The Tax Cuts and Jobs Act of 2017 had great impact for those engaged in the real estate and construction industries at the business and individual levels. As we reflect on 2018, we review the most significant changes that will affect tax planning for 2018 and beyond.
What is the state of Northeast Ohio’s real estate and construction industries heading into 2019? As we’ve done for over one decade, Skoda Minotti’s Real Estate and Construction Group surveyed industry leaders in our region to learn about their challenges, threats and opportunities.
Another tax law was passed recently without all the fanfare of the Tax Cut and Jobs Act of 2017. The Bipartisan Budget Act of 2018 has several tax law changes that affect 2017 taxes. One of the most important changes, when combined with the aforementioned Act, is the extension of the Sec 45L credit.
Construction firms need financing and bonding to pursue projects, so banks and bonding companies are key constituents in a contractor’s sphere of operation. When the time comes to evaluate a contractor’s financing request, many factors – both quantitative and qualitative – come into play. Among them is overhead.
So, the time is finally at hand for construction firms big and small to embrace Flexible Overhead, right? Not so fast. Today’s employment landscape is vastly different which currently makes Flexible Overhead a risky proposition for any contractor.
Flexible Overhead is an intriguing concept with sizeable benefits—and some equally sizeable risks.
Like any solution or innovation, the concept of Flexible Overhead was born out of a problem.
Respondents from Skoda Minotti’s 2016 Northeast Ohio Construction Industry Survey have ranked healthcare reform as the second-most important political issue affecting the construction industry, right behind material price volatility.
Respondents from Skoda Minotti’s 2016 Northeast Ohio Real Estate Industry Survey continue to feel positive about their industry, though with some degree of reservation about challenges ahead.
Respondents from Skoda Minotti’s 2015 Northeast Ohio Construction Industry Survey were extremely positive about the future of their industry. How do respondents feel one year later about the current state and future state of their industry?