How The New Tax Law May “Drive” Your Decision Making

The Tax Cuts and Jobs Act revamped tax depreciation in several ways, one in particular being the way vehicle depreciation limits are calculated. Below is a summary of the vehicle depreciation limits prior to the new tax law vs. the vehicle depreciation limits under the new tax law. Pl

GAAP, Federal Tax Changes and How It Will Affect the Construction Industry

For many construction contractors, there are impending changes in laws governing both income taxes and financial reporting that come into affect during the current fiscal year or the upcoming one. These are changes that owners and key accounting personnel of construction contractors s