Our Thoughts On Archive

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?”

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

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

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

General Rules Regarding Like-Kind Exchanges

Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. Internal Revenue

West Virginia Business Franchise Tax Phase-Out Could Benefit the Construction and Real Estate Industry in 2015

In an effort to compete for new and expanding businesses, West Virginia has eliminated its business franchise tax beginning on January 1, 2015. The elimination