With rising costs due to inflation, escalating salaries, and increased cost of debt, everyone is searching for ways to reduce costs. One area that companies can look at is reducing Workers’ Compensation insurance premiums. One component of Worker’s Compensation...
Approximately 7.8 million people are employed by the construction industry, as of January 2023 — that’s about 2.9% of the U.S. workforce. Despite being a significant contributor to employment, the construction industry faces a unique challenge with an average annual...
With about a quarter of 2024 behind us, there are mixed economic indicators facing the construction industry. Inflation is coming under control, interest rates have remained high, supply chains have eased a bit, and unemployment is on the rise, even in the...
As the world continues to grapple with environmental challenges, the construction industry has taken center stage in addressing these issues. The concept of Green Building has gained significant momentum in recent years, and for good reason. Not only does it promote...
Is anyone else tired of the accounting regulations constantly changing? In the past few years, construction companies have had to deal with an overhaul of revenue recognition rules, “clarifying” (confusing) defined benefit plan pronouncements, enhanced disclosure...
Every year, as summer comes to an end, there are a few things that I look forward to, the changing color of the leaves, the return of football season, and the start of a new network television season. This year SAG-AFTRA and the WGA unions are on strike with no end in...
In recent times, the Financial Crimes Enforcement Network (FinCEN) has sounded the alarm about an alarming rise in payroll tax evasion and workers' compensation fraud within the residential and commercial real estate construction sectors in the United States. This...
Escalating utility costs, generous incentives and an increased need for more sustainable energy sources have created a robust renewable energy industry in New York. While the best renewable energy plan for your business should be tailored to meet your individual needs...
One of the first relief plans issued by the federal government as part of the CARES Act was the employee retention tax credit or ERTC. Since it was initially released during 2020, there have been many changes to the credit that have made it a bit more accessible for...
