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.
Many of our clients have been impacted by Minnesota’s law which defers immediate write-off of federal Section 179 business assets. Now is the time to learn more about how upcoming state legislation may impact your business and groups that are advocating for reform.
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less than three months.
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect a couple years ago and the many rules that apply to charitable deductions, you may no longer get a tax break for your generosity.
If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the Wednesday, April 15, 2020, filing date and benefit from the resulting tax savings on your 2019 return.
The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when attempting to resolve the many challenges facing them. But the word has an alternate meaning in a business context as well — and a distinctly negative one at that.
The end of one year and the beginning of the next is a great opportunity for reflection and planning. You have 12 months to look back on and another 12 ahead to look forward to. Here are five ways to strengthen your business for the new year by doing a little of both:
