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Construction

New Lease Accounting Changes Your Company Needs to Know

New Lease Accounting Changes Your Company Needs to Know

As a part of daily operations, most contractors have leased vehicles, buildings, trucks, construction equipment or other items to keep costs down and business running smoothly. Did you know that, in a matter of months, your leases will be accounted for differently due to the new lease accounting standard? While
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New Employee Retention Credit Guidance

New Employee Retention Credit Guidance

In the past, we have stressed the importance of taking advantage of the Employee Retention Credit (ERC), which was created by the Coronavirus Aid, Relief and Economic Security (CARES) Act and signed into law in March 2020, to encourage businesses to keep employees on their payroll. But since being implemented, there
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The Hero Act Deadlines You Need to Know

The Hero Act Deadlines You Need to Know

Since COVID-19 entered our lives and disrupted our normal protocols, reassessing workplace safety has been on every employer’s mind, especially within hands-on industries like construction work. In response to the pandemic, Governor Andrew Cuomo signed the New York Health and Essential Rights Act (NY HERO Act) into law on May
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Construction Confusion Surrounding Delta Variant

Construction Confusion Surrounding Delta Variant

You have probably heard talks of the delta variant of COVID-19 while scanning the latest news headlines. Within New York State, we are entering into yet another phase of unchartered territory for private companies to navigate during this ongoing public health crisis. Given how much more easily delta is spread,
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Breaking Ground: Casino Construction Coming Soon

Breaking Ground: Casino Construction Coming Soon

Remember when the highlight of your weekend was hitting the food court together with your friends at the mall? The number of malls in the U.S. grew more than twice as fast as the population between 1970 and 2015 but boy, have times changed. The crowds have faded, countless storefronts have shuttered,
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Construction Trend Watch Repurposing Hotels, Motels into Multifamily Housing

Construction Trend Watch Repurposing Hotels, Motels into Multifamily Housing

It’s a tough time to be a contractor or a person searching for housing in New York. Lumber and material costs are handcuffing builders and contractors all over the country. The National Association of Home Builders estimates that the rising cost could add up to $24,000 to the price of a new
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Buying a Business? Avoid this Oversight

Buying a Business? Avoid this Oversight

Are you considering purchasing an existing construction company? Congratulations, we hope you have your hard hat on and are ready for some (figuratively) heavy lifting. Whether this is part of your long-term plan, or you’re already deep into the process, there are a lot of critical considerations you need to
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Modular Building Explosion: The Future of Construction

Modular Building Explosion: The Future of Construction?

From hospitals to multi-story apartment towers, to correctional facilities – modular construction is not a new concept, but it is having a moment in the sun, and it’s not just a passing trend. Why? Technological advancements, economic demands, and changing mindsets mean it is attracting a wave of interest and
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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”