Why NJ Construction Companies Should Be Thinking GreenSeptember 26, 2022

Construction Companies Should Be Thinking Green

All politics aside, the controversial Inflation Reduction Act is generating big opportunities for construction companies, thanks to the bill’s green initiatives such as reducing foreign oil reliance, incentivizing electric vehicles, and other measures aimed at combatting climate change. All of it requires infrastructure, which requires construction. New Jersey is set to receive its fair share …

Inflation Reduction Act: What’s in It for Construction CompaniesAugust 24, 2022

With the Inflation Reduction Act now signed into law by President Joe Biden, it’s time to wrap our heads around what it means for businesses, individuals, and our country at large. Construction companies, in particular, could see some opportunities stemming from the bill’s focus on green energy, but those opportunities will certainly come at a …

Plenty of Lessons Past and PresentJanuary 3, 2022

Plenty of Lessons Past and Present

By: William C. McNamara, CPA, CCIFP® What lessons and knowledge have we gained in 2021? A great question many business owners should consider. Believing that I have learned way more in hard times than good, 2021 was a very good year for learning. Simply getting it right out of the box has taught me little. …

The CARES Act – Summary of Tax Provision – Updated March 31, 2020March 31, 2020

Dear Clients, Business Associates and Friends: We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. In …

The 5 Keys to a Great Business Relationship with Your AccountantOctober 31, 2019

Construction worker greeting a foreman at renovating apartment.

Maintaining success in the A/E/C industry requires more than simply delivering on projects. Owners have tax planning, compliance, cash flow management, employee benefits, and many other financial controls to put in place alongside estate and succession planning. You need more than number crunching from your accountant, including: 1. Time Your CPA should invest in learning …

The Investment Value of Fixed AssetsJuly 19, 2019

Business man using calculator photo

Contractors, take a look at your balance sheet. Your fixed assets—such as your property, plant and equipment—have been the basis of numerous tax law changes in recent years. They also provide an all-purpose planning tool for you as a business owner. While the new laws allow us to depreciate or write off equipment purchases sooner, …

Wages and Labor: What A/E/C Firms Need to Know Right NowApril 19, 2019

Wages and Labor

New Jersey labor laws are seeing notable changes in 2019, many of which are significant for Architecture, Engineering & Construction (A/E/C) firms to consider. Developers, builders and general contractors are heavily reliant on skilled labor while simultaneously tasked with balancing employee wages, retention and profitability. If you own an A/E/C firm—or any business with employees, …