The COVID-19 pandemic’s ongoing impact on supply chains and labor have made managing project costs increasingly difficult for construction companies. Over the past two years, we’ve seen materials costs skyrocket and the availability of supplies and skilled labor plummet. In today’s climate, getting supplies and people to jobsites when they’re needed calls for more planning. […]
Category: Construction
Infrastructure Projects: A Review Of Bidding Methods For Federal Contracts
With the signing of the Infrastructure Investment and Jobs Act in late 2021, things are looking up for federal construction projects in the months and even years ahead. If your company is considering getting in on the action, but perhaps unfamiliar with the road to get there, the journey will begin as most jobs do […]
On-Site Spring Construction Newsletter
Here’s a brief glance at what you’ll find in the Spring issue… Infrastructure projects: A review of bidding methods for federal contracts With the signing of the Infrastructure Investment and Jobs Act in late 2021, things are looking up for federal construction projects. For construction companies considering getting in on the action, the journey will […]
Want To Find Out What IRS Auditors Know About Your Business Industry?
In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Examiners may use IRS “Audit Techniques Guides (ATGs).” A little-known secret is that these guides are available to the public on the IRS website. In other words, your business can use […]
On-Site Fall Construction Newsletter
Here’s a brief glance at what you’ll find in the Fall issue below… Year-end tax planning Work Opportunity Tax Credit could solve two problems For contractors, the struggle to find skilled workers is real. One way construction companies can widen their hiring pools while potentially qualifying for a valuable tax break is to complete the […]
Auditing WIP
Many types of businesses — such as homebuilders and manufacturers — turn raw materials into finished products for customers. Production is a continuous process. So, any work that’s been started but isn’t yet completed before the end of the accounting period is reported as work in progress (WIP) under U.S. Generally Accepted Accounting Principles (GAAP). […]
On-Site Construction Spring 2021 Newsletter
Here’s a brief glance at what you’ll find in the Spring issue… Real estate ownership The ins and outs of CAP rate for contractors Many contractors build and build but never get to the easy part of construction: owning that well-built piece of property and collecting rent. Commercial rental properties with established tenants tend to […]
On-Site – Winter
On-Site – Fall 2020
The Fall issue of the On-Site is out and full of great information! Here’s a brief glance at what you’ll find in the Fall issue… Year-end tax planning: Depreciation deductions remain viable Enhancing preconstruction to protect workers and the bottom line Now’s a good time to re-evaluate employee benefits 4 ways construction teams can work […]
Leed isn’t the Only Green-Building Game in Town
Mention “green building” and most contractors think of the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program. LEED may be the front-runner in green building rating systems, but it’s not the only game in town. Here are some others you may encounter when working with project owners: BREEAM USA (breeam.com/usa) Founded […]