Section 179 of the Internal Revenue Code permits businesses, including construction contractors, to deduct the cost of qualified equipment and software from their taxable income in the year it was purchased. The amount that can be deducted under Section 179 is limited; however, sums beyond that limit may be eligible for a "bonus depreciation deduction."
Intuit Connect 2025 unveiled game-changing innovations for mid-market accounting: Intuit Enterprise Suite with construction-specific features, Intuit Accountant Suite, and Intuit Intelligence. IES finally bridges the gap between QuickBooks usability and ERP power.
Read MoreThe definitive 2025 guide to Intuit Enterprise Suite (IES) for construction companies. Learn multi-entity management, AI automation, job costing, and whether IES is right for your growing construction business. Are you ready to migrate from QuickBooks Online or Desktop.
Read MoreConstruction finance departments face inefficiencies from manual processes. RedHammer offers automation tools that streamline accounts payable, billing, payroll, and job cost reporting, improving efficiency and reducing errors and enhancing cash flow visibility.
Read MoreIntuit Enterprise Suite's Summer 2025 update brings AI agents that automate construction accounting, enhanced multi-entity management with intercompany sales, advanced business intelligence with KPI tracking, and project tools including deposits on estimates.
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