Your Contractor’s License: Don’t Leave Home Without It

The notion of starting work on a project without a license may seem unthinkable. But many contractors have run afoul of licensing issues. This article explains how it can happen, including a summary of an actual court case related to construction licensing. Snider v. Dickinson Elks Building, LLC, 907 N.W.2d 397 (ND 2018) The notion… Read more »

Don’t Put Off Creating A Well-Crafted Buy-Sell Agreement

The thought of creating a buy-sell agreement may strike a certain amount of trepidation into the hearts of some contractors. But putting off the creation of a well-crafted buy-sell can put a construction company at risk if unexpected circumstances arise. This article explains the purpose, as well as some of the ins and outs, of… Read more »

Tax planning for investments gets more complicated

For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year end to save taxes. This year, you also need to keep in mind the impact of the… Read more »

Now’s the time to review your business expenses

As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility. At the same time, consider whether your business would benefit from accelerating certain expenses into this year. Be sure to evaluate the impact of the Tax Cuts and Jobs Act (TCJA), which reduces or eliminates many… Read more »

National Manufacturing Outlook Survey

With 2019 just a few months away, we are offering you the opportunity to participate in our annual YHB-LEA Global National Manufacturing Outlook Survey. This project is part of our efforts to serve you as a true strategic business advisor. Your participation will help us help you. This survey is being conducted in association with leading… Read more »

Business interruption insurance can help mitigate disaster

A natural disaster could stop any construction company in its tracks or even put it out of business. For this reason, it’s a good idea for contractors to at least consider business interruption insurance. This article discusses how the coverage works and suggests some good questions to ask when shopping for a policy. Business interruption… Read more »

Securing Your Sedan | Technology Best Practices

Schrodinger’s Backup: “The condition of any backup is unknown until a restore is attempted.” I recently bought a new-to-me (euphemism for ‘used’) car. It is fancy– a term I use loosely given my history of driving pickup trucks or 10+ old cars running on their last few pistons. But this is a 2014 with all… Read more »

Finding Work-Life Balance Through Flexible Work Arrangements

While our core values and community focus have remained intact over our 70 years of business, YHB’s culture has come a long way since its founding. Our industry is changing every day, and in order to recruit and retain top talent, YHB knows it has to adapt in order to support the modern-day job seeker…. Read more »

Should C Corporations be Revisited?

With the recent changes in the Tax Cuts and Jobs Act and C Corporations seeing significant benefits, many have begun to circle back on their entity status. Why were tax rates reduced for C corporations under the new law? To put it simply, they wanted to incentivize the ‘big boys’ who chose to operate overseas… Read more »