Real Estate and Construction Newsletter January 2018

Real Estate and Construction Newsletter
January 2018

Director’s Message
Robert Berger

Robert Berger,
Partner

Qualified Business Income Deduction: What it Means for Flow-Through Entities

There is certainly a lot of hype surrounding the new C Corp 21% flat tax. It’s powerful, easy to understand, and will no doubt promote growth in C Corps of all sizes. What’s also getting a lot of attention, but is much more difficult to understand, is the new qualified business income deduction available to those with income from flow-through entities.

Eligible Entities

Under the new law, effective January 1, 2018, owners of certain entities are entitled to take a deduction equal to 20% of the “qualified business income” earned from the business. Eligible entities include:

Sole proprietorships reported directly on Schedule C
Rental activity reported directly on Schedule E
S Corporations
Partnerships

Read more about the deduction limits and C Corp considerations.

Better Construction Job Costing Leads to Better Financial Results

Better Construction Job Costing Leads to Better Financial Results

Job costing is the method of tracking and allocating all direct and indirect costs to individual construction projects. When applied

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By: Natalie A. Schmidt, CPA
Senior + Audit and Advisory Services

Accounting 101 for Startups: Chart of Accounts

Accounting 101 for Startups: Chart of Accounts

Accurate financial statements are vital to the health of a successful startup company. While accounting may not be the most

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By: Pam E. Ditch, CPA
Supervisor + Tax Services

Meet Our 2018 Charity of Choice, Angels' Arms

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