Booming Business Outgrows New Building in Less Than a Year HVAC contractors add space for classes, warehouse Ted Craig February 7, 2022 No Comments Many office buildings have been fairly empty since the pandemic started two years ago. That’s not the case for the headquarters for Peterman Brothers.Read More
Contractors: Plan for State and Local Taxes or Your Bottom Line Will Take the Hit Matthew T. Dodge January 3, 2022 No Comments Every state has its own sales tax rules for contractors, and it is imperative your business is familiar with the rules and regulations prior to preparing a bid.Read More
Build Back Better: So Far, Pretty Good for HVAC Projects Efficiency upgrades, heat pumps, and weatherization would receive hefty grant and rebate support in the House version Robert Beverly November 26, 2021 No Comments The Build Back Better Act inspired significant haggling in Washington before finally receiving passage in the House of Representatives.Read More
Speakers Explain How HVAC Contractors Must Structure Assets to Protect Them Avoiding lawsuits, reducing taxes direct ways to set up ownership Ted Craig October 28, 2021 No Comments There are many legal challenges to making and keeping money. One is taxes and the other is lawsuits.Read More
State’s Tax Treatment of Forgiven PPP Loans Vary Not all states line up with federal government’s policy Ted Craig June 9, 2021 No Comments Business owners received very favorable tax treatment from the federal government for their PPP loans. How are states handling it?Read More
Uncertainty Surrounds Tax Code as New Administration Takes Control HVAC contractors should prepare for the possibility of an audit Ted Craig January 30, 2021 No Comments Most political observers agree the new administration will bring changes to the tax code.Read More
Contractors Sue Small Business Administration Over PPP Post-Loan Inquiry The questionnaire that launched a lawsuit: Is SBA Form 3509 due diligence or too intrusive? Robert Beverly December 12, 2020 No Comments AGC claims that the questionnaire, SBA Form 3509 for for-profit PPP recipients, includes and invites multiple problems.Read More
IRS Holds Firm on PPP-Related Tax Deductions Eyes turn to Congress as Treasury declines to offer long-anticipated ‘double dip’ exception Robert Beverly December 3, 2020 No Comments The IRS dismayed business owners by reaffirming its position on tax deductions for expenses that are paid with PPP funds.Read More
An HVAC Contractors’ Guide to Hiring Skilled Accountants A specialist in bookkeeping will help with tracking cash flow Gordon White July 19, 2020 No Comments Since contractors’ skills are typically in HVAC maintenance and business management, accounting may be a skill better left to someone else.Read More
Taxes, Tariffs, and Refrigerants Lead the 2020 Legislative Agenda Issues include cybersecurity, electrification, and installation requirements for renewed tax credits Robert Beverly March 30, 2020 No Comments Washam and counterparts at AHRI identified legislative items that might make a difference for the better for contractors and manufacturers this year.Read More