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.
2022 proposed changes to the Davis-Bacon Act could have complex implications for federal construction contractors, who are already dealing with prevailing wage requirements from recent legislation.
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.
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.
The U.S. faces an affordable housing crisis in both residential and multi-family real estate. What led to this point and how are different solutions tackling the issue?
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.
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.
The new normal for the global supply chain is anything but normal. We track the path through COVID, inflation, and in between and lay out possible solutions for companies to use moving forward.
Private company adoption of the new lease accounting update, ASC 842, is well underway. The impact will be felt in areas other than the balance sheet, especially for businesses in commercial real estate and construction.
An executive order could require federal construction contractors to implement a vaccine mandate on all federal jobs; however, recent court challenges make following the standard tricky, especially from one contract to another.
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