Friday, September 28, 2018 from 11:00 AM to 1:00 PM CDT
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UCA Conference Room 
500 Park Blvd.
Suite 154C
Itasca, IL 60143

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UCA Staff 
UCA of IL 

Lunch & Learn: Tax Reform- What Contractors Need to Know! 

This tax reform will have a significant impact on those in the construction industry and can affect how contractors do business. Therefore, it is necessary for you to be proactive when it comes to understanding and planning for these changes. 

Here are some of the areas in which tax reform could have the greatest impact in your construction company:

  • Accounting methods
  • Business taxes 
  • Capital expenditures and accelerated depreciation 
  • Domestic production activities deduction 
  • First-year bonus depreciation 
  • Increased limits for method of accounting 
  • Individual income tax changes 
  • Interest expense 
  • Like-kind exchanges 
  • Meals, entertainment and travel deductions 
  • Net operating loss limitations 
  • Pass through entities 
  • Section 179

Attend this seminar to gain a better understanding of the steps you can take to operate tax efficiently, continue to grow your business and manage your personal tax liability, including managing itemized deductions.


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