Will Federal Reserve Increases Impact Residential Construction?
In recent years, the residential construction industry has shown great strength not only due to the demand for housing, but also because of consistently
Earlier this year, there were New Tariffs Proposed on Steel and Aluminum by President Trump. The tariffs amount to 25% on steel and 10% on aluminum imports.
What Can Be Learned From Early Adopters of ASC 606?
Public companies were required to adopt the new revenue recognition standards by January 1, 2018, while private companies have an extra year (January 1,
Worker Shortage an Ongoing Challenge for Construction Firms in 2018
In a recent survey of more than 1,600 construction firms conducted by Associated General Contractors of America, respondents reported that their companies
Recently Issued Accounting Standards Potentially Impacting Construction Company Financial Reporting in the Upcoming Year
With the start of the new year, many contractors are gearing up for their annual year-end audits to begin. I wanted to provide a quick refresher on some
Completed Contract Method Permitted for Grading and Soil Compaction
In Technical Advice Memorandum (TAM) 201650014, the IRS has determined that long term contracts requiring grading and soil compaction qualify for the completed
Postcard from the AICPA Construction and Real Estate Conference
Last week, the AICPA hosted its annual Construction and Real Estate conference in Las Vegas, welcoming over 1,000 attendees. I was fortunate to participate,
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