Planning throughout the year is essential to reduce the tax owed on your construction company’s 2020 return. In light of the ongoing impact from COVID-19 and recent legislation, taking a step back to plan is more important than ever since you could potentially identify new strategies that will save you money.
Inflation has been on the rise since the pandemic began. With varying opinions on the potential duration of the current inflation surge, it is crucial to understand the causes and prepare. Inflation can dramatically reduce profits and harm companies.
In recent years, governments have used tariffs as a form of protectionism. In 2018, the United States government began imposing tariffs on steel, aluminum and lumber from a number of countries.