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Is earned wage access a viable option for construction companies?

Earned wage access (EWA) is catching on across various industries. Many different types of employers are using it to help attract and retain employees, but is it a viable option for construction companies? The need...

Comprehensive Employee Reviews for Manufacturing and Distribution Companies

Conducting effective performance reviews can be challenging. They require significant management effort, and there's potential for conflict if an employee disagrees with the assessment. However, when done right, the...

The Contractor's Role in Life-Cycle Cost Analysis

When project owners invest in construction jobs, they invariably look for long-term value. Whether road, residence or commercial real estate, the final deliverable needs to stand the test of time and provide a return...

Understanding Spousal Lifetime Access Trusts (SLATs)

In a previous article we discussed the sunset of the lifetime exclusion. As a recap, unless a change in the current law takes place, after 2025 the lifetime exclusion for the estate and gift tax exemption will revert...

Is Your Manufacturing Company's Budget Realistic?

You've likely already begun your company's 2025 budget planning. A comprehensive, realistic budget allows you to identify potential cash shortages, production capacity constraints and other threats. However, be aware...

Exit Strategy: ESOPs for Construction Companies

Contractors often struggle to find suitable buyers for their companies when they're ready to retire or otherwise move on. That may be why many construction businesses implement employee stock ownership plans (ESOPs)....

The IRS issues final regs for the advanced manufacturing production credit

The IRS has published final regulations for the Section 45X advanced manufacturing production credit. The final regs update several significant areas from the proposed regs released in late 2023. The credit in a...

Prepare for the Tax Fiscal Cliff: What Construction Contractors Need to Know

As the 2025 tax fiscal cliff approaches, construction companies face critical changes that could significantly impact their bottom line. Depending on any changes made by the new administration, the expiration of key...

Nationwide Preliminary Injunction Against Enforcement of the Corporate Transparency Act

As a result of a Texas federal court decision handed down on December 3, 2024, a preliminary injunction is now in place against enforcing the Corporate Transparency Act. While this is not likely to be a final stop in...

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