Construction Accounting and Contractor Newsletter September/October 2023 Graphic

Contractor May/June 2024

The May/June issue of our Contractor newsletter is now available. In this issue, we discuss the pros and cons of renting, buying or leasing heavy equipment. We also delve into the fundamentals of tax accounting for construction companies. This article reviews the defining features of the cash and accrual accounting methods, as well as the essential elements of two accounting methods for long-term contracts.

Articles include:

  • Construction equipment management: Deciding whether to rent, buy or lease
  • The fundamentals of tax accounting for construction companies
  • Own a construction business with partners? Strongly consider a buy-sell agreement
  • 5 exciting features of today’s telematics systems

As always, if you have questions on any of these articles or other topics related to your construction business, please contact Stephen Slade, CPA in our Horsham office, Adrienne Straccione, CPA, CCIFP in our Philadelphia office, or any of our construction accountants.

To read the May/June issue of Contractor, click here.

DISCLAIMER: The WM Daily Update, WM Wednesday Wisdom, Newsletters, and other related communications are intended to provide general information as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.