By Rob Trammell, Tax & Advisory Principal
ASL Construction Group
Labor Shortage
The construction industry, like almost all industries, is facing a shortage of available workers. Many companies could be doing more work if they were able to find the employees to staff the jobs. In addition, the workers you currently have are in high demand. There are many other competitors and companies actively looking to hire. (more…)
Good News for Business Owners – California Assembly Bill 150
By Rob Trammell, Principal
For those of us living in California, or other high tax states, there was a nasty section of the Tax Cuts and Jobs Act (TCJA) that has been causing some pain since 2018. That was the $10,000 limitation on the amount of state and local taxes that could be deducted for federal purposes. Even though your state income and property taxes could well exceed that amount, the maximum deduction on your federal return was limited to $10,000. (more…)