Posted on Thursday, January 17, 2019 by Eric McManus
With excitement growing among investors, we’ve highlighted 4 key considerations that you should know prior to investing in qualified opportunity zones.
Posted on Wednesday, January 9, 2019 by Jaime Noland, CPA
With estimated revenues of $26 billion related to sales and use tax in 2018, the Florida Department of Revenue is aggressive with ensuring that businesses are properly collecting and remitting these taxes. Businesses operating in this industry are automatically considered “high risk” because of the confusing nature of sales and use tax rules for building contractors.
Posted on Wednesday, December 19, 2018 by Roger Gingerich, CPA/ABV, CVA, CCA
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.
Posted on Wednesday, December 12, 2018 by David J. Silverman, CPA, JD
With qualified opportunity funds, which are corporations and partnerships that invest in opportunity zones, developers can take advantage of the new qualified opportunity zones and help distressed communities at the same time.
Posted on Monday, November 26, 2018 by Michael McKeown, CFA, CPA
Looking for tax savings? With support from communities, developers, investors, and somehow… both political parties? Meet the qualified opportunity zone. The benefit passed in December 2017 with the Tax Cuts and Jobs Act. Due to the tax overhaul including lower income tax rates, this part of the bill largely flew under the radar.
Posted on Monday, November 26, 2018 by Chris Sivak, CPA
The newly created qualified opportunity zone development program has created a lot of buzz – and many questions – among investors, real estate developers and business owners. Investors, who benefit the most by making investments before the end of 2019, have been waiting for clarifications before they could proceed.
Posted on Wednesday, October 10, 2018 by Roger Gingerich, CPA/ABV, CVA, CCA
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.
Posted on Wednesday, August 29, 2018 by Denny Murphy, CPA, CCA
Ohio has opened the door to blockchain-based business transactions. By legally recognizing blockchain data in approving the measure, the Ohio Legislature gives the green light for recognizing blockchain along with other electronic transactions.
Posted on Wednesday, August 15, 2018 by Mike Luker, CPA
The new revenue recognition standard includes a comprehensive “five-step” process that an entity should consider when assessing revenue recognition on its contracts.
Posted on Monday, July 30, 2018 by Kyle M. Rohrig, CPA
It’s often assumed that interest rate hikes would significantly impact the real estate and construction industry. But that may not be the case in the immediate future. In fact, recently proposed tariffs may end up playing a larger role in real estate and construction market performance over the next several quarters.