On Monday, September 13, 2021, House Ways and Committee Chairman Richard Neal released the first draft of the House Democrats’ tax legislation (including both tax increases and tax relief) they expect to consider as part of the budget reconciliation process, intended to fund key programs under President Biden’s “Build Back Better” program.
Despite the huge national infrastructure bill proposed recently, the construction industry has been slower to respond to the expected turnaround. In addition to COVID-19, other factors are causing problems with the industry’s ability to recover. But how long will it last, and what can you do to protect your company in the meantime?
Sales tax laws are constantly evolving and typically vary by state, making it difficult to stay on top of their complexities and ensure compliance. The construction industry in particular must have a strong grasp on these rules though, as it’s common for contractors to be managing projects and materials across state lines.
As the COVID-19 pandemic continues to dissipate, it’s important for construction companies to implement a proactive and aggressive approach to managing their risk. To protect their overall well-being, business owners must consider whether the vendors and subcontractors they’re working with are able to maintain their position financially, especially as projects and workloads ramp up.
Bennett Thrasher and Kennesaw State University’s (KSU) College of Architecture and Construction Management are proud to share the results of their fifth annual Georgia Construction Outlook Survey. This year’s survey, which focused on COVID-19’s impact on the industry in the state, captured insights and data from over 120 privately-held construction companies, including home builders, heavy contractors, general contractors and specialty contractors.
As the coronavirus pandemic began spreading in earnest throughout the U.S. in early 2020, businesses in every industry found themselves impacted to various degrees. Some, like restaurants, airlines and event venues, experienced severe negative effects. Others, like construction, felt minor impacts early on. As the pandemic shows no sign of easing though, it’s becoming apparent that things could get troublesome in the months ahead.
Bennett Thrasher, one of the largest full-service public accounting and consulting firms in the country, has been selected by Construction Executive (CE) for its annual list of The Top 50 Construction Accounting Firms in the U.S.
The coronavirus (COVID-19) pandemic has already had a major impact on the U.S. economy, and certain industries – including construction – are among the hardest hit.
Bennett Thrasher and Kennesaw State University’s College of Architecture and Construction Management are proud to share the fourth annual Georgia Construction Outlook Survey results. The survey captures insights and data from over 100 privately held construction companies in Georgia, including home builders, heavy contractors, general contractors and specialty contractors.
The third annual Georgia Construction Outlook Survey indicates that labor shortages and reliability from sub-contractors continues to be a looming concern for 83 percent of the state’s privately-held construction companies. The survey was conducted by Bennett Thrasher, one of the country’s largest full-service public accounting and consulting firms, in collaboration with Kennesaw State University’s Department of Construction Management.