Is your accounting software living up to the hype?

Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on being comprehensive accounting information systems — depending on the price point, of course. So, is your accounting software living up to the hype? If not, there are a couple of relatively simple steps you can… Read more »

YHB Construction Industry Quarterly Update – August 2019

With summer coming to a close, and fall right around the corner, most contractors are working at a hectic pace, and have all the work they can handle. In this edition, we’ll take a look at the statistics on construction backlog, and also examine what the industry is doing to keep up with technology changes…. Read more »

Watch out for joint employer rule

There’s no getting around it: Construction is an inherently collaborative enterprise. Many, if not most, projects involve a variety of contributors. But therein lies a danger. Contractors who exercise control over the employees of subcontractors or other parties — or reserve the right to exercise such control — risk being ensnared by the so-called “joint… Read more »

Being A Strong Leader | Great Leadership Is An Invaluable Tool

How often do you challenge your personal leadership skills? Why is this important to your organization? Surveys have shown that great leadership is an invaluable tool in retaining top talent. What is Leadership? Leadership involves motivating a group of people to pursue a common goal, or to accomplish a shared task. We frequently think about… Read more »

Final pass-through deduction regs offer welcome guidance

In January, the IRS issued final regulations under Internal Revenue Code Section 199A. Owners of construction companies organized as pass-through entities should take a close look at the regs with their CPAs. This article recaps the pass-through deduction and offers up some highlights of the regs that are of interest to contractors. In January, the… Read more »

Could a captive insurance company suit you?

A captive insurance company is an insurer established to provide coverage to the company or companies that own and control it. Contractors looking for an ambitious way to control insurance costs and customize coverage should explore the concept. This article explains the workings and benefits of captive insurance while noting its risks. A sidebar looks… Read more »

Construction Industry Update | Q1 2019

There’s a cold winter chill in the air, but don’t let that dampen your spirits as we roll into 2019.  With the first two months of the year in the books, contractors are likely beginning to mobilize for a busy spring season.  Thanks for taking a few minutes to join us for YHB’s first quarter… Read more »

Mixed reality: The next BIM thing in construction tech?

Building information modeling (BIM) is one of the most important technological developments in construction history. But BIM doesn’t sit still; it keeps evolving. This article looks at the next BIM thing — mixed reality, which combines virtual reality with the real-world construction site. Building information modeling (BIM) is one of the most important technological developments… Read more »

Steel yourself against rising materials prices

Tariffs on steel and aluminum have recently contributed to an increase in materials costs. But there are many other factors that can cause prices to escalate. This article suggests some ways that contractors and subcontractors can manage the risk. Tariffs on steel and aluminum have recently contributed to an increase in materials costs. There are… Read more »

Following the fundamentals of employee retention

On a nationwide basis, construction businesses face a great challenge in hiring and retaining skilled workers. This means that, if a contractor currently has good people on board, he or she needs to keep them. This article reviews some employee retention fundamentals, including competitive compensation and regular feedback. Following the fundamentals of employee retention The… Read more »