by Jeremiah Wolcott | Construction
In Summary A change order is a written contract modification adjusting a project’s scope, budget, or schedule. They are a common, predictable part of construction that often account for roughly 10% of total contract value, with late-stage design modifications... 
by Krystal Kowall, CPA | Construction, Tax
In Summary To qualify for the Section 179D energy-efficient commercial building deduction, construction must officially begin by June 30, 2026, which can be established via the “physical work test” or by incurring at least 5% of total project costs.... by Jeremiah Wolcott | Construction
In Summary Financial Credibility is the Foundation of Growth: To increase bonding capacity (single-job and aggregate limits), construction companies must move beyond internal reporting to CPA-prepared financial statements that demonstrate strong liquidity, positive... 
by Jeremiah Wolcott | Construction
In Summary Tariffs, including a new 25% duty on all steel and aluminum imports and significant tariffs on China, are expected to drastically increase the cost of essential construction materials like wood (70% from Canada) and lime/gypsum (71% from Mexico), leading to... 
by Krystal Kowall, CPA | Construction, Healthcare, Manufacturing, Oil & gas, Real Estate, Tax
In Summary Expansion of the Employee Plan Compliance Resolution System (EPCRS), effective immediately upon enactment, permits employers to self-correct a wider array of eligible inadvertent plan errors without IRS disclosure, including certain plan loan failures.... 
by Jeremiah Wolcott | Construction, Tax
In Summary The Inflation Reduction Act significantly expands the commercial building energy deduction (Section 179D) starting in 2023, offering a base deduction of $0.50 to $1.00 per square foot, increasing to a maximum of $5.00 per square foot for projects meeting...