2024 Construction Industry Tax Prep
Tax season will be upon us sooner than you think, which means it’s time to schedule a call with your CPA to work through tax planning opportunities. The CICPAC has compiled a comprehensive resource tailored to those operating within the construction industry. You’ll want to view this PDF in its entirety for information on:
- Expiring tax provisions, extensions, and changes associated with the Tax Cuts and Jobs Act (TCJA).
- Changes to construction accounting methods for large and small contractors.
- An overview of Section 199A and how to apply it.
- A breakdown of Qualified Business Income (QBI) and how much you may be able to claim.
- Preparations to take when the estate and gift tax lifetime exclusion goes back to pre-TCJA levels.
- Tips for managing net operating losses, bonus depreciation, and Section 179.
- Investment Tax Credit, mobile workforce, and opportunity zone considerations.
- Much more …
This PDF is free to download and is being offered by the CICPAC and GBQ Partners. Click here to read the entire document.
Contact Us
If you are interested in learning more or would like to discuss planning and opportunities for your construction business, contact a Construction Professional at GBQ Partners.
The CICPAC Quarterly Economic Report is published quarterly for the Construction Industry CPAs and Consultants. Its contents are solely for informational purposes and any use thereof or reliance thereon is at the sole and independent discretion and responsibility of the reader. While the information contained in this report is believed to be accurate as of the date of publication, CICPAC and the author disclaim all warranties, express or implied, as to its accuracy and completeness.
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