Construction

Revolutionizing Construction: Using Drones for Site Surveys, Inspections, and 3D Modeling

April 11, 2024

Among the many technologies driving advancements in our world, drones are highly transformative, especially when it comes to the construction industry and their ability to increase accuracy, promote safety, and improve efficiency. Drones or Unmanned Aerial Vehicles (UAVs) are remote-controlled, high-tech devices that have become invaluable when it comes to

Are You Classifying Employees and Contractors Correctly? DOL Final Rule Took Effect March 11

March 21, 2024

Last updated on March 22nd, 2024This past Monday, the Department of Labor’s (DOL’s) final rule on how to analyze whether a worker is classified as an employee or independent contractor under the Fair Labor Standards Act (FLSA) took effect. Considering the growth of the gig economy, the number of people

2024 Construction Outlook: Proceed with Caution

February 19, 2024

While there are several reasons for U.S. construction businesses to be cautiously optimistic about 2024, there are also a number of reasons to simply be cautious. In the U.S. overall, there’s an expectation for some growth (but not as strong as last year), with a hope that inflation and interest

Navigating the Maturing $400 Billion Loan Wave: A Guide for Commercial Real Estate Owners

January 19, 2024

The commercial real estate sector is approaching a critical juncture with approximately $400 billion in loans set to mature. This situation is further intensified by the persistence of high interest rates. As a commercial real estate owner, it is crucial to anticipate what’s next and take proactive steps to manage

Improve Your Bidding Process Before You Make a Bid

December 20, 2023

Last updated on December 22nd, 2023Creating winning project bids is a science onto itself. Do it right and you end up profitable and productive. The secret is to invest the time and attention to show the buyer why your business is the best for the job. In truth, that’s easier

OSHA’s Tracking of Workplace Injuries and Illnesses Rule Takes Effect January 1, 2024

November 16, 2023

Last updated on November 17th, 2023The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) Improve Tracking of Workplace Injuries and Illnesses reporting rule takes effect January 1, 2024. As a result, more employers will be required to submit detailed data about workplace injuries and illnesses. The final rule

Are You Maximizing Commercial Real Estate Tax Advantages?

September 21, 2023

Last updated on September 25th, 2023Whether 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

What’s Happening with Prefab and Modular Construction Today

August 23, 2023

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