Sector Insights: Construction
Fall, 2018

Welcome to  Sector Insights... offering construction industry executives the latest tax, business and financial news affecting your sector. 
And ultimately, your success.

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Contractors optimistic that demand for projects will continue - The latest spending figures show spending growth is widespread across most building categories. But worker shortages could undermine future growth, according to a new survey by The Associated General Contractors of America.
 
The impact of tax reform on construction contractors - The federal Tax Cuts and Jobs Act created several tax incentives of particular interest to construction companies. Author Michael Herzog, writing in Construction Executive, offers an overview of the tax law changes that your company should consider taking advantage of. 
 
Five things you need to know about the pass-through deduction - Lots of business owners are concerned because the deduction may have limitations that make it less attractive. Yes, there are limitations, but not as many as some think - particularly those running smaller companies. Here, according to Inc.com, are five things every business owner needs to know about this important rule.
 
Address new accounting standards now to ensure business stability (via Construction Executive) - The new revenue recognition standards represent a major change in how some contractors report their revenue. The standards are effective for 2019 reporting year, so contractors don't have the luxury of time in implementing the internal processes needed to ensure compliance.
 
The punch list... Many thanks to the Associated Subcontractors of MA for publishing the results of our latest client survey in its weekly member newsletter. Here is a brief summary of the survey's highlights...  Senior Accountant David Leroux attended a summer networking event sponsored by the Future Leaders Committee of the Associated Builders & Contractors of MA. The gathering took place overlooking Boston Harbor at The Daily Catch, Seaport ... Out on the links, a number of RBF staff members took part in both the ABC Annual Golf Outing on June 21st and the annual ASM Golf Tournament on July 16th.
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