Depreciation: Time For New Tactics
The Bonus Depreciation, a popular tax deduction that was included in the Tax Cut and Jobs Act of 2017, begins its scheduled phaseout in 2023. Financial experts share tactics contractors can implement to “soften…
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Spending More Than Planned: Subcontractors
Labor and materials are costing subcontractors more then expected—lots more. Nonetheless, the majority of subcontractors experienced revenue growth in 2022 and are anticipating growth this year too. Read on for insights from the National…
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Irrevocable Trust?
The thought of not being able to undo a decision is downright scary—and generally more so when it comes to money. So why would anyone want to place assets in an irrevocable trust? Estate…
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Executors: Go Above and Beyond
When a will is made, the creator designates a fiduciary, typically referred to as an executor, to see that it is carried out in accordance with state probate protocols. During probate, it is critical…
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Failure To Monitor Other Fiduciaries
Retirement plan sponsors are not only responsible for their own actions—they are obligated to monitor the other fiduciaries of the plan. Failure to monitor can result in being named personally liable in a lawsuit,…
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Making Defendants Look Dumb?
Lawsuits against 401k plan sponsors are continuing at an “unprecedented pace,” with 2022 second only to the flood 2020 brought on. Attorneys point out that despite some modest signs of courtroom optimism for plan…
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Equipment Spending?
Identifying the right equipment at the right price is always a big decision for contractors and in uncertain economic times making the right choices is even more stressful. On the otherhand, who wants to…
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Public Works: Airports
Among the public work generating action for contractors across the country is the modernization of airports—and not just the most famous ones in the biggest cities. In addition to billions of dollars from the…
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Divvying Up The Estate?
What matters most: equal or fair? Ensuring that adult children all benefit from a share of our assets requires clear thinking—and courageous communication. While it is easy and typical to say each child gets…
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