CARES Act and the Construction Industry: Relief for Federal and Private Contractors

The CARES Act contains several financial relief provisions to help construction contractors and other companies stay afloat during the coronavirus crisis.

The Impact of Coronavirus on Commercial Real Estate

Sudden business disruptions, closures, and stay-at-home orders are becoming common across the United States. Real estate is getting hit hard, and from different angles.

2020-09-25T13:37:01-04:00April 8, 2020|Categories: Construction and Real Estate, PBMares COVID-19 Insights|Tags: |

Is Coronavirus a Triggering Event for Force Majeure in Real Estate Contracts?

The language in real estate contracts has always been important. In normal circumstances, poorly worded contracts or contracts that don’t address the specifics of the project or lessor/tenant relationship can end up costing parties time, money, and frustration.

2020-04-10T10:29:11-04:00April 5, 2020|Categories: Construction and Real Estate, PBMares COVID-19 Insights|Tags: |

Improving Safety Data and Lowering Risk on Construction Sites in 2020

Construction worksites are responsible for about one out of every five workplace-related fatalities in the U.S. each year. Safety practices have drastically improved over the past two decades, but even one fatality is a failure.

2020-03-02T21:31:42-05:00February 4, 2020|Categories: Construction and Real Estate|Tags: , |

How Employers Can Comply with the DOL’s New Overtime Rules

After more than four years in the draft proposal stage and federal lawsuits, Congress recently enacted new overtime rules for white-collar workers.

Like-Kind Exchanges and Installment Sales

When business owners have divergent goals, Section 1031 contains several provisions for like-kind exchanges and installment sales that can be used to satisfy all parties involved. Proactive tax planning can minimize and delay taxes due while allowing members to pursue their desired outcome.

2020-05-06T16:12:46-04:00January 2, 2020|Categories: Accounting, Construction and Real Estate, Tax: Business|Tags: |

How Can Construction Companies Manage Cybersecurity Risks?

Construction contractors can spend their entire career bidding work, managing projects and handling cash flow issues, while on the way to a banner year. Then [...]

Congressional Tax Reform Bill Full of Changes

Tax Cuts and Jobs Act Impacts Businesses and Individuals Congressional Republicans have been working on a bill to simplify the tax code and reduce the [...]

2018-09-11T19:11:32-04:00November 3, 2017|Categories: Construction and Real Estate, Small Business, Tax: Business, Tax: Individual|Tags: , |

Look-Back Interest on Long-Term Construction Contracts

If you are a construction contractor reporting long-term contracts on the percentage of completion method (§460(b)(1)) you may be required to calculate look-back interest (§460(b)(2)) [...]

Changes to Virginia Sales Tax Effective as of July 1, 2017

Each year the Virginia Legislature passes changes to the Virginia Tax Code that impacts residents and those doing business in Virginia. While many of the [...]