January 2025 Archives

IRS Publications: Your Construction Company’s Secret Weapon 0

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

The Tax Cuts and Jobs Act is Riding into the Sunset: Here’s How to Prepare 0

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

3 Principles to Consider Before Deploying Your Working Capital 0

By Travis Mayor, Billd Subcontractors have a host of working capital options to choose from: lines of credit, cash, credit cards, construction-specific financing, supplier terms, and more. As they cover all the capital needs of the business, subs have to be strategic and intentional, deciding which source of capital makes the most sense for each

Understanding Additional Insured Endorsements in Construction Contracts 0
- FINANCE, Insurance, Payment
- January 28, 2025
By Gary Semmer, AssuredPartners In the construction industry, contracts define relationships, responsibilities, and expectations among contractors, subcontractors, and owners. One of the most important yet often misunderstood elements in these contracts is the Additional Insured (AI) Endorsement, which provides extended insurance coverage and is important in managing risk for all parties involved in a construction
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Apprenticeships are a Trending Alternative to College – But There’s a Hitch 0
- Outlook & Trends, WORKFORCE, Workforce & Professional Development
- January 28, 2025
More people are lining up for apprenticeships than there are employers to provide them By Jon Marcus, Hechinger Report Joey Cook was 17 and a junior in high school when he heard about a way to learn a profession while getting paid: by landing an apprenticeship, a path into the workforce that everyone was suddenly
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New Year, New Numbers: Mastering Cash Flow with Prompt Payment Laws 0
- CONSTRUCTION
- January 28, 2025
By Karalynn Cromeens, Cromeens Law Firm PLLC For subcontractors, managing cash flow is one of the most pressing challenges in the construction industry. The unpredictable nature of payments, coupled with disputes and delays, can often create financial strain that impacts not only ongoing projects but also the very foundation of a business. However, there is
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