Tax Reduction Planning

At James Castaldo CPA & Associates, our approach to tax planning for construction businesses is proactive rather than reactive. When tax time hits, it’s too late to implement a successful tax strategy. That’s why when you sign on as our client we’ll work year-round to minimize your tax obligations. We’re constantly watching for changes to state and federal tax regulations that impact the construction industry so we can make adjustments that will preserve your profits.

When faced with difficult business decisions that impact your finances, we encourage you to come to us for advice. We’ll help you consider any possible tax implications and how to manage them properly so your revenues are not compromised. We’ll position your business to take advantage of all possible tax deductions and, at year end, we’ll accurately prepare and file your taxes on time to avoid any penalties.

Reach out to us at 631-302-1945 to start planning your tax strategy today or request a free consultation online now and we’ll contact you shortly. We work with construction businesses and small contractors on Long Island.

Our tax strategies for the construction industry include:

• Industry-specific tax planning strategies
• Leveraging tax credits (Energy tax credit, Low Income Housing tax credit, Rehabilitation tax credit)
• Evaluating passive loss rules
• Tax preparation services for construction businesses
• Multi-state tax services
• Sales and use tax compliance