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How the Wage Theft Bill is changing the Construction Industry in 2022

How the Wage Theft Bill is changing the Construction Industry in 2022

The New Year brings with it new opportunities for growth, new projects to begin, and also, new laws to follow. In 2021, New York State passed legislation that went into effect earlier this month, which shifts liability to general contractors for wage theft cases on private construction projects. Up until
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What the NYC Vaccine Mandate Means for Your Business

What the NYC Vaccine Mandate Means for Your Business

If you do business in the city, you need to be aware of the latest major expansion to New York’s “Key to NYC” program. Just last week, Mayor Bill de Blasio announced the first-in-the-nation vaccine mandate for private-sector workers which will take effect on December 27th, and will apply to
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New Joint Employer Rules You Need to Know

New Joint Employer Rules You Need to Know

No one ever said being a contractor would be easy. Rewarding? Yes. A breeze? Far from it. Consider all of the parties involved in any given project: developers, investors, lenders, insurance carriers, architects, engineers, consultants, subcontractors, suppliers, and manufacturers. There is a lot that can go wrong, and there is
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How to Save Big with Construction Management Software

How to Save Big with Construction Management Software

Running a successful construction company requires a lot of hard work, organization, and coordination. Your team is relying on you to communicate plans, your client is relying on you to communicate issues that may arise, and you are juggling multiple schedules, budgets, timelines, (personalities…), and maintaining a safe work environment.
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$11 Million Estate Tax Exemption Going Away? Act Now

$11 Million Estate Tax Exemption Going Away? Act Now

It might not be tomorrow, but the sunset on the historically high estate tax exemptions is coming – maybe sooner than you expect, so get prepared. Owning a construction company comes with daily challenges and in the current economy – mounting financial pressures. When you’re preoccupied with the next big
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Is Your Company Plan Up to DOL Speed?

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. Below we’ll review a timeline of important statewide legal action that impacts you, your employees, and the future of your company. In response to
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What’s Next? Infrastructure Bill News

What’s Next? Infrastructure Bill News

If you’re in construction, you know our roads and bridges are in dire need of some major TLC, and not just here at home in New York State, but all across the country. In an effort to rebuild our crumbling infrastructure, the Senate overwhelmingly approved the $1 trillion infrastructure bill
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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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Map of Qualified Census Tracts (QCTs)

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