According to Carr, Riggs, & Ingram, CPA’s, last year, congress passed legislation that would expand the mandatory filing of Form 1099. The provisions to do so were found in last year’s Patient Protection and Affordable Care Act (PPACA), and the Small Business Jobs Act (SBJA). What would you call a bill that would streamline the […]
We could speculate, but it is probably better to go right to the source for the answers. Here’s a link to the FDIC explanation of coverage for you. Give us a call if you have any questions.
Construction material prices had the largest monthly increase since July, 2008. Oil prices rose 14.8% in the month of March. Iron and steel prices also rose steeply during the month. According to the Associated Builders & Contractors’ economist, construction materials rose 4 percent over the past three months. Construction materials rose 6.9% over the past […]
In the event of a shutdown of the Federal Government at midnight on April 8, 2011, please be advised that the processing of applications and claims in the Prior Approval Surety Bond Guarantee Program, and the processing of claims in the Preferred Surety Bond (PSB) Guarantee Program, will be suspended for the duration of the […]
Ask today to have your representative or senator co-sponsor H.R. 674 and S. 164 to repeal an unfair and unwarranted withholding mandate.
In Less Than 40 Weeks, Federal, State, and Local Governments will be Forced to Withhold 3% From Every Payment to Contractors for Taxes! This withholding will often exceed the total tax liability for the […]
Have you noticed how many difficulties in construction relate to broken relationships rather than poor construction?. At the heart of so many heated matters is a personality conflict. The pain is revealed in all the letter writing and posturing. Often, one who may feel he was not treated with respect now demands respect in the […]
It depends on whether or not it is a public (255.05) project or a private (713.23 or 713.245) job. If it is a public project, the statutes allow for some leeway on when you can file a lawsuit for retainage.
On a public job, a claimant can sue for retainage within one year of performance if […]
Being in the construction business can be rough even in the good years. There is so much that can go wrong on a job. But now, in this time when there is so little work and so many contractors, it is especially tough on contractors. Banks are pulling their financing on projects. Banks are not […]
If you watch America’s Funniest Home Videos, an awful lot of the humor is some poor fellow slips and falls. If you have ever been sued by someone claiming a slip and fall on your construction site, you realize that this is not funny at all. Certainly, if a contractor negligently maintains his job site […]