Sector Insights: Construction
Summer, 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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Construction spending moves higher on home-building boost  - Building activity in the U.S. jumped more than expected in April, as spending grew 1.8 percent over March, and was 7.6 percent higher than a year ago. Residential construction accounted for much of the industry's robust numbers. 

Tax reform means tax savings for contractors; if you know where to look  - By not considering the implications of recent tax reform provisions friendly to construction-related businesses, you may be leaving valuable tax deductions and credits on the table, writes RBF partner Vinny Botta. 

6 best practices for handling workers' compensation claims - Controlling workers' compensation claims is an ongoing issue for most employers. But each claim raises the potential for a variety of workplace laws to come into play - creating a tangled legal intersection some refer to as the Bermuda Triangle of the workplace. Here are 6 tips for handling your company's WC claims.

Cash flow problems affect nearly 20% of construction companies  - A recent survey conducted by solutions providers TSheets and zlien reports that one in five contractors has a cash flow problem that bleeds over into other aspects of the business. When asked how often they are paid on time, only 8% of respondents said "always." 

The punch list... RBF managing partner Bill Rucci presented a seminar, " What Tax Reform Means to You and Your Business," to members of Associated Subcontractors of Massachusetts (ASM) in late March. Topics covered included bonus depreciation, Section 179 expensing, treatment of net operating losses, deductions and credits, and changes to accounting methods.  
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  RBF is the New England-area affiliate of Russell Bedford International, a leading global network of independent accounting and business consulting firms.