Construction accounting has its own unique set of accounting complexities not faced by other industries. Whether you are the bookkeeper or owner of a construction company, you are affected by the accounting practices your company elects. This article provides different best practices that your accounting team should consider when determining the best accounting approach for your company.
Month: October 2018
Pat Lang is a senior associate at Corrigan Krause.
Accelerated depreciation is a tax strategy that businesses have been utilizing for quite some time. There are two types of accelerated depreciation: Section 179 Depreciation and standard Bonus Depreciation. A huge advantage of accelerated depreciation to business owners: the full cost of the purchase may be written off in the year that its placed into service, even if that asset is financed. This post highlights eac Read More >>
