Bankruptcy Challenges for Construction Contractors Post-COVID

Construction bankruptcy filings are trending up due to volatility in the supply chain, labor market, and economy. Guaranteed payment, one of the factors affecting contractor cash flow, is now protected in Virginia as it is in North Carolina.

2023-05-16T17:17:49-04:00May 17, 2023|Categories: Construction and Real Estate|Tags: |

Don’t Take the Cash (or any Relief of Liabilities): 1031 Exchange Rules

1031 exchanges are a popular tax deferment strategy for real estate investors. Certain scenarios can trigger capital gains tax. Learn what they are and how to avoid these common pitfalls.

2023-04-04T14:32:31-04:00April 4, 2023|Categories: Construction and Real Estate|Tags: , |

How Is Recent Legislation Impacting Construction and Real Estate? A 2023 Outlook

Three large pieces of legislation have been passed in the last 15 months with a collective goal of revitalizing and revamping domestic infrastructure, advanced manufacturing, and clean energy. There are many various impacts to the construction and real estate industry.

Proactive Accounting and Technology Mean Better Outcomes for Construction Companies

Construction firm owners and project managers need better solutions to keep pace with a shifting, uncertain market. Automated, AI-powered software tools are powering future-forward construction accounting practices.

2023-02-14T11:58:32-05:00February 7, 2023|Categories: Construction and Real Estate|Tags: |

Update on 100 Percent Meals Deduction for Contractors

Construction contractors and other taxpayers can maximize year-end tax planning with the 100% meals deduction, which will be reduced to 50% on January 1, 2023.

2022-12-12T14:25:08-05:00December 12, 2022|Categories: Construction and Real Estate|Tags: , |

What Is the Interest Rate’s Impact on Residential Real Estate?

Rising interest rates and inflation are impacting the residential housing market, but to what degree? The market is volatile and uncertain in every sector from existing and new homes and home improvement to multi-family construction.

2022-12-07T16:26:29-05:00December 6, 2022|Categories: Construction and Real Estate|Tags: |

The CHIPS Act and Its Impact on the Construction Industry

The CHIPS Act was signed into law on August 9, marking a multi-year, $280 billion investment in advanced manufacturing and technology. The construction industry – and Virginia – stand to benefit in more ways than one.

2022-08-09T12:08:26-04:00August 9, 2022|Categories: Construction and Real Estate|Tags: |

Work Opportunity Tax Credit Can Help Construction Contractors in the War for Talent

Amid the labor shortage, construction contractors can recruit from certain targeted groups that traditionally face barriers to employment. In return, they can claim the Work Opportunity Tax Credit.

2022-08-02T08:35:50-04:00August 2, 2022|Categories: Construction and Real Estate|Tags: , |
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