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, …

2019 Economic Forecast for NJ Developers, BuildersMarch 7, 2019

Real estate developers and builders are strongly affected by economic conditions. As one of the only NJ accounting firms with a practice dedicated entirely to A/E/C accounting, The Curchin Group closely follows national and regional housing trends to help developers, builders, general contractors, architects and engineers make informed financial decisions and overcome the unique challenges …

Doing More with the SameSeptember 6, 2017

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By: William C. McNamara, CPA, CCIFP®, The Curchin Group, LLC Article Credit: Utility & Transportation Contractor Magazine Doing more with the same is one of the fastest ways to improve efficiency and profitability. In some form or fashion every contractor understands this premise as it relates to the job site. But the same principle can …