Posted on August 28, 2025
by
Art Lieberman
Among the various provisions of the new tax and spending bill is a significant change to the tax accounting method condo developers must use to recognize income, removing a significant irritant to developers’ cash flow and tax efficiency. Background Developers of single-family homes and townhouses historically had the option to use the complete contract method […]
Posted on August 25, 2025
by
Maxwell Jewell
Taxpayers in high-income-tax states breathed a collective sigh of relief with the July 2025 passage of the One Big Beautiful Bill (OBBB), which provides a temporary increase to the cap on the state and local tax (SALT) deduction from $10,000 to $40,000 in 2025 through 2029, subject to income limitations. While the new law preserves […]
Posted on August 21, 2025
by
Art Lieberman
In this episode Real Estate Tax Director Art Lieberman explains the percentage of completion method of accounting, why it’s going away and why this is so valuable for condo developers.
Posted on August 19, 2025
by
Pedro Porras
The One Big Beautiful Bill Act (OBBBA) modifies several international tax laws introduced in 2017 by the Tax Cuts and Jobs Act (TCJA), including a decrease in deductions and changes to the names of the Global Intangible Low-Taxed Income (GILTI) and Foreign-Derived Intangible Income (FDII) regimes. The following provisions are scheduled to take effect for […]
Posted on August 14, 2025
by
Adam Fisher
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, makes dramatic changes to prior tax laws that encouraged individual and business taxpayers to invest in clean energy solutions that reduce carbon emissions. In many cases, taxpayers have a very narrow window of opportunity to claim these credits that are expiring at a much […]
Posted on August 13, 2025
by
Alex Keneiby
The enactment of the One Big Beautiful Bill (OBBB) redefines and makes permanent the Qualified Opportunity Zone (QOZ) program introduced in 2017, ushering in new tax benefits for a broader range of qualifying investors. Background The Tax Cuts and Jobs Act (TCJA) introduced the concept of Qualified Opportunity Zones (QOZs) to help incentivize private investment […]
In this episode, Senior Manager of Tax Services Alik MacLauchlan shares financial and tax surprises that may arise when an individual changes jobs.
Posted on August 05, 2025
by
Luke Lucas
The Florida legislature has designated the entire month of August a sales-tax holiday on back-to-school supplies, while also extending this tax relief to residents on an annual basis. From August 1 through August 31, families can purchase the following school supplies in Florida without incurring state and local sales tax: Personal computers, laptops, tablets, e-readers […]
