The Section 199 Deduction for the Construction Industry: Are You Eligible?
Posted by bgoricki on Mar 18, 2016 2:11:41 PM
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Topics: Construction, Section 199, Uncategorized
Buy-Sell Agreements for the Construction Industry: Build In Protection for Your Company
Posted by bgoricki on Jan 15, 2016 11:37:37 AM
Contractors sign contracts all the time. That’s why the word is right there in your occupational sobriquet. But there’s one contract every construction business owner needs to sign that sometimes goes overlooked: a buy-sell agreement.
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Topics: Construction, Uncategorized
Don't Let Profit Fade Eat Into Your Construction Profit Margin
Posted by bgoricki on Jan 15, 2016 11:34:01 AM
As a construction business owner, you’ve probably completed a job with high hopes only to find that the anticipated profit had somehow evaporated. That is, the costs of performing the work equaled or exceeded the revenue it brought in.
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Topics: Construction, Uncategorized
What Makes an Independent Contractor: Six Key Factors Construction Professionals Need to Know
Posted by bgoricki on Jan 15, 2016 11:28:53 AM
According to the Government Accountability Office, independent contractors account for more than 7% of the U.S. workforce. They certainly have their place in the construction industry — be it as a specialized tradesperson, such as a carpenter, or as an IT or business consultant.
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Topics: Payroll Taxes, Construction, DOL, employee misclassification, IRS, Uncategorized
Unmanned Aerial Vehicles (Drones) Take Off in the Construction Industry
Posted by bgoricki on Jan 15, 2016 11:21:46 AM
A midsize concrete contractor recently found a new way to combine pleasure with business. Growing up, he’d often enjoyed flying remote-controlled model airplanes. So you can imagine his excitement when his wife bought him an unmanned aerial vehicle (UAV) as a Father’s Day gift. He could control the quadricopter (a small aircraft with four rotors) with his smartphone or tablet, and it came equipped with a video camera.
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Topics: Construction, Uncategorized
It’s natural and understandable for contractors to focus on their projects. That’s what you’re supposed to do, right? Manage your jobs and the money that goes directly into them.
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Topics: Construction, Uncategorized
Over the past 20 years, the introduction and expansion of the Internet has transformed our culture in ways that were barely imaginable decades earlier. Computers, smartphones and tablets have given us instantaneous access to information. And it’s affected the construction business in connecting contractors’ home offices to job sites and beyond.
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Topics: Construction, Uncategorized
The energy sector has shown and continues to show robust growth. It was one of the first industries to bounce back from the Great Recession, and one of the few that has been consistently thriving for several years. This growth has been driven partly by the desire to reduce U.S. dependence on foreign oil, and partly by efforts to develop more renewable energy sources.
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Topics: Construction, Uncategorized
Contractor Tired of Being Stonewalled on Final Payments
Posted by bgoricki on Dec 2, 2015 1:28:12 PM
There’s nary a construction company in business that hasn’t had difficulty collecting monies owed for a project. In many instances, a contractor may be tempted to write off the bad debt, rather than spend time and effort trying to collect those dollars.
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Topics: Construction, Uncategorized