construction economics

Unintended Consequences of Regulations on Small Business

The governments of the United States, from the small local level to the large federal level, have legitimacy in the eyes of the people.  This gives their laws credibility and power, informing citizens that governments institute the will of the people.  When enough people care about a specific issue, naturally some turn to government to …

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New Tax Law Expands Full Expensing to Nonresidential Roofs

The Tax Cuts and Jobs Act expands eligibility for full expensing to nonresidential roofs as of Jan. 1, 2018.  Previous law allowed the cost of roof improvements to be deducted from taxable income through depreciation over time.  The new law allows the cost to be deducted in full immediately!  This is a fantastic improvement for small businesses …

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