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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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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Precatory Language?
Wishing. Hoping. Wanting. These words convey suggestions, but not direct orders: they are precatory, and therefore not generally useful in official estate planning documents like wills or trusts, which demand absolute clarity. Nonetheless, attorneys…
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In Demand: Trade Partners
Construction of manufacturing facilities has been trending up. The $39 billion allocated by the CHIPS Act to build semiconductor manufacturing plants means the boom is likely to continue. With demand high, big builders are…
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