Our firm specializes in serving the accounting, tax and financial management needs of construction and land development companies. We’ve worked with all types of development and construction professionals, including HVAC providers, masons, excavators, electricians and small general contractors, and we understand your industry challenges such as increasing costs and competition. We are also uniquely familiar with your day-to-day operations; the need for timely, accurate financial data; and billing routines and compliance issues. When you partner with a firm that truly understands your industry, you receive the financial guidance required for long-term success.
If you’re like many self-employed business owners, you may be tempted to stick to the tried-and-true tax deductions (your home office, if you have one, office supplies, mileage, meals, etc.) when doing your taxes. However, one important money-saving advantage of working with a tax professional is they can identify lesser known deductions that you may be entitled to, but are unaware of.
Now that President Trump has signed the new tax law, it’s time to look at how the new changes to the tax code, also known as the “Tax Cuts and Jobs Act,” may impact individuals and businesses. Below is a summary of the major changes that may impact you:
With the Tax Cuts and Jobs Act reportedly headed for the President's desk shortly, you may be asking what you can do before year-end to best position yourself for tax savings, and to avoid or soften the impact of disappearing deductions. The following offers year-end moves that can accomplish those goals.