January 6, 2023 By: Michael Gentry The CICPAC Tax Thought Leadership Committee has compiled an updated summary of recent law changes that potentially impact the construction industry. This document overviews considerations for planning in 2022 and beyond, and covers changes from the following: The Tax Cut and Jobs Act (TCJA) signed into law in late 2017 The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) passed in March 2020 The Inflation Reduction Act of 2022 (IRA) that was passed in August 2022 You can view the document at the link below 2022 Tax Planning Opportunities – KatzAbosch Author: Michael Gentry, CPA, CCIFP, CCA Michael Gentry is a Shareholder, Director, leader within the Firm’s tax practice, and serves on the Board of Directors. With more than 25 years of experience at KatzAbosch, he has built trusted relationships with closely held businesses, business owners, and individuals, helping them navigate the tax, accounting, and financial decisions that come with growth, change, and long-term planning. Mike also holds the Certified Construction Industry Financial Professional (CCIFP) designation—a distinction earned by fewer than 1,500 professionals nationwide. Mike works closely with business owners and closely held companies to develop tax-efficient strategies that support long-term financial stability. Clients value Mike for his approachable style and ability to translate complex tax issues into clear, actionable advice. Get in Touch: Related KatzAbosch Articles Construction Community 2022 Outlook Report
