Tax Bill Benefits Favors Real Estate Industry
The 2017 tax legislation changes benefits some industries more than others. Bigger tax cuts will flow to financial firms and the real estate industry. By now, this should not be a surprise if you look at the current administration.
According to a Penn Wharton Budget Model (PWBM) which analyzed 19 different industries, the biggest short-term winners are utilities, real estate and transportation due to the short term expensing of capital equipment.
To gain additional insight, several CPA Firms have seen a surge in demand as well. That’s right, Real Estate Accounting and Transportation Accounting firms have been deluged with inquiries. Below are several worth considering: