Estimating job costs is becoming increasingly difficult for construction contracts. Competitive bidding practices, rising labor and material costs, delays in obtaining permits,...
November 02, 2021
The deadline for calendar year entities is imminent. As you begin reporting under these new standards, there are a few things you need to remember.
October 07, 2021
Recently the DOL has been more closely scrutinizing Form 5500s and taking a more aggressive approach to plans that report untimely deposits of participant contributions to employer-sponsored 401(k)s.
September 21, 2021
The coronavirus pandemic infused unprecedented levels of uncertainty into our economy. These changes are going to affect each organization differently, but one thing is certain: businesses hit with adverse effects from COVID-19 will need to identify the consequences on their asset bases and reflect those outcomes in their financial statements.
August 31, 2021
As the construction industry continues to rebound from the effects of the COVID-19 pandemic, some in the industry are looking for digital solutions to help create efficiencies and...
August 04, 2021
In June 2020, the IRS issued proposed regulations addressing the TCJA’s changes to Section 1031, the tax code section that allows taxpayers to defer capital gains for like-kind exchanges. Just six months later, in December 2020, the IRS finalized those regulations. The final regulations help clarify what property exchanges qualify for preferential tax treatment under Section 1031.
July 22, 2021
To help Americans struggling with job loss, the American Rescue Plan Act of 2021 (ARPA) will subsidize the costs of COBRA insurance premiums beginning this April. Employers in all industries, including construction, are required to pay these premiums, but the ARPA will reimburse them with refundable payroll tax credits.
July 07, 2021
In January, the Department of Labor (DOL) published a final rule that detailed how a business was to determine a worker’s employment status under the Fair Labor Standards Act (FLSA). This rule was set to go into effect on May 7, 2021, but at the last moment, the Biden Administration pulled back, ensuring no change to how businesses and the DOL classify workers. What does this mean for employers, and what can we expect going forward?
June 24, 2021
Immigration is arguably one of the most divisive issues the United States faces today. As the leader of one of the largest specialty subcontracting firms in the U.S. and a...
April 01, 2021