Construction Industry Accountants
We Build Relationships
We are accountants for the construction industry and we understand the issues construction firms face including a wide array of challenges, from labor issues to tax regulations to increasing costs and competition. And, after a long day of physical exhaustion repairing a companies’ or person’s roof, often times the last thing construction owners wish to do is come back and go over their books for hours. Rather than exhausting yourself both physically and mentally, let us handle the tax, accounting and bookkeeping issues singular to your business so that after a hard day’s work, you can head home knowing that your business plan is as well constructed as the house you just finished.
MKR has provided accounting services to the construction industry for decades, and we want to offer up our industry-specific capabilities to generate a business and tax plan that reduces your costs, increases your profits and improves how you stack up to the competition.
The IRS uses a computer program called the Discriminant Function System (DIF) to analyze tax returns and red flag them if they deviate from statistical averages. When a return draws a high DIF score, an agent evaluates it and decides if an audit is necessary. Your...
Beyond PPP: These Programs and Tax Provisions Can Provide Alternative Recovery Strategies for Construction Firms
While Congress appropriated a total of $669 billion in loans to small businesses under the Payment Protection Program (PPP) as part of the larger CARES Act, funding was reportedly exhausted by May 5th of this year. However, there are a number of additional programs and tax provisions, discussed below, that business owners should be aware of to use in place of or jointly with PPP loans.
In late December of 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (the Act), which included the long-anticipated pandemic-related Tax Relief Act of 2020. It also included the Taxpayer Certainty and Disaster Relief Act of 2020, which...