The economy is getting stronger, and construction job growth is on the rise, according to news from the Associated Builders and Contractors (ABC), published on June 2, 2017. Small construction companies are sprouting like new apple trees, and tax agencies just love that kind of low-hanging fruit. Easy pickins mean easy tax revenue.
Don’t let your small—or even your larger—construction company fall to the grim reaper! Avoid common mistakes, take a little extra time and care with your record-keeping, and you’ll harvest profits, while paying only the required taxes, and avoiding IRS and other tax agency audits.