Topic: The new “Revenue Recognition” regime that will change how contractors’ financial statements are to be prepared; impacts all contractors who prepare GAAP basis financial statements for banking, bonding, and reporting to federal and state agencies.
Key Aspects of the New Tax Law: Click Here The link above summarizes the key aspects we see in the new tax law. While it may be similar to other summaries, we urge you to join us for a more in-depth discussion as we present ABC’s Tax Update for Contractors, where we will focus on issues impacting construction companies here in South Florida.