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Year-End Planning for Contractors

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It’s the holidays which means it is again time for year-end tax and financial statement planning. If your construction business is looking to minimize taxable income and present strong financial statements, be preemptive and deliberate in the company’s actions near year-end. 2018 presents additional opportunities and challenges in effective planning because of the tax reform brought by the Tax Cuts and Jobs Act. Don’t overlook additional planning considerations to prepare for the new revenue recognition and lease standard updates on the horizon.

If you’re interested in learning more about year-end planning, please refer to our fall newsletter, contact Jake Berg of Berntson Porter or your Berntson Porter professional at 425.454.7990. We’re here to help!