Category: Construction
Inflation Reduction Act Expands Deductions for Energy-Efficient Construction
October 24, 2022
Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act (IRA). To that end, the legislation is packed with tax … Continued
Businesses: Act now to make the most out of bonus depreciation
July 25, 2022
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available … Continued
New Tax Reporting Requirements for Payment Apps
February 15, 2022
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect … Continued
State and Local Tax Planning Consideration for Year End – 12.31.2021
December 17, 2021
The House version of the Build Back Better Act, residing in the Senate for consideration, contains a variety of provisions that we discussed in a previous blog, U.S. House Passed … Continued