The construction and real estate industries face distinct business and tax challenges due to potential complex operational structures, extended project timelines, compliance requirements and regulatory environments. If you are a general contractor, specialty subcontractor, developer, engineering firm or architectural firm, we have the experienced professionals that know the industry and have the expertise in financial operations, tax planning and reporting to meet your current needs and future goals.
Our nationwide client base includes:
How can we help?
We understand that the construction and real estate industry has unique challenges, such as fluctuating cash flow, contract complexities, compliance requirements, and tax regulations. Our construction, real estate and design team has the experience and determination to resolve these challenges by providing you with the guidance and expertise we have developed over thirty years in assisting our clients within the industry. Our goal is to assist your company in meeting your current needs and future goals.
We work with our clients to help them provide the reliable financial data that they need to satisfy stakeholders such as investors, lenders, sureties, and regulatory authorities. We offer tax planning strategies to minimize tax liabilities while also providing tax compliance services to assure that all reporting is done in compliance with existing tax laws and regulations.
Our services include:
What can you expect when working with LB Carlson?
Our professionals have the industry knowledge, experience, and dedication to resolve the challenges of financial and tax reporting you face during each stage of your business. By being proactive, we get to know the operational aspects of our clients allowing us to uncover planning opportunities that can contribute to cost saving and increased profitability. Our construction group has over 40 years of experience and we pride ourselves in maintaining continuous successful client relationships through the entirety of that time.
The IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This is later than in past years because of a new law that was enacted late in December.) Even if you typically don’t file until much closer to the April 15 deadline (or you file for an extension), consider filing earlier this year. Why? You can potentially protect yourself from tax identity theft — and there may be other benefits, too.
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or plans to attend) an institution of higher learning, you may be eligible for tax breaks to help foot the bill. The Consolidated Appropriations Act, which was enacted recently, made some changes to the tax breaks. Here’s a rundown of what has changed.
To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them.
Cost segregation is a tax savings strategy that allows owners of commercial real estate to achieve significant cash flow savings by accelerating depreciation deductions and deferring federal and state tax obligations. This tool is extremely useful for entities that purchased, expanded, or remodeled real estate that is used in a trade or business.
LB Carlson recently hosted a webinar that covered the most frequently asked questions and key considerations regarding the PPP loan forgiveness process. All PPP loan recipients will want to be aware of the general considerations regarding the forgiveness process and the recent changes to…
The Consolidated Appropriations Act (CAA) was signed by President Trump on December 27, 2020. The expansion of the Payroll Protection Program (PPP) loans and tax-deductibility of expenses paid with the first PPP loan received the most fanfare. Also included in the CAA was the expansion of the Employee Retention Tax Credit (ERTC). If the eligibility requirements are met, businesses could be entitled to significant credit amounts. There are separate eligibility requirements for 2020 and 2021.
