Update on 100 Percent Meals Deduction for Contractors

Construction contractors and other taxpayers can maximize year-end tax planning with the 100% meals deduction, which will be reduced to 50% on January 1, 2023.

2022-12-12T14:25:08-05:00December 12, 2022|Categories: Construction and Real Estate|Tags: , |

What Is the Interest Rate’s Impact on Residential Real Estate?

Rising interest rates and inflation are impacting the residential housing market, but to what degree? The market is volatile and uncertain in every sector from existing and new homes and home improvement to multi-family construction.

2022-12-07T16:26:29-05:00December 6, 2022|Categories: Construction and Real Estate|Tags: |

New Life for Opportunity Zones?

Opportunity Zones could be getting an extension with several additional changes. Real estate investors, even those who perhaps didn’t qualify before, will want to take a second look at the second Act for Opportunity Zones.

2022-10-04T13:19:51-04:00October 4, 2022|Categories: Construction and Real Estate, Tax: Business, Tax: Credits & Incentives|Tags: , |

Amid Rising Interest Rates, the Ability to Deduct Interest Expenses Is Lower In 2022

Amid rising interest rates, the Section 163(j) business interest expense deduction has a more limited impact for real estate companies and other capital-intensive businesses starting in 2022. There are other financing strategies to mitigate the impact of the lower deduction.

2022-09-22T14:33:52-04:00September 22, 2022|Categories: Construction and Real Estate, Tax: Business, Tax: Individual|Tags: , , , |

How Real Estate Partnerships Can Defer the Tax Impact of Canceled Debt

Real estate partnerships looking for a way to minimize the tax impact of canceled debt may be able to use qualified real property business indebtedness (QRPBI) to exclude forgiven debt from taxable income.

2022-09-08T16:36:50-04:00September 6, 2022|Categories: Construction and Real Estate|Tags: |

The CHIPS Act and Its Impact on the Construction Industry

The CHIPS Act was signed into law on August 9, marking a multi-year, $280 billion investment in advanced manufacturing and technology. The construction industry – and Virginia – stand to benefit in more ways than one.

2022-08-09T12:08:26-04:00August 9, 2022|Categories: Construction and Real Estate|Tags: |

Work Opportunity Tax Credit Can Help Construction Contractors in the War for Talent

Amid the labor shortage, construction contractors can recruit from certain targeted groups that traditionally face barriers to employment. In return, they can claim the Work Opportunity Tax Credit.

2022-08-02T08:35:50-04:00August 2, 2022|Categories: Construction and Real Estate|Tags: , |

Businesses Already Strained by COVID-19 Should Prepare for Hurricane Season

Coming off the heels of the pandemic, sectors such as insurance, real estate, hospitality and healthcare are particularly vulnerable this hurricane season. To help understand the risks, we take a look at how different industries can prepare for such a catastrophe – before it hits.

2022-09-29T13:15:28-04:00July 22, 2022|Categories: Construction and Real Estate, Healthcare, Hospitality|Tags: , |
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