November 2024

Benchmarking Financial Performance in Construction

Benchmarking financial performance is an essential practice in the construction industry. Doing so allows companies to evaluate their financial health against the industry standards. In this article, I will highlight the importance of benchmarking, outline a structured process for implementing it and provide guidance on analyzing the results to drive strategic improvements and long-term success.

Is a PTET Election Right for Your Construction Company

For construction companies structured as S corporations, partnerships or limited liability companies (LLCs), the decision to elect a Pass-Through Entity Tax (PTET) could offer significant tax savings. However, PTETs come with complexities. In this article, you will learn more about the pros and cons of PTET elections and whether this election could benefit your construction company.

Do You Have a False Sense of Cybersecurity?

Despite growing awareness of cyber threats, many construction companies still fall short in protecting themselves from cyberattacks. This article explores why construction companies are at risk and offers actionable steps for mitigating that risk, including conducting a cybersecurity assessment and implementing key protective strategies. Click through to learn how to strengthen your cybersecurity strategy.

Going Green With Construction

Construction companies looking for eco-friendly construction might want to consider Leadership in Energy and Environmental Design (LEED). This article explores the growing trend of eco-friendly construction and the role of LEED certification in promoting sustainable building practices.

Register for Our Annual Nonprofit Conference on January 9, 2025!

Don't miss our Annual Nonprofit Conference. This virtual conference will deliver valuable insights into the financial and operational challenges facing the nonprofit industry today, equipping you with the tools to manage your organization or serve on a board more effectively. Attendees will also have the opportunity to earn CPE credits.

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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. We are highly respected among construction leaders and maintain active involvement with our construction clients and the many organizations affecting their businesses. We stand out from our competition by conducting one-on-one, year-end planning meetings to review your operations and plan for income taxes, banking and bonding concerns. Our comprehensive familiarity with all aspects of construction allows us to help you in business planning and long-term goals, while also resolving your daily operational needs to maximize cash flow.

OFFICE LOCATIONS:

DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202

213 North Street, Suite 101, Auburn, NY 13021

200 Harborside Drive, Suite 201, Schenectady, NY 12305

220 Stage Road, Vestal, NY 13850

3001 N. Rocky Point Drive, Suite 214, Tampa, FL 33607

To learn more about Dannible & McKee, visit us at www.dmcpas.com.