RetirePath for Virginia Construction Contractors: Benefits and Considerations

Whether through RetirePath, a new state-sponsored and mandated retirement plan, or offering another employer-sponsored plan, the question now for Virginia contractors isn’t whether to offer a retirement plan, but which one.

2023-09-25T08:57:57-04:00August 25, 2023|Categories: Construction and Real Estate, Retirement, Tax: Business|Tags: |

Construction project demand heightens need for “contech” adoption strategies

For the construction industry, the need for contech adoption will continue to increase amid an influx of projects and skilled labor shortage.

2025-01-31T09:42:09-05:00August 15, 2023|Categories: Construction and Real Estate|Tags: |

Carbon-Reduction in Commercial Real Estate

Decarbonizing commercial real estate is becoming an industry-wide imperative. Tax incentives in the Inflation Reduction Act give taxpayers several options to offset the cost of energy-efficient upgrades.

2024-12-09T09:27:25-05:00August 1, 2023|Categories: Construction and Real Estate, Tax: Business|Tags: , |

Overview of the New Renewable Energy Tax Credit under Section 48

The Inflation Reduction Act modified or introduced several energy efficient tax incentives, like the newly created Section 48(e) renewable energy investment tax credit. The base amount can be increased by several optional bonus credits.

GILTI: An Overview

US citizens and tax residents who have formed — or are considering forming — a corporation in a foreign country may be impacted by global intangible low-taxed income (GILTI). The tax implications and considerations are complex. Understanding GILTI is important for making informed decisions for yourself and your business structure.

Top Issues for Construction Contractors in 2023

Some of the top issues facing construction contractors in 2023 are the economy, supply chain, higher costs, and labor. Opportunities include hiring women and minorities, sustainable building, construction technology, and more.

2023-08-07T11:32:55-04:00June 12, 2023|Categories: Construction and Real Estate|Tags: |

Alternative Cost Method Updates for Real Estate Developers

Real estate developers can now use a more streamlined approach to capture estimated common improvement costs using the alternative cost accounting method as outlined in new IRS guidance released in January 2023.

2023-06-05T14:29:40-04:00June 6, 2023|Categories: Construction and Real Estate|Tags: |
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