“Don’t rest on your laurels and think that just because you have a great backlog today with a good margin in it that you’re going to be OK,” Moore says. “Don’t expect that that is going to be all it takes.”
U.S. mechanics lien filings have risen significantly since the COVID-19 pandemic shut down all but the most essential projects in many states…
The AICPA’s Firm Services/PCPS team has updated the calculator to reflect the information provided in the U.S. Treasury Department and Small Business Administration PPP loan forgiveness application…
Jumping back into business without careful planning could put you back out of it quickly…
Associated Builders and Contractors Chief Economist Anirban Basu warned the economic recovery following the COVID-19 outbreak would be quite different for the nonresidential construction industry compared to previous recessions…
The PPP Loan Forgiveness Application and its related instructions provide answers to several outstanding questions to assist borrowers when planning the spending related to their PPP loan proceeds during the 56-day (8-week) Covered Period…
The Internal Revenue Service released guidance this month to clarify the accounting treatment of payments under the Paycheck Protection Program and caused some consternation among some small businesses and tax experts…
A recent survey published by EY found that only 28% of construction and engineering companies have a successful digital strategy. This does not come as a surprise as the construction industry has historically been slow to adopt new technologies. COVID-19 has changed that…
Last week, the U.S. Treasury announced it has changed its position in its questions and answers on the Employee Retention Credit (ERC) as posted on its website…
In a world turned upside-down by a global pandemic, contractors are likely working extra hard to make sure their business is braving the storm. They may be experiencing a variety of struggles, including a shortage of labor and supplies, cash flowing payroll and liabilities, as well as completing contracts on schedule…
