2022 proposed changes to the Davis-Bacon Act could have complex implications for federal construction contractors, who are already dealing with prevailing wage requirements from recent legislation.
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.
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.
The U.S. faces an affordable housing crisis in both residential and multi-family real estate. What led to this point and how are different solutions tackling the issue?
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.
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.
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.
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.
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.
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.