February 27, 2018
Construction Executive published Part II of an article co-authored by Senior Tax Manager Kenneth Padgitt, about deferring tax liabilities for construction contracts.
Construction Executive
By Kenneth Padgitt, Senior Manager, Tax & Business Services
Excerpt:
A hint of whether a contractor is taking advantage of all available deferrals can be found in the amount and nature of the deferred tax liability (DTL) presented in the company’s financial statements. The size and composition of the DTL can provide enough ammunition to ask a few questions of its tax advisor.
