Mary Klett

Author's Posts

  • Construction Data & Figs – February 2025

    Construction Data & Figs – February 20250

    Softness in construction spending predicted for 2025 & 2026 After increasing by almost 20% in 2023 and another 6% last year, construction spending for nonresidential buildings—commercial, industrial, and institutional facilities—is projected to slow dramatically this year and next. Panelists participating in The American Institute of Architects’ Consensus Construction Forecast are expecting gains of only 2.2%

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  • Contractor Community – February 2025

    Contractor Community – February 20250

    ASA Supports Immigration Reform Including Expansion of the H2B Program and More… Three-fourths of the construction industry consists of subcontractors, and ASA members will need 723,00 workers annually to meet demand.  Factors driving this include natural disaster recovery, increased data center needs, likely raising labor costs. In the past year, average hourly earnings have increased

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  • IRS Publications: Your Construction Company’s Secret Weapon

    IRS Publications: Your Construction Company’s Secret Weapon0

    By Jack Biltis, eBacon The construction industry is notorious for its intricate financial landscape. From fluctuating project timelines and unpredictable material costs to the complexities of tax regulations, navigating the financial waters can feel like a constant battle. However, amidst the challenges lies a powerful resource: the Internal Revenue Service (IRS) Publications. These comprehensive guides

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  • The Tax Cuts and Jobs Act is Riding into the Sunset: Here’s How to Prepare

    The Tax Cuts and Jobs Act is Riding into the Sunset: Here’s How to Prepare0

    By Travis Klein, Ellin & Tucker  THE TAX CUTS and Jobs Act (TCJA) of 2017 marked a significant shift in U.S. tax policy, introducing a range of changes aimed at stimulating economic growth and corporate investment. The landmark legislation included a whole host of provisions and significant changes to existing tax policies, including a corporate

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