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New York State’s Pass-through Entity Tax: An Overview and How to Opt In

New York State’s Pass-through Entity Tax: An Overview and How to Opt In

For New York-based construction companies structured as partnerships or S corporations, 2026 offers another opportunity to opt in to New York State’s Pass-Through Entity Tax (PTET). This article will cover what the PTET is, the potential benefits of opting in, and how to make an election for 2026. Firstly, what
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Are You Classifying Your Workers Correctly?

Are You Classifying Your Workers Correctly?

Last updated on November 13th, 2025In general, workers in the construction industry fall into one of two categories: employees or independent contractors. Under the FSLA, workers designated as employees are entitled to certain rights such as minimum wage and overtime pay. Misclassification of workers is an ongoing issue in the
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4 OBBBA Changes Benefitting Construction Companies

4 OBBBA Changes Benefitting Construction Companies

Last updated on September 5th, 2025Our last article provided a high-level overview of several provisions of the One Big Beautiful Big that are likely to impact the construction industry. In this article, we’ll focus on four of the most noteworthy elements of the new tax law as it pertains to
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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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Map of Qualified Census Tracts (QCTs)

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