Does your construction business work in the residential sector? If so, there are some powerful tax incentives in effect right now that could generate revenue for your company. However, many property owners may not beRead More »ZCPA: Residential construction companies should get the word out about home energy tax credits

If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0)Read More »ZCPA: How the new SECURE 2.0 law may affect your business

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that mayRead More »ZCPA: Tax-wise ways to save for college

The construction industry has always been all about mobility. Yet many contractors continue to hold on to paper processes that keep employees — and project information — unnecessarily tethered to the front office. The widespreadRead More »ZCPA: The case for a digital construction enterprise

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers thatRead More »ZCPA: Employers should be wary of ERC claims that are too good to be true

A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0Read More »Emil @ ZCPA: SECURE 2.0 law may make you more secure in retirement

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will beRead More »The standard business mileage rate is going up in 2023

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment thatRead More »Renting to a relative? Watch out for tax traps

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of theRead More »How to minimize the S corporation LIFO recapture tax

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smartRead More »Save for retirement by getting the most out of your 401(k) plan

Construction companies may not view themselves as “cutting-edge innovators” in the vein of software developers or medical researchers. But contractors can qualify for the research tax credit and potentially reap a substantial reward in lowerRead More »Why smaller construction companies should consider the research credit

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that applyRead More »2023 Q1 tax calendar: Key deadlines for businesses and other employers