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Category: Contractor Chronicles

How the New Limitations on Business Interest Deductions Will Impact Contractors

Before passage of the Tax Cuts and Jobs Act, payments of business interest expense to a lender were fully deductible. Effective for tax years beginning after December 31, 2017, businesses will have limited ability to deduct its interest expense unless they can meet special criteria that would allow them to avoid the limitation. In this […]

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The Demand for Green Industrial Buildings Continues to Grow

The rise of sustainable industrial facilities continues to grow, according to recent survey results from the World Green Building Trends 2018 SmartMarket Report. The US Green Building Council (USBG) recently partnered with Dodge Data and Analytics to talk to 2,000 building professionals including architects, contractors, consultants, developers, engineering firms, and investors about green building activity. […]

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Strategic Planning for Construction Firms

Construction and Engineering firms looking to grow and thrive in uncertain times need to prepare for multiple economic scenarios, learn how to leverage technology and innovation, promote (and improve) their unique culture and attract the right talent. To ensure a firm is heading in the right direction, firm owners need to design and implement a […]

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4 Simple Steps for Improving Your Cash Flow

Businesses looking to guarantee profitability need to make positive cash flow one of their top goals. This advice is especially important for contractors. While profit is one of the most important measures of your financial well-being, short-term gains may not answer immediate needs. Cash-flow concerns for individual projects can spur the need for financing thus […]

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