Some of the top issues facing construction contractors in 2023 are the economy, supply chain, higher costs, and labor. Opportunities include hiring women and minorities, sustainable building, construction technology, and more.
Construction bankruptcy filings are trending up due to volatility in the supply chain, labor market, and economy. Guaranteed payment, one of the factors affecting contractor cash flow, is now protected in Virginia as it is in North Carolina.
1031 exchanges are a popular tax deferment strategy for real estate investors. Certain scenarios can trigger capital gains tax. Learn what they are and how to avoid these common pitfalls.
Three large pieces of legislation have been passed in the last 15 months with a collective goal of revitalizing and revamping domestic infrastructure, advanced manufacturing, and clean energy. There are many various impacts to the construction and real estate industry.
Construction firm owners and project managers need better solutions to keep pace with a shifting, uncertain market. Automated, AI-powered software tools are powering future-forward construction accounting practices.
2022 proposed changes to the Davis-Bacon Act could have complex implications for federal construction contractors, who are already dealing with prevailing wage requirements from recent legislation.
Construction contractors and other taxpayers can maximize year-end tax planning with the 100% meals deduction, which will be reduced to 50% on January 1, 2023.
Rising interest rates and inflation are impacting the residential housing market, but to what degree? The market is volatile and uncertain in every sector from existing and new homes and home improvement to multi-family construction.
The U.S. faces an affordable housing crisis in both residential and multi-family real estate. What led to this point and how are different solutions tackling the issue?
The CHIPS Act was signed into law on August 9, marking a multi-year, $280 billion investment in advanced manufacturing and technology. The construction industry – and Virginia – stand to benefit in more ways than one.
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