Tax Planning Opportunities for the Construction Industry + the CARES Act

Kathleen Baldwin, CPA, CCIFP
Executive Director

“Every year we experience new rules, regulations and standards in tax planning for the construction industry. Our tax committee has compiled two thorough resources for our members, their clients and friends.”

The Tax Cut and Jobs Act (TCJA) signed into law in late 2017 made some of the most significant tax regulation changes in decades and created many new planning opportunities for contractors. Changing entity types, accounting methods, new deductions for qualified businesses, new depreciation alternatives and new tax incentives for qualified investments are just some of the provisions in the TCJA that will require careful analysis and proactive planning for CPAs and their contractor clients.

On March 27, 2020 the President signed The Coronavirus, Aid, Relief and Economic Security Act (CARES Act). The CARES Act includes many tax provisions that are intended to put cash flow in the hands of individuals and businesses.

Our publications are edited by the best in the industry, it is offered as a “go to publication” for construction CPAs and their clients. Submit the form below to download the full PDF files and reach out to your local CICPAC member firm with any questions or for assistance.

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Download Tax Planning Opportunities + CARES ACT 2020

  • Download our Tax Planning Opportunities for the Construction Industry and our special publication dedicated to the CARES ACT to learn more about what may affect you / your company / your clients. As always, reach out to a CICPAC member near you for further guidance.