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#118 Tax Cuts and Jobs Act: Sunset in 2025 and Its Impact on Construction Services

Let's Get Surety

CHAPTER

Navigating Construction Accounting and Tax Changes

This chapter explores the journeys of two professionals in construction accounting and tax specializations, detailing their experiences and insights into the industry's financial landscape. It emphasizes the significant implications of the Tax Cuts and Jobs Act, particularly the upcoming expiration of key tax provisions in 2025, and highlights the necessity for proactive tax planning among CPA firms and their clients. The discussion also covers succession planning, ownership transitions, and the effectiveness of Employee Stock Ownership Plans in the construction sector as they navigate these financial changes.

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