Audit Requirements for Licensure as a North Carolina General Contractor

When applying for licensure as a North Carolina general contractor, understand the requirements of the North Carolina Licensing Board for General Contractors (the Board), what questions arise at the mention of an audit or agreed-upon-procedure (AUP).

2024-05-08T13:36:24-04:00May 7, 2024|Categories: Construction and Real Estate|Tags: |

Navigating the $1.5 Trillion Commercial Real Estate Debt Bubble

The commercial real estate sector is facing a $1.5 trillion debt bubble, posing significant challenges with most debt maturing by the end of 2025. This scenario necessitates strategic and informed responses from stakeholders to mitigate risks and leverage opportunities for adaptation and growth within the industry.

2024-04-04T08:16:56-04:00April 3, 2024|Categories: Construction and Real Estate|Tags: |

FinCen Proposes New Reporting Transparency for Non-financed Real Estate Transactions

Learn more about the Financial Crimes Enforcement Network (FinCen) proposed new rule requiring certain professionals involved in real estate closings and settlements to report non-financed transfers of residential real estate to legal entities or trusts.

2024-03-26T08:33:00-04:00March 25, 2024|Categories: Construction and Real Estate|Tags: |

Commercial Real Estate Trends 2024

In 2024, commercial real estate trends signal transformation. Opportunities surface in multifamily apartments, industrial properties, and digital infrastructure, yet U.S. regulators warn of financial stability risks tied to rising vacancy rates, declining office property values, and potential economic slowdowns.

2024-03-04T17:46:40-05:00March 5, 2024|Categories: Construction and Real Estate|Tags: |

The Impact of the Inflation Reduction Act on the Construction Industry

One year after the Inflation Reduction Act passed, there is evidence of an increase in construction investments, job creation in certain sectors, and investments in future clean energy projects.

2024-02-09T10:37:04-05:00February 6, 2024|Categories: Construction and Real Estate|Tags: |

Accounting Outsourcing Solutions for Construction Companies

See why your internal accounting processes might be wasting time and money and how easy it can be to digitize your accounting function and make it significantly more efficient.

2024-01-03T14:22:17-05:00January 3, 2024|Categories: Cloud Accounting, Construction and Real Estate|Tags: |

Leveraging General Asset Accounts in Building Demolition Strategies

GAAs offer a strategic solution for real estate developers facing tax implications of building demolition, particularly concerning Section 280B. However, implementation requires careful consideration of timing, rules, and financial analysis.

2023-12-27T15:26:53-05:00December 27, 2023|Categories: Construction and Real Estate|Tags: |

Transferring Federal Energy Tax Credits

The Inflation Reduction Act introduced transferable federal energy tax credits, with guidance for implementation released mid-2023. This clarifies the process for transferring energy-related tax credits and aims to promote growth in the clean energy sector.

2023-12-21T09:35:30-05:00December 20, 2023|Categories: Construction and Real Estate|Tags: , |

Davis-Bacon Act Updates Add Liability, Definitions for Federal Construction Contractors

The DOL's overhaul of the Davis-Bacon Act in October 2023 brings substantial changes to federal construction contractors. These revisions include prevailing wage adjustments, increased contractor liabilities, and apprenticeship mandates.

2024-01-02T08:48:48-05:00December 15, 2023|Categories: Construction and Real Estate|Tags: |
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