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Entries by Ron Lenz

Indiana Implements Heavy Equipment Excise Tax

Posted 8:00 PM by
Effective Jan. 1, 2019, Indiana implemented a new excise tax on the rental of heavy equipment from a location in Indiana. The rental excise tax is 2.25 percent of the gross retail rental income. The renter is liable for the tax, and it will be collected by the retail merchant and sourced to the location from which the equipment is rented. The tax may be reported in the same manner used to report the retail merchant’s Indiana sales and use tax (INTax).
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How Contractors Use Joint Ventures to Land the Big Projects

Posted 12:22 PM by
The continued growth or success of a construction company may hinge on obtaining a large contract. In some cases, a company may not procure that contract itself due to bonding constraints, a lack of skilled labor, or simply some other resource or perceived specialty is nonexistent. 
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Proposed Indiana Bill Could Impact Real Property Contractors

Posted 5:00 AM by
The 2016 Indiana legislative session is well underway. It is a short session and not a budget year, so we do not expect many significant tax changes as a result of the session. Currently, however, there is proposed sales tax legislation that would impact real property construction contractors.
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What the PATH Act Means for the Construction Industry

Posted 5:00 AM by
While the holiday season is still fresh, now is a good time to reflect on the recent flurry of passed and proposed legislative activity impacting the construction industry. 
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Arizona Modifies Transaction Privilege Tax Landscape for Contractors

Posted 12:00 PM by
Effective Jan. 1, 2015, Arizona has made drastic changes to the application of the transaction privilege tax (TPT) for contractors. As a result of these changes, contractors will have to make a determination of how they are classified for TPT purposes and apply the corresponding tax treatment. 
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Why Construction Companies Should Use Benchmarking to Assess Performance

Posted 12:00 PM by
With another year-end in the books, construction owners and top-level management share similar concern: How do our company’s financial results compare to our competitors and peers? It is a common question that likely will not be answered on a specific basis, but it can be evaluated based on a broad population of results.
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