Succession Planning for Construction, Part 2: Four Common Transition Options

The familiar saying “failing to plan is a plan for failure” is spot on, especially for construction companies facing a transition in leadership. Without enough time to plan for the owner’s exit, any of the following scenarios can easily lead to a construction company in chaos.

2020-06-30T11:54:54-04:00June 30, 2020|Categories: Construction and Real Estate|Tags: , |

Succession Planning in Construction, Part 1: How Owners Can Get Started

As the leader of your construction company, how much time have you spent envisioning your retirement, or the process leading up to it?

2020-06-25T12:52:17-04:00June 25, 2020|Categories: Construction and Real Estate|Tags: , |

NOL Changes Give Some an Immediate Source of Cash Flow

Within the multi-billion-dollar CARES Act legislation, there are numerous other provisions aimed at supporting different aspects of the economy, in addition to the well-known Paycheck Protection Program.

2020-06-11T10:52:40-04:00June 11, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , |

Section 179D Tax Deduction Extended for Commercial Building Owners and Designers

Energy-efficient building design has been gaining more traction in recent years. When sourcing renewable materials or designing for sustainability, there are more ways than ever for building owners and designers to save money on taxes and offset construction costs.

What Taxable Clubs Should Know About the CARES Act

Springtime normally signals the start of the busy season for country clubs. Golfers eager to take advantage of nicer weather and club members who enjoy other facility amenities will have to wait longer.

Main Street Lending Act Provides Financial Relief to Mid-Size Companies

There are around 40,000 mid-size businesses employing 35 million Americans, but as of yet, financial relief measures have been targeted to small businesses and self-employed individuals.

2020-04-17T16:08:04-04:00April 16, 2020|Categories: Business Advisory, PBMares COVID-19 Insights|Tags: , |

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.

2020-04-10T09:57:22-04:00April 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: , |