Construction Industry Advisor – Spring 2016

Spring 2016_Page_1Construction Industry Advisor – Spring 2016

Are You Getting All That You Deserve?  Don’t Overlook the Research Credit

If a construction company commits resources to developing new building techniques, improving processes, experimenting with alternative materials, or devising other innovations, it may qualify for the research tax credit.  This article looks at the benefits of this tax break and what activities qualify.  A sidebar notifies readers that a new and improved version of the credit is now available to smaller companies.

Maximizing the Section 199 Deduction

Many contractors overlook the Section 199 deduction.  Yet it’s available for “construction of real property performed in the United States” by a taxpayer “engaged in the active conduct of a construction trade or business.”  This article explains how to not only claim the deduction, but also how to maximize its benefit.

Enhance Your Operations With Benchmarking

Benchmarking is the process of comparing one’s business processes and performance metrics with your own historical data or those of other, similar companies.  In doing so, contractors can learn how to enhance their operations.  This article explores the distinction between internal and external benchmarking, and it explains how to pick the right data points and gather the most useful information.

Contractor’s Toolbox -  Drones on the Job Site

Unmanned aerial vehicles, commonly referred to as “drones,” hold great promise for the construction industry.  But contractors must familiarize themselves with the various regulatory issues involved.  This article discusses the potential benefits of drones and warns of increased FAA scrutiny into their commercial use.

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