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Ep37: Year-End for Construction

The colder temperatures may pause construction projects, but for construction company owners, year-end is the perfect time to get the company’s financials in place for 2020 to secure bonding capacity. Today, Chuck & Brittany are joined by construction accounting and tax experts Chris Benko & John Valle to discuss critical year-end tasks for business owners. …

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Year-End Balance Sheets for Bonding

By Chris Benko, CPA | Principal, Audit & Assurance | Leader, Construction and Real Estate Niche Wrapping up year-end financial statements is critical for all business owners, including construction contractors. Preparing year-end financials can help owners navigate bonding capacity for the following year. Reviewing Bonding Year-End Statements When it comes to providing year-end financial statements …

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Understanding the Expense Deduction Changes in Real Estate

Effective January 1, 2018, your interest expense deduction may be limited. But why would any administration want to hinder that process? After all, taking out a loan to start a business, or help grow your existing business, is crucial for anyone chasing the “American dream”.  To help mitigate the outrage amongst taxpayers, legislators wrote in …

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