Section 179D lets architects, engineers, and contractors claim up to $5.94 per square foot in federal tax deductions on energy-efficient projects for tax-exempt building owners — but new claims sunset for projects starting construction after June 30, 2026 under the OBBBA.
A side-by-side comparison of the Percentage of Completion (PCM) and Completed Contract (CCM) methods for construction revenue recognition, with worked examples, ASC 606 over-time criteria, the IRC Section 460 small contractor exception (~$31M for 2026), WIP schedule mechanics, and the overbilling/underbilling traps that wreck contractor cash flow.
A change order is a written, signed amendment to a contract documenting changes in scope, price, or timeline. This guide covers what every template should contain, when to issue one, and the four habits that turn paperwork into enforceable agreements for service businesses.
Learn the essentials of construction accounting including job costing, revenue recognition methods, WIP schedules, retainage tracking, and change order management. A practical guide for contractors and small builders.
Take control of your finances with our open-source double-entry accounting system. Start your ledger today.
© 2019 - 2026 Beancount.io
