Protecting Profits Amid New Trump Tariffs on Steel and Aluminum
It was announced Monday Feb 10th that President Trump has reinstated 25% tariffs on all steel and aluminum imports, with no exceptions for key allies like Canada, Mexico, and South Korea. Effective March 4, these tariffs aim to level the […]
Connelly vs. United States Decision: What It Is
After Michael Connelly died, his family got an unexpected bill from the IRS for $889,914.
Why? An auditor reviewing Michael’s estate tax return disagreed with the stated value of the shares in Crown C Supply, the company he owned […]
Don’t let the Public Owners hold your money!
Don’t let the Public Owners hold your money!
Some Florida Municipalities may not know that the amount of the allowable retainage was changed effective October 1, 2020. The […]
We recently learned from Withum, CPA’s that the Financial Accounting Standards Board long anticipated new accounting rules for leases is now in effect for nonpublic companies whose fiscal year began after December 31, 2021. In simple terms, most every lease for lessees will no appear on a company’s balance sheet. The present value […]
The November 2021 AGC data shows there’s been an alarmingly large gap between construction input inflation and bid price inflation since April 2020, but it appears the bid price inflation is finally gaining ground. The bid price inflation rate sharply rose from 2.8% in May 2021 to 12% by October 2021. Industry analysts […]
Meet Jaxon! His mom, Account Manager Jenna Delgado, is already teaching him that a good smile goes a long way. We are so happy to have Jenna back! She survived her first week back in the office and away from Jaxon.
Need a Bond? Give us a call today […]
With the new $2.3 trillion US infrastructure spending proposal and the $1.52 trillion 2022 discretionary spending proposal submitted to Congress there will be more contractors looking to take advantage of upcoming opportunities. If public work is new to you there is a lot to consider before bidding – bonding is one of […]
Liberty Mutual Surety provided a great visual breakdown of common factors that lead to contractor failure. They got this data through evaluating a sample of contract surety claim matters over a 10-year period. Elements were identified at the time of the claim and are listed by frequency; there are many cases […]
