Certified Public Accountants
Welcome to Hanson & Co. CPAs!

Hanson & Co. CPAs has been working with individuals and privately held businesses in the Denver metro area for more than 40 years. While we work with companies across numerous industries, our professionals have focused experience serving companies in the constructionmanufacturing, real estate, professional services, medical practices and oil and gas industries. In addition, we provide a variety of tax, accounting, audit, and consulting solutions to meet the diverse needs of our emerging, growth-focused, and established corporate clients.

Impact of Tax Reform on Construction Companies

Tax reform has been a topic that has been in the news for quite some time. Simplifying the tax code, reducing taxes on businesses, creating more favorable depreciation and expensing rules, and reducing the individual tax rate were a few of the changes implemented in the Tax Cuts and Jobs Act of 2017. While it is the most meaningful change to the federal tax code in almost thirty years, many businesses, especially those in construction, may be unsure how the changes will impact them.

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News & Highlights

Each year businesses face new opportunities and challenges. The issues often vary depending on a company’s size, industry, service/product offering, human resources, access to capital financing and more. While some of these issues are limited to a company’s unique situation, others are heavily impacted by industry trends and forecasts. For those in the construction industry it’s essential to have a clear understanding of market outlook, demand and growth areas for proper planning.

In late December, Congress passed the Tax Cuts and Jobs Act of 2017, which ushered in significant changes to the tax law impacting both businesses and individuals. The objective of the changes was to simplify the tax code for individual taxpayers and lower taxes on businesses to make them more competitive with other countries.