Tax year 2018 has wrapped up, and tax return filing season has begun. This is the first year the new tax laws put into place in December 2017 took effect. There are several items that could affect construction contractors, the following is just a few:
Other changes to note includes updates to:
- Deductibility of meals & entertainment
- Limitations on interest expense
- New partnership representative responsibilities
The recently passed tax act is the most significant tax reform since 1986! For all reasons above, speak with your UHY tax advisor to be sure you are in accordance with the new law and taking full advantage of tax savings available to you.
Wednesday, April 24, 2019 | 7:30 AM – 9:30 AM EDT | The Hartford Club