Tax Strategy For The Construction Industry
Building Cash Reserves
Taxes, particularly hidden taxes that many don't realize they are paying, are a significant and overlooked contributor to reduced cash flow for construction companies.
Slow payment cycles and a multitude of other factors increase reliance on credit resulting in higher operating higher costs. This is why cash flow is often the difference between success and failure in the construction industry.
The construction industry is highly competitive and volatile. Successful firms ensure they have cash reserves to weather change. We help our clients accomplish this by reducing their taxes, significantly.
Free Report: What's Inside?
What's behind persistent labor shortages, the changing workforce, and hiring trends?
What's driving demand for for-rent properties and anticipated trends in commercial and residential starts?
What technology investments are successful firms making?
Economic factors influencing credit markets, supply, and demand.
Complete sector forecast and more...
The Four Pillars Of Tax Reduction
Income Tax Reduction
Objective: Increase Cash Flow Now
If you own a business, income taxes are undoubtedly one of, if not your largest annual expense. It doesn't have to be that way. Your tax plan warrants continuous optimization. Your personal balance sheet will improve substantially through careful compensation planning, the use of accelerated depreciation, thoughtful accounting elections, and strategic application of credits and deductions.
Executive Compensation & Benefits Strategy
Objective: Immediately Increasing Net Worth
As a business owner, it's as important to focus on how you take money from your business as the amount you take. Most business owners don't recognize the inefficiency hidden in their payroll structure or the hidden opportunities in the benefits plans. Optimizing your compensation and benefits plans can save you tens or hundreds of thousands annually.
Tax Efficient Investing
Objective: Preserving & Compounding Wealth
Savvy investors know that investing is as much about where investments are made as the amount invested. But, how those investments are made is equally critical. A tax-efficient investment strategy will reduce tax drag, protect the wealth you have built, and increase investable assets.
Exit & Estate Tax Planning
Objective: Realizing Generational Wealth
Exit planning and estate planning are inextricably linked. Your exit plan should be designed to maximize and protect the value of what is likely your most valuable asset and your estate plan should leverage that asset and the wealth it created for the benefit of your family for generations.
Questions?
Let's build something together. Our strategic advice will deliver measurable returns in the near and long term for your company. Schedule a free consultation with our team today.
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