All in all, 2016 was not a terrible year for construction. Our economy is well on its way to recovery from the 2008 recession, but construction starts, which often telegraph the trajectory for future economic growth, showed more modest gains than expected. Total construction projects in 2016 were va...
Month: January 2017
Understanding the Miller Act
In 1935, the Federal Government of the United States passed a statute known as the Miller Act. This act requires that all prime contractors bidding on government projects have bonding secured in the total dollar amount of the project as well as the costs of materials and labor. Under the Miller Act,...
A Strong Relationship with a CPA Is a Powerful Asset for Construction Firms
Too many people treat accounting services as a vending-machine-type interaction. Insert money, tell it what you want, and out pops a completed tax return or structured investment portfolio. These services are undeniably valuable and important, but getting the most out of your accounting relationship...