As we approach year end, now is the time for individuals, business owners, and family offices to review their 2021 and 2022 tax situations and identify opportunities for reducing, deferring, or accelerating tax obligations. Areas potentially impacted by proposed tax legislation still in play should be reviewed, as well as applicable opportunities and relief granted under legislation enacted during the past year.
The Tax Cuts and Jobs Act has made sweeping changes to the Tax Code with most of its provisions being effective for the 2018 tax year. By now, most of the major changes have been gone over in excruciating detail, however there seems to be one thing that hasn’t been talked about much: Opportunity Zone Funds. What Are They? Opportunity …
In the wake of Tax Cuts and Jobs Act effective on January 1st, 2018, crucial changes to the tax laws has already affected individual and business taxpayers based on income levels. The IRS has published a new guidance on the deduction of business meals and entertainment expenses on October 3rd. History of Business Meals and Entertainment Expenses Deductibility Prior to …
We’re just 1 week away, don’t forget to register for this annual event! This year, we’ve got an excellent lineup that will provide a comprehensive update on: Revenue Recognition; What Contractors Need to Know Construction Recruiting & Compensation Update Impact of Tax Reform on Contractors Evaluating Contractors’ Financial Statements If you have had some exposure to the changes in revenue …
What is it: The Work Opportunity Tax Credit is a Federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. The target groups includes veterans, temporary assistance for needy family (TANF) recipients, supplemental nutrition assistance program (SNAP) recipients, designated community residents, vocational rehabilitation referrals, ex-felons, supplemental security income (SSI) …
Recent economy and governmental policies show strong ties between the demand for construction and the rise of input costs due to trade tariffs. Material prices and skilled labor shortages lower production efficiency and affect multiple industries in the construction chain. Its important for our clients to know that investing in new technologies and workforce improvement will help transform sustainability and …
With the new tax law, there are many questions about how the new tax bill will impact the construction industry. The Tax Cuts and Jobs Act provided several provisions that will apply to Construction and Engineering Companies and their owners. The impact of the bill will depend on the structure of your entity and your activity within the business. — …
