As a construction business owner, you’re on top of your project plans—but what about your succession plan?  A comprehensive succession plan is a critical part of any company’s business strategy, helping to ensure the continued success of your business even after you leave your role as owner. Why You Need

The new year brings with it new legal requirements for contractors and subcontractors in New York State. On December 30, 2024, Section 220-I of the New York Labor Law went into effect. This new law requires registration with the Department of Labor for all contractors and subcontractors working on public

Understanding and complying with nexus laws is critical for construction companies operating across state lines and within certain municipalities. Nexus determines where a company has state or local tax obligations, which can be triggered by various factors. Once triggered, a company must register its business, collect sales tax, and file

Like so many costs of doing business, insurance premiums have surged in recent years. Storms, inflation, lawsuits, and astronomical awards, plus state laws (a.k.a. the Scaffold Law) are all making New York the most expensive insurance market in the country, especially when it comes to construction. While you can’t control

Last updated on July 23rd, 2024If you bid on or provide services for a public works project, you need to be aware of how prevailing wage and an amendment related to the hauling of aggregate supply construction materials (a.k.a. the 50-mile radius provision) may impact your business effective July 1.

Last updated on June 13th, 2024Everywhere you look, there’s an article discussing how artificial intelligence (AI) is transforming construction. Once reserved for the largest commercial construction businesses, AI solutions are evolving and becoming more accessible to businesses of all sizes. Here’s an overview and some tips on how to get

As a general contractor, you likely have multiple employees at multiple worksites incurring expenses related to meals, communications, travel, accommodations, and more. It’s important to understand your responsibilities and tax-related options for these expenses, and how they impact employees. In general, you can handle expenses using an accountable plan and/or