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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!


     

New Name, Same People and Service You’ve Known for Years.

Berntson Porter is excited to announce that we are now part of CBIZ & MHM (Mayer Hoffman McCann P.C.). Together, CBIZ & MHM are one of the nation’s Top Ten accounting providers, and Berntson Porter is honored to be joining them. We are pleased to be able to offer the same people and the same service you’ve known for years under a new name: CBIZ Berntson Porter. Please click here for more information.