The construction industry is one of the most unique when it comes to being in compliance with the various accounting and auditing standards and taxation issues. Join Ed Zollars for a high-level overview of both of these areas.
Objectives: Understand the definition of "long-term contract" - Present a contractor's financial information in accordance with U.S GAAP - Calculate a contractor's bonding capacity - Calculate "look-back" adjustments to taxable income - Apply IRC Secs. 263A and 460 to cost accumulation - Efficiently audit a contractor - Plan financial and tax transactions to assure maximum bonding capacity - Advise contractors on how business decisions affect financial statements and tax returns - Comply with new tax & accounting rules
REGISTER HERE: Construction Contractors - Special Tax & Accounting Considerations
Dec 3, 2020, 9:00am - 12:30pm (MT)