Cherry Bekaert LLP (“the Firm”) today announced it has reached an agreement to transfer ownership of its Asheboro, N.C, office to LBA Haynes Strand, PLLC, effective July 31, 2019. The announcement aligns with Cherry Bekaert’s strategy to establish greater specialization and depth in larger markets. After conducting extensive due diligence, Cherry Bekaert determined that LBA Haynes…
AIA to Enhance Tax Services to Members
The American Institute of Architects (AIA) is forming a new partnership with Engineered Tax Services, Inc. (ETS) to help architects better utilize federal, state and local tax incentives, including 45L credits, research and development (R&D) tax credits, Historical Tax Credits, and the Energy Efficient Commercial Building Deduction (Section 179D). “Depending on the project, architecture firms…
Making Tax Deductions Permanent Will Expand Economic Growth, Says ABC
According to Associated Builders and Contractors, the U.S. construction industry is still benefiting from the Tax Cuts and Jobs Act, which has helped small business owners grow their companies and workforce since its passage in December 2017. On Tax Day, ABC called on Congress to make the individual and pass-through small business deductions permanent—currently scheduled…
Marcum Commercial Construction Index Reports Strong 2018 for Nonresidential Construction
Against the backdrop of record continued strength in the U.S. economy, nonresidential construction ended 2018 up 4.0 percent year-over-year for the month of December, while employment in the sector grew 2.6%, reports the Marcum Commercial Construction Index for the fourth quarter of last year. The index is produced by Marcum’s National Construction Services group. The…
Views from the Salute to the Design and Construction Industry Sponsors
Once again this year, three leading design and construction industry service providers have teamed to sponsor the Salute to the Design and Construction Industry. The GroundBreak Carolinas’ staff had three questions for each of this year’s sponsors: BB&T Construction Risk Services What are the key trends impacting your business (or client’s business)? Construction project financing…
The Tax Cuts and Jobs Act: Top 10 Focus Areas for Carolinas Contractors
On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was signed into law. The most sweeping tax change since 1986, the Act is intended to encourage economic growth and bring back jobs and profits from overseas by reducing corporate tax rates and providing other incentives. While it may be too soon to…
McCrory Construction’s Becky Brown Earns CCIFP Designation, Promoted to Controller
Columbia, South Carolina — McCrory Construction is pleased to announce that Becky Brown has been promoted to Controller. Brown recently became a Certified Construction Industry Financial Professional (CCIFP), joining an elite group of professionals nationwide. The CCIFP credential gives special recognition to individuals in construction financial management who demonstrate skill and proficiency in their field…
Four Ratios that Guide the Performance of your Construction Business
Financial indicators such as the liquidity ratios, leverage ratios, efficiency ratios and profitability ratios can be used to gauge the performance of your business. With the analysis of these ratios, you will be able to make the informed and right decisions for your business. The following are the top four types; Liquidity Ratios These are…
Construction – Top 10 List of Provisions Included in 2017 Tax Reform
The last major tax reform legislation was passed in 1986. Since then, the tax rules – Internal Revenue Code amendments, regulations, procedural guidance and court case law – have morphed into a complex system for taxpaying contractors. The recently signed bill is a significant modification to the existing system and the consensus is clear. Most…
CFMA to Hold South Carolina Statewide Initiative
Ring in the New Year with expertise and advise. The Construction Financial Management Association (CFMA) will be holding a South Carolina Statewide Initiative on January 18 at Williams-Brice Stadium in Columbia, SC. The program features a range of speakers on topics including tax reform, human resources, and economic development. The event will be held from 11:00…
More Accounting
Cherry Bekaert Transfers Asheboro, N.C., Office Ownership
Cherry Bekaert LLP (“the Firm”) today announced it has reached an agreement to transfer ownership of its Asheboro, N.C, office to LBA Haynes Strand, PLLC, effective July 31, 2019. The announcement aligns with Cherry Bekaert’s strategy to establish greater specialization and depth in larger markets. After conducting extensive due diligence, Cherry Bekaert determined that LBA Haynes…
AIA to Enhance Tax Services to Members
The American Institute of Architects (AIA) is forming a new partnership with Engineered Tax Services, Inc. (ETS) to help architects better utilize federal, state and local tax incentives, including 45L credits, research and development (R&D) tax credits, Historical Tax Credits, and the Energy Efficient Commercial Building Deduction (Section 179D). “Depending on the project, architecture firms…
Making Tax Deductions Permanent Will Expand Economic Growth, Says ABC
According to Associated Builders and Contractors, the U.S. construction industry is still benefiting from the Tax Cuts and Jobs Act, which has helped small business owners grow their companies and workforce since its passage in December 2017. On Tax Day, ABC called on Congress to make the individual and pass-through small business deductions permanent—currently scheduled…
Marcum Commercial Construction Index Reports Strong 2018 for Nonresidential Construction
Against the backdrop of record continued strength in the U.S. economy, nonresidential construction ended 2018 up 4.0 percent year-over-year for the month of December, while employment in the sector grew 2.6%, reports the Marcum Commercial Construction Index for the fourth quarter of last year. The index is produced by Marcum’s National Construction Services group. The…
