Year end tax planning – Key points for managing your liability

Description

Abstract: Now is a good time for contractors to consider their year end tax liabilities and take any steps possible to minimize them. As usual, 2015 has brought some changes to the tax laws and, as of this writing, there’s been no congressional action on various tax-law “extenders” that may affect businesses. Nonetheless, this article offers several key points for construction company owners to keep in mind. A sidebar discusses provisions of the Affordable Care Act that are taking effect in 2015.