Are the workers you employ on the job site considered employees or independent contractors? This is an important distinction that contractors and subcontractors must understand… Read More »Employees Versus Independent Contractors
Construction Tax Issues
From the September 2016 issue of Construction Dollars and Sense, Smith Adcock and Company monthly newsletter. First covered in this newsletter, when the developer won… Read More »Construction Dollars and Sense: CCM for reporting income for planned communities
In May, the Cobb County Board of Commissioners approved the GMP (guaranteed maximum price) for construction of the new Atlanta Braves stadium at $462.2 million.… Read More »Cobb County Board approves $462 million GMP for new Braves stadium
This guest post was written by Al Clark with Smith Adcock and Company LLP ([email protected]).
Contractors in Georgia have special sales tax reporting and filing requirements. Non-compliance with those rules can be expensive if audited. A GC may be liable for sales tax the sub was supposed to pay on materials, or a GC may be required to withhold on payments to a non-resident subcontractor.Read More »Guest Post: Georgia Sales Tax Basics For Contractors
This guest post was written by Alan Clark, CPA, a construction industry accountant at Smith, Adcock and Company.
The IRS issued Temporary Regulations in its current round of attempts to clarify when to deduct and when to capitalize tangible property costs. Read More »Guest Post: Treasury Issues Temporary Regulations Concerning Tangible Property Costs