Real Estate Industry Outlook
In our 2023 real estate industry outlook, we explore what's ahead for middle market business leaders.
Bankruptcy Challenges for Construction Contractors Post-COVID
Construction bankruptcy filings are trending up due to volatility in the supply chain, labor market, and economy. Guaranteed payment, one of the factors affecting contractor cash flow, is now protected in Virginia as it is in North Carolina.
Changes to 179D in the Inflation Reduction Act
179D, a popular energy efficiency tax incentive, has been expanded and upgraded in 2022’s Inflation Reduction Act. From new deduction amounts to prevailing wage requirements, learn about changes to 179D.
Don’t Take the Cash (or any Relief of Liabilities): 1031 Exchange Rules
1031 exchanges are a popular tax deferment strategy for real estate investors. Certain scenarios can trigger capital gains tax. Learn what they are and how to avoid these common pitfalls.
Two-for-One Rate Buydown for Real Estate Developers
Mortgage rates may be trending downward, but they’re still about double what they were a year ago. As potential home buyers are looking for ways to better manage the higher costs of purchasing a home, one option is the 2/1 rate buydown.
How Is Recent Legislation Impacting Construction and Real Estate? A 2023 Outlook
Three large pieces of legislation have been passed in the last 15 months with a collective goal of revitalizing and revamping domestic infrastructure, advanced manufacturing, and clean energy. There are many various impacts to the construction and real estate industry.
45L Residential Energy Efficiency Credit: Updates for 2023
The Inflation Reduction Act retroactively reinstated 45L for 2022 and extended the credit through 2032. For the 2022 tax year, projects follow the same eligibility rules. Beginning in January 2023, more stringent energy efficiency requirements will be in place.
Proactive Accounting and Technology Mean Better Outcomes for Construction Companies
Construction firm owners and project managers need better solutions to keep pace with a shifting, uncertain market. Automated, AI-powered software tools are powering future-forward construction accounting practices.
The Davis-Bacon Act and the Construction Industry
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.
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.