Tax services

Tax law is constantly moving and becoming more complex despite political pressures to simplify existing rulings. Keeping up with these changes is essential to reducing your tax burden and maximizing profits. It can be time-consuming and burdensome to review the ever-changing laws. Which is why it’s critical to have a business partner that’s always informed of what changes are on the horizon.

At Watkins Meegan, our knowledge of federal, state, local and international tax laws helps contractors take advantage of tax-saving opportunities and avoid unwanted surprises, such as Alternative Minimum Tax (AMT) penalties. We help clients achieve their business goals through the following tax-related services:

• Business succession planning
• Cash-basis income management
• Construction accounting methods, such completed contract and percentage-of-completion
• IRS and state tax controversies
• Entity type structuring and reorganizing
• Individual and corporate tax planning
• State corporate income tax nexus

Green Building Incentives 
Promotion of green buildings is growing among federal and local governments, as well as private sector investors. Going green is not without its risks, but the rewards can be substantial. For example, qualified contractors may be eligible for deductions for meeting green requirements.