Construction & Real Estate

compliance written on asphalt

Failing to Properly Complete Form I-9 Can Be Costly

Recently, immigration authorities have been cracking down on not only companies that hire those who are in the country illegally, but also businesses that mishandle the paperwork related to Form I-9. This article explains some of the related rules and suggests essential compliance steps for construction companies to follow.

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Employee Incentives: Attract and Retain Talent with Equity-Based Compensation

Today’s contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other skilled workers. One way to attract, retain and motivate quality employees is through equity-based compensation. This article discusses two options: phantom stock and stock appreciation rights.

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Contractor Controlled Insurance Can Benefit Some Growing Companies

A contractor controlled insurance program (CCIP) can enable construction companies to more closely manage how a given project is covered. But whether implementing one is worthwhile depends on a variety of factors. This article explains how a CCIP works and examines the risks vs. benefits.

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two construction cranes holding signs

Should You Reconsider Your Entity Choice?

The Tax Cuts and Jobs Act has many construction company owners thinking about converting their pass-through entities to C corporations. Although some businesses may benefit from doing so, the decision isn’t just a matter of comparing the previous top corporate tax rate with the current one. This article reviews key factors to consider.

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New Guide Available for Download: Revenue Recognition Implementation Guide

Available to download now is our Revenue Recognition Implementation Guide which provides guidance for CPAs and construction companies.  Construction contractors are very familiar with contracts, however the new revenue recognition standard will require management to make additional judgments regarding when to recognize revenue associated with contracts.  This guide can help. Download Here

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contractor looking at stuff on ipad

Focus on Collaboration: The Estimator’s Changing Role

Technological innovations and other recent developments are rapidly altering the job of the estimator in construction. Estimators are taking on a more collaborative, value-added role — enabling them to have a significant impact on project costs, quality and risk management. Let’s look at some of the most important changes.

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piggy bank in chains

Lock Down Financial Assets with the Right Controls

You’ve got a fence around the jobsite. Your heavy equipment is turned off and the keys stored securely. Your materials are tied down and, where possible, kept out of sight. But what about your financial assets? Are you protecting those as carefully as your physical assets?

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revenue recognition road

Are You Ready for the New Revenue Recognition Standard?

It’s been eight years since the Financial Accounting Standards Board (FASB) first proposed an overhaul of its revenue recognition standard and four years since it issued the new standard. Now the standard’s effective date is finally approaching — Jan. 1, 2019, for calendar-year nonpublic companies that comply with Generally Accepted Accounting Principles. Is your company…

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3 Tips for Dealing with Design Issues

Traditionally, a contractor’s role is to build — that is, to implement a design created by an architect or other design professional. But given the vagaries of the industry, it’s not unusual for plans and specifications to be incomplete when construction begins. Contractors asked to help fill in these design gaps should proceed with caution.…

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Exploring the Many Facets of an ESOP

Most construction company owners want to retire someday, and just about every contractor is looking for ways to improve employee engagement and retention. One ambitious and somewhat complex way to do it all is by offering an employee stock ownership plan (ESOP)

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