Construction & Real Estate
The notion of starting work on a project without a contractor’s license may seem unthinkable. But, in their rush to win bids and start work, many contractors have run afoul of licensing issues. Here’s how it can happen. A major culprit Out-of-state work is a major culprit. If you work on projects in other states,…Read More
The thought of creating a buy-sell agreement may strike a certain amount of trepidation into the hearts of some contractors. The mere suggestion of ownership change can raise delicate issues that are often avoided. But putting off the creation of a well-crafted buy-sell can put a construction company at risk if unexpected circumstances arise. Understand…Read More
No part of the country is immune from disaster. Whether your construction company operates near water or in a desert, in the city or the suburbs, a natural calamity could stop you in your tracks and even put you out of business. For this reason, it’s a good idea for every contractor to at least…Read More
Tax reform has expanded availability of accounting methods Almost a year ago, the Tax Cuts and Jobs Act (TCJA) was signed into law. It may be best known for slashing corporate and individual income tax rates. But another change made by the act will have a big impact on many construction companies — particularly those…Read More
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.Read More
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.Read More
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.Read More
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.Read More
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 HereRead More
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.Read More
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