Welcome to the last issue of Contractor for 2022! This issue includes articles on a wide range of topics including strategies to combat inflation, sales and use tax, fraud and how technology plays a role in construction.

Articles:

• Build up your defenses: 9 cash-flow strategies to combat inflation
• Managing your exposure to sales and use taxes
• Occupational fraud continues to hit construction hard
• Is it time to hire a construction technologist?

We hope you enjoy this edition of Contractor. As always, if you have questions on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants.

DISCLAIMER: The WM Daily Update, WM Wednesday Wisdom, Newsletters, COVID-19 Business Resources and COVID-19 Client News Alerts and other related communications are intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.

Welcome summer! For those who work in the construction industry, you are familiar with drastic weather changes during July and August as well as the disruption it can bring. In the current issue of our Contractor newsletter, we provide topics and solutions aimed at reducing disruption in other parts of your business.

The cover story, “Build stability and value into your succession plan,” focuses on putting a solid succession plan in place to reduce disruption during the transition.

Other articles include:

• Proper accounting for change orders makes all the difference
• What is bonding capability, really?
• 6 ways to fortify your cybersecurity defenses

We hope you enjoy this edition of Contractor. As always, if you have questions on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants.

DISCLAIMER: The WM Daily Update, WM Wednesday Wisdom, Newsletters, COVID-19 Business Resources and COVID-19 Client News Alerts and other related communications are intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.

The most recent issue of Contractor is now available. This month, the cover story focuses on infrastructure projects. In this article, a review of the bidding methods for federal contracts is provided. With the signing of the Infrastructure Investment and Jobs Act in late 2021, things are looking up for federal construction projects making it the perfect time for a refresher on bidding methods.

Articles in this edition include:

• Infrastructure projects: A review of bidding methods for federal contracts
• A good idea: Buy-sell agreements
• Strategize to manage materials and labor costs
• Should you invest in custom software?

As always, if you have questions on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants.

To read this issue of Contractor, click here.

DISCLAIMER: The WM Daily Update, COVID-19 Business Resources and COVID-19 Client News Alerts and other related communications are intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.

Can you believe this is the last issue of Contractor in 2021? As the year comes to a close, our cover story is about Entity choice: Limited partnerships and limited liability companies. 

Additional articles in this issue include:

• Assess the risks before jumping into an M&A deal
• Eight ways to run a leaner construction company
• Bits, bytes and building: The latest on BIM

To read this issue of Contractor, or to download a pdf, please click on the appropriate link below.

DISCLAIMER: The WM Daily Update, COVID-19 Business Resources and COVID-19 Client News Alerts and other related communications are intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.

As always, if you have questions on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants.