The effects of the COVID-19 virus are only beginning to be felt within our communities and across the nation. Both business leaders and employees are looking for answers to difficult questions as we work to control both the spread of the virus and the economic effects after its curtailment, resulting in significant insurance policyholder considerations [...]
In response to the growing concern over the COVID-19 pandemic, the construction industry has taken an unexpected hit. This unprecedented occurrence can feel daunting, especially when it comes to planning for potential circumstances are not under your direct control. Rather than panic, the best approach is often achieved by taking the time to consider different [...]
The most successful contractors always seek to maximize bonding capacity through an ever-improving surety relationship. Given the inevitable market tightening, securing and enhancing surety bond credit is one of the single most important actions for a construction company. As a CPA firm serving thousands of construction companies, we've learned that contractors—especially in the face of [...]
For established contractors, entity selection is a long-gone concern. Business owners focus instead on operational strategy and tax optimization within the confines of their chosen entity type. But in light of the ever-changing tax environment, it may be worth your while to take another look at your entity selection. Is your choice of entity serving [...]
Despite tariff uncertainties, a tight labor market, and the rising costs of employee benefits, the construction industry has been flourishing in recent years and is expected to continue its economic growth into the next decade. The industry got an added boost from the Tax Cuts and Jobs Act (TCJA), passed at the end of 2017. [...]
