/PRNewswire/ Anchin, a premiere New-York based full-service accounting and advisory firm, is pleased to announce that four experienced professionals have.
It all comes down to Georgia.
With the outcome of yesterday s two runoff races in the Peach State determining the balance of power in the Senate, construction industry advocates say whatever the final count determines, it will have broad implications for contractors.
“Our livelihoods are riding on Georgia,” said Kristen Swearingen, vice president of legislative and political affairs at Associated Builders and Contractors. “No pressure down there, right?”
One of those races, between Republican Sen. Kelly Loeffler and Democrat Raphael Warnock, was called by several media outlets including AP early this morning for Warnock. The second race between Republican Sen. David Perdue and Democrat Jon Ossoff was too close to call early Wednesday, though Ossoff had a slim lead of just 0.4% as of publication time.
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As the end of 2020 approaches, even as many construction businesses are still struggling with the fallout from the COVID-19 pandemic, it’s time to close out the year financially. That means it s time for tax planning and the consideration of other financial issues, both of which will hopefully put contractors in the best position to take on 2021.
While the smart move is to consult tax and accounting experts in order to properly address the situations that are unique to every business, there are some basic talking points that can help business owners and managers kickstart that conversation. Here are some of the most pertinent: