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 »

A Fresh Look At The 20% “Pass-Through” Deduction

The new 20% “pass-through” deduction can be a valuable tax break for construction businesses organized as sole proprietorships or pass-through entities. But the deduction comes with complex limits and restrictions. This article takes a fresh look at the tax break in light of proposed regulations. A sidebar warns of antiabuse rules that could trip up… Read more »

How manufacturers can prevent cyberattacks

Malicious hackers target all types of businesses. But manufacturers that rely on automation, robotics and connected networks are especially vulnerable to cyberattacks. Here’s what you can do to protect your manufacturing business. Know your risks It’s only natural that manufacturers fear data breaches — and unfortunately hackers often can use that fear to cripple organizations… Read more »

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 »