Reading Time: 2 minutes Construction projects by their very nature are done on-site. Tax deductions related to mobility can be unique and overly complicated from a tax perspective. The treatment of these mobility costs can have major impacts to the business’s taxable...
Reading Time: 7 minutes Section 199A provides a 20% deduction on the amount of Qualified Business Income (referred to as QBI and defined later) from a domestic business operated as a partnership, S-Corporation, sole proprietorship, trust or estate. This deduction is...
Reading Time: 4 minutes One of the most comprehensive changes included in the TCJA is the changes in tax accounting methods available for contractors. Methods previously only available to smaller contractors are now available for contractors with average annual gross...
Reading Time: 3 minutes The Tax Cuts and Jobs Act (TCJA) increased the number of taxpayers eligible to use the cash method of accounting. The TCJA also expanded the threshold for small businesses to use the cash method of accounting, which now includes those with...
