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Are You Maximizing Commercial Real Estate Tax Advantages?

Are You Maximizing Commercial Real Estate Tax Advantages?

Whether you currently own commercial real estate or are considering whether to jump into the market, of the many pros and cons you evaluate, don’t forget to take a look at related tax and investment benefits. Here are a couple that stand out: Depreciation deductions on income taxes. As a
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What’s Happening with Prefab and Modular Construction Today

What’s Happening with Prefab and Modular Construction Today

It’s always interesting for an accountant who specializes in the construction industry to deep dive into trending topics. I’ve come to learn that when you Google a research topic, the first five screens of search results paint one picture that almost feels like marketing to get a new trend to
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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

With 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 to hasten IIJA funding, the
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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?

During 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 hinder business’ growth opportunities. While
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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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Map of Qualified Census Tracts (QCTs)

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