Philadelphia Construction Law Blog

People working in the construction industry, like any other business enterprise, are in it to make money. While some enjoy their work and get “payment” in the form of loving what they do, we don’t need to take a poll to know that participants in the construction industry would all be agreeable to making more money.

With tax season looming, many are beginning to assemble their papers, talk to their accountants, and make decisions about how best to pay Uncle Sam. In this context, some will be shocked to hear about data recently offered by the National Federation of Independent Businesses and other tax related groups that have studied effective tax rates. Pennsylvania and New Jersey developers and construction companies should certainly be aware of these facts and, perhaps, consider changing the manner in which their companies are organized from a tax perspective.