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Update on the Status of the 179D Deduction

In 2005, Congress passed the Energy Policy Act which created the 179D Energy-Efficient Commercial Building Deduction. The 179D deduction allowed owners ... read more >

What Percentage of Health Insurance Coverage Does Your Construction Company Pay?

A question was recently posted on the Construction Financial Management Association (CFMA) message board requesting input as to the amount of health insurance ... read more >

Can the Use of Drones Result in Cost Savings for Your Construction Company?

Studies focusing on construction efficiency have documented 25% to 50% waste in coordinating labor and managing, moving, and installing materials (Tulacz ... read more >

Significant Changes to the Use of Bonus Depreciation on Nonresidential Real Property Beginning in 2016

Bonus depreciation, which was scheduled to expire after 2014, was extended through 2019 by the PATH Act. Under the PATH Act, 50 % bonus depreciation applies ... read more >

Is Your Construction Company Treating Automobile Allowances Correctly?

A recent post on the Construction Financial Management Association (CFMA) website posed the question, “Are car allowances always taxable?” ... read more >

Apprenticeship Tax Credit Available For Contractors Doing Business in West Virginia

Contractors doing business in West Virginia may claim a credit against their West Virginia corporate net income or personal income tax for wages paid to ... read more >

PATH Act of 2015 Extends 179D Through 2016

Impact of the PATH Act of 2015 on 179D On December 18, 2015, President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) that ... read more >

Ninth Circuit Decision Raises the Home Mortgage Limit on Property That is Co-Owned by Unmarried Individuals

The Ninth Circuit Court of Appeals recently reversed a Tax Court decision (Voss v. Commissioner) and concluded, contrary to the Internal Revenue Service’s ... read more >

West Virginia Business Franchise Tax Phase-Out Could Benefit the Oil and Gas Industry in 2015

In an effort to compete for new and expanding businesses, West Virginia has eliminated its business franchise tax as of January 1, 2015. The elimination ... read more >