Construction Tax Services for Businesses in Colorado and the Western US
The construction industry requires a thorough understanding of building codes, zoning, and builder’s risk insurance. Similarly, in order to plan for and prepare construction taxes, it’s important to thoroughly understand current tax laws and compliance requirements. That’s why you want to work with an experienced tax professional who is up-to-date and knowledgeable in construction tax services. At The Office of Peter Gillman in Fort Collins, our team has more than 20 years of experience in construction taxes. We are prepared to build a partnership with you to ensure you get the tax planning and preparation services you need.
Accounting methods for construction taxes are varied, which makes understanding the best approach to tax preparation a confusing undertaking. However, with the help of a certified public accountant who’s familiar with construction taxes, you’ll have the help of someone who can provide the following:
- Knowledge of complex tax codes.
- Help in determining the proper allocation of labor costs, subcontractor utilization, and material costs. As well as an understanding of indirect costs when it comes to insurance, supervision, tools, and equipment.
- Knowledge of whether to report income on an accrual basis or cash basis.
With the help of a tax professional, you’ll be able to maximize every dollar and minimize the likelihood of making a costly error when it comes to tax planning and preparation. Contact The Tax Office of Peter Gillman in Fort Collins, CO now to learn more about our construction tax services.