In recent years, governments have used tariffs as a form of protectionism. In 2018, the United States government began imposing tariffs on steel, aluminum and lumber from a number of countries.
The Employee Retention Tax Credit (ERC) is one of the best opportunities for construction industry companies impacted by the COVID-19 pandemic to recoup wages paid to employees.
The construction industry has faced many different challenges over the past couple of years, including material shortages, new regulations, supply chain issues, and many more. No matter where your construction company is located or how big you are, the effects of the...
The new lease accounting rules will have a big impact on the financial statements of construction companies leasing property, equipment, vehicles and other fixed assets.
The pandemic has forced many construction companies and their customers to make contract modifications, including cancellations, delays, and increased construction costs. A recent survey of construction companies shows a challenging 2021 for the industry.
2020 forced the construction industry to reset and revisit efficiencies, planning, and much more. The year ahead is only expected to accelerate these changes.
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