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How Does the One Big Beautiful Bill Impact the Construction Industry?

How Does the One Big Beautiful Bill Impact the Construction Industry?

Signed into law early last month, the One Big Beautiful Bill Act (OBBBA) extends many provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 and establishes several new tax and spending policies. This article highlights the provisions of the OBBBA applicable to the construction industry. QBI Deduction Extended
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Choosing the Right Software for Project Management and Accounting

Choosing the Right Software for Project Management and Accounting

Last updated on July 24th, 2025Managing construction projects requires the oversight and coordination of many moving parts, including staff, equipment, regulations, timelines, and budgets. Having the proper software in place to facilitate operations can have a significant impact on a project’s success. Choosing the project management and accounting software that
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Embracing the Potential of AI in the Construction Industry

Embracing the Potential of AI in the Construction Industry

Artificial intelligence is taking the world by storm. AI is at the center of some of the most cutting-edge technologies developed in recent years, but what exactly is AI? IBM defines artificial intelligence (AI) as “technology that enables computers and machines to simulate human learning, comprehension, problem-solving, decision making, creativity,
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Small Businesses and MWBEs: Access Reduced-Interest Loans through New York’s Linked Deposit Program

Small Businesses and MWBEs: Access Reduced-Interest Loans through New York’s Linked Deposit Program

Last updated on April 22nd, 2025Small businesses are at the heart of New York’s economy, culture, and communities. According to Empire State Development, “small businesses make up 98 percent of New York State businesses and employ 40 percent of New York’s private sector workforce.” And yet, small businesses, along with
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Planning Ahead: The Importance of Succession Plans and Buy-Sell Agreements

Planning Ahead: The Importance of Succession Plans and Buy-Sell Agreements

As a construction business owner, you’re on top of your project plans—but what about your succession plan?  A comprehensive succession plan is a critical part of any company’s business strategy, helping to ensure the continued success of your business even after you leave your role as owner. Why You Need
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New Legislation in Effect: New York State Department of Labor Contractor Registry

New Legislation in Effect: New York State Department of Labor Contractor Registry

The new year brings with it new legal requirements for contractors and subcontractors in New York State. On December 30, 2024, Section 220-I of the New York Labor Law went into effect. This new law requires registration with the Department of Labor for all contractors and subcontractors working on public
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What You Should Know about MWBE Certification in New York

What You Should Know about MWBE Certification in New York

Last updated on June 12th, 2025Minority- and women-owned businesses in New York State experience certain advantages when it comes to government contracting in the construction industry. It’s important to understand the benefits of a Minority- and/or Women-owned Business Enterprise (MWBE) certification, as well as the steps required to earn this
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Does Your Construction Business Need to Register to Pay Taxes in Another State?

Does Your Construction Business Need to Register to Pay Taxes in Another State?

Understanding and complying with nexus laws is critical for construction companies operating across state lines and within certain municipalities. Nexus determines where a company has state or local tax obligations, which can be triggered by various factors. Once triggered, a company must register its business, collect sales tax, and file
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Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”

The offices of RBT CPAs will be closed on Monday, Sept. 1st, in observation of the holiday. We will resume regular business hours on Tuesday, Sept. 2nd. Wishing you all a happy Labor Day.