The end of the year brought about a flurry of legal decisions related to the Corporate Transparency Act – a law passed in 2020 that generally requires legal entities with fewer than 20 employees and $5 million to submit "beneficial ownership information" with an agency called the Financial Crimes Enforcement Network. 

Recent legal and political developments may impact December filing deadline.

Fourth in a Series of In-Depth Discussions About AGC’s Tax Priorities for 2025

A deep dive into construction tax accounting methods and the "small contractor exemption" from percentage of completion method of accounting.

Ensuring Full Expensing for Stronger Cash Flow, Safer Equipment, and a Thriving Construction Industry.

Tax-writing committee members hear about the impact of the Tax Cuts and Jobs Act on construction.

The first in a series of in-depth discussions about AGC’s tax priorities for 2025.

Comments Highlight Tax Priorities For Construction Going Into 2025

On Monday, the Chairman of the House Ways and Means Committee, Jason Smith (R-Mo.) hosted a roundtable in Kansas City, Missouri, along with Reps. Ron Estes (R-Kan.), and Rep. Mark Alford (R-Mo.).

AGC of Illinois participated in a roundtable with members of Congress focused on various workforce issues, including apprenticeships and career and technical education, the impact of the 2017 Tax Cuts and Jobs Act on companies’ abilities to invest in their workforce, and more.