Minimize tax burden with targeted tax strategies.
Construction companies, regardless of size or geographic presence, need a firm that understands tax strategies at the federal, state, and local levels. Wipfli’s specialized team of tax professionals take a proactive approach to tax planning and compliance and assist contractors in all areas of taxation.
Teams have significant knowledge and experience in the following areas:
- Choice of business entity
- Business formation and capitalization
- Tax accounting methods – opportunities to maximize tax deferral
- Employee-related tax issues
- Employee versus independent contractor
- Temporary work assignments
- Tool reimbursements
- Personal use of company vehicles
- Per diems
- Work opportunity tax credit
- Domestic production activities deduction
- Research and development tax credit
- Section 179D deduction for energy efficient commercial and government properties
- Section 45L credit for energy efficient multi-family properties
- State and local tax credits and incentives
- Business mergers, acquisitions, restructurings and other changes in ownership – maximizing deductions
- Tax planning for business sales and liquidations
- Tax audit and appeals assistance
- State and local tax planning and compliance
- Key employee tax issues
- Business succession planning
- Tax-efficient exit strategies
- Estate and gift planning
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