CPA Society
- Graduate, with honors and distinction, Indiana University
Who Should Attend
This live webinar is designed for construction and project managers, contractors, subcontractors, presidents, vice presidents, business owners and managers, controllers, accountants, engineers, and other construction professionals.
