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ESG: It’s Not Just for Big Construction Companies Anymore

ESG: It’s Not Just for Big Construction Companies Anymore

As you make summer plans for your business, consider adding ESG assessment, measurement, and management as a priority. ESG stands for environmental, social and governance – three areas growing in importance to investors, project owners, lenders, customers, suppliers, regulators, employees, insurers, and communities. This October, the Security and Exchange Commission
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Fortifying Construction Sites: Tips for Preventing Equipment Theft

Fortifying Construction Sites: Tips for Preventing Equipment Theft

The National Equipment Register (NER) places the annual cost of losses due to equipment theft at up to $300 million for residential construction sites and $1 billion for commercial sites, with a $30,000 average price tag per theft. Beyond the actual cost, equipment theft can significantly add to the challenge
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Show Me the Money! IIJA, NY Budget & Funding Updates

Show Me the Money! IIJA, NY Budget & Funding Updates

Last updated on June 5th, 2023With less than 20% of the Infrastructure Investment and Jobs Act (IIJA) funds being allocated since the $1.2 trillion legislation was signed into law on November 15, 2021 (according to ConstructionDive.com), some of the novelty about potential construction opportunities has waned. However, a renewed effort
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Residential and Commercial Real Estate Update

Residential and Commercial Real Estate Update

Depending on the type of construction your company does, it’s always valuable to understand what’s going on with real estate so you can consider implications on your strategy and business and make adjustments to plan accordingly. Norada Real Estate Investments recently issued its 2023 New York Housing Market: Prices, Trends
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Are You Prepared for a Credit Crunch?

Are You Prepared for a Credit Crunch?

Last updated on April 10th, 2023During Covid, more money was pumped into the economy than ever before. Now, liquidity is being removed from financial markets faster than ever before thanks to the Federal Reserve. Among the many other potential effects is a tightening of credit in the marketplace, which may
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Storm Alert: How to Protect Your Business’ Finances

Storm Alert: How to Protect Your Business’ Finances

A bomb cyclone hits leaving snowfall that’s measured in feet instead of inches, bringing down powerlines and trees that will keep area businesses closed for days and possibly weeks. A fire at a nearby building creates hazardous conditions for the surrounding area, resulting in officials making nearby offices off-limits until
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Qualify for Higher 179D Deductions Starting in 2023

Qualify for Higher 179D Deductions Starting in 2023

More opportunities to take enhanced deductions under 179D are here. Make sure you understand changes and what you need to do – in terms of prevailing wages, apprenticeships, and recordkeeping – to maximize deductions. Key changes now in effect include: Minimum energy savings required has been reduced from 50% to
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Wrapping Up 2022 with an Eye Toward Succeeding in 2023 and Beyond

Wrapping Up 2022 with an Eye Toward Succeeding in 2023 and Beyond

In construction, year-end closing is a misnomer. That’s because the actions you take not only impact your 2022 books, business results, taxes, and financial statements. They can also inform your business strategy for the year ahead, while putting you in the best position for year-end close 2023 and beyond. What
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Lake Katrine Office Temporarily Closed

The Lake Katrine office location will be temporarily closed for the next few months due to office renovations. All Lake Katrine employees can still be reached at the LK phone number, email and other office locations! Thank you for your patience & looking forward to serving you from our newly updated office space!

Map of Qualified Census Tracts (QCTs)

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