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: