2021 Tax Planning Opportunities for the Construction Industry

2021 Tax Planning Opportunities for the Construction Industry

2021 Tax Planning. 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 construction clients. The CICPAC Tax Thought Leadership Committee has compiled an updated summary of those changes potentially impacting construction clients in this whitepaper.