We understand what it takes to reduce your costs and improve profitability in a fiercely competitive market.

With a proactive approach to your complex tax needs, you can depend on our industry specialists to identify and capitalize on opportunities related to structuring, financing alternatives, and balance sheet planning.

Our experience working with general, heavy/highway, and other specialty contractors, as well as architecture and engineering firms, goes beyond audit and tax services. As you work to build your business, rely on our straightforward advice to resolve disputes, plan for succession, execute acquisitions and divestitures, and improve internal controls.

Continual collaboration with our renewable energy development, real estate transactions, and public sector specialists provides you with a valuable connection to construction opportunities.

Permanent extension and expansion of research and development tax credit

Permanent extension and expansion of research and development tax credit

Recent legislation bring a number of changes to the research and development (R&D) credit, making it easier for construction contractors to invest in innovation in the US. With the R&D credit now permanent, taxpayers can more effectively plan and commit to long-term investments in R&D and innovation. In addition, the ability to offset the credit against AMT removes a major obstacle associated with utilization of R&D credits, particularly for owners or members of pass-through entities.

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Our Take

image of Todd A. Carpenter

“Although construction demand is recovering, strong competition has reduced profit margins. Contractors need to take advantage of opportunities to reduce costs, maintain or grow the organization, and understand available tax minimization strategies.”

— Todd A. Carpenter Partner, CPA