Taxes - Articles - Page 3 | Roofing Contractor

A Boston-area contractor was found guilty of committing tax fraud against the U.S. Treasury and sentenced to 18 months in prison.

Crime Blotter

Contractor Receives 18-Month Prison Sentence for Tax Fraud

Following the death of an employee, a Boston contractor’s years-long tax evasion comes to light

January 3, 2025

A Boston contractor was sentenced to 18 months for evading $2.8M in taxes by misclassifying workers, orchestrating a payroll fraud scheme, and lying to investigators.

Nastar Roofing owner, bookkeeper, please guilty to fraud conspiracy charges.

Crime Blotter

Florida Roofing Contractor Pleads Guilty in $2.5M Tax Fraud

DOJ: "Nastar Roofing paid employees in cash to avoid paying taxes"

Bryan Gottlieb

November 8, 2024

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Nastar Roofing owner William Skaggs and payroll administrator Billie Adkison admitted to a $2.5 million employment tax fraud scheme, paying employees in cash but failing to withhold taxes or report that income to the IRS.

The Key Disciplines for a Successful Roofing Exit

Learn the various aspects that go into creating an exit strategy to make selling your business as seamless as possible

Kevin Kennedy

November 8, 2024

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Understanding the eight aspects of planning a successful exit can make any transitions smoother for roofing contractors.

Roofing Day 2024 had 250 participants attend the advocacy day in Washington, D.C.

Public Policy

Roofing Day 2024: “If Not Us, Then Who?”

The $50 billion American roofing industry descends on Washington, D.C. to advocate for policies that benefit contractors, manufacturers and distributors

Bryan Gottlieb

April 25, 2024

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Last week, the National Roofing Contractors Association convened its annual "Roofing Day" in Washington, D.C., uniting industry stakeholders for advocacy. With record-breaking attendance and meetings, the focus was on pressing policies impacting the $50.6 billion domestic roofing market.

Florida Contractor Takes Plea in $1M Tax Fraud Case

U.S. attorney says co-owner of roofing company failed to report $1M in income in 2017

Roofing Contractor Staff

April 9, 2024

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The co-owner is reported to have willfully made a false statement in her Individual Income Tax Return Form 1040 for tax year 2017.

The NRCA is preparing for its annual Roofing Day gathering on Capitol Hill (pictured).

Policy News

Roofing Industry Prepares for 'Roofing Day' with Lawmakers

Yearly advocacy and outreach program keeps the agenda concise

Bryan Gottlieb

April 4, 2024

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With the annual Capitol Hill visit approaching, the Nation Roofing Contractors Association readies agenda items on labor shortages, taxes, and industry sustainability for discussions with lawmakers.

Why a Roofing Company Becomes a ‘Target’ for Acquisitions

The presence of private equity rolling up roofing contractor firms means your company may be on somebody’s radar — without you knowing it.

Kevin Kennedy

February 16, 2024

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Do you want your roofing contractor firm to be considered attractive for an outside sale? Consider your personal and financial goals, and beware of one-off deals.

A man doing accounting work making a displeaased face

Exit Planning

Stop Overpaying ‘Exit’ Taxes

Most business owners unnecessarily pay ‘exit taxes’ exceeding 55%; here’s how to reduce that rate to 15%-35%, saving a bundle

Kevin Kennedy

December 29, 2023

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Kevin Kennedy of Beacon Exit Planning provides a birds-eye view of alternative legal strategies to consider in your business exit that can save you a bundle.

Sarasota retiree disputes a 12% home value increase after roof replacement.

Florida Dispatch

Homeowner Challenges Increase in Home’s Taxable Value Tied to New Roof

A Florida law passed in 1992 capping increases is at odds with jump in home valuation

Bryan Gottlieb

December 27, 2023

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Sarasota retiree disputes a 12% home value increase after roof replacement, citing Florida's 'Save Our Homes' law. The law limits annual property value hikes for homesteads to 3%, but discrepancies arise due to interpretation by the local appraiser.

Solar Special Section

Solar and Roofing: Current Trends and Looking Ahead

Solar Surges in Multiple Roofing Markets – are Roofers Ready?

Judd Haag

November 16, 2023

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The solar industry is rapidly growing, with global revenue projected to reach $241 billion by 2031. The U.S. market alone is estimated to reach $900 million by 2025, driven by improved technology, reduced costs, design and installation enhancements and government tax credits.