How Will Pandemic Driven Budget Gaps Impact Your Business in 2021

NYS Is Currently Looking at an $8 Billion Budget Cut in 2021 - What Does That Means for Your Construction Company?

Bob Teska, CPA, CCIFP, Partner-in-Charge: Construction Services recently joined three colleagues from Reagan Companies for the second installment of thier round table discussions regarding current construction industry updates. Reagan Companies was represented by Fran Lowther (Bond Manager), Jim McElhannon (Commercial Risk Manager) and Kevin Moteyunas (Commercial Risk Manager). Together, the group covered a wide range of topics pertinent to the current work environment, including:

1) Being Strategic About 2021

  • Bidding
  • Backlog
  • Tax Planning

2) Insurance Market Place

  • Do we finally see a hard market?
  • Expected increases
    • What’s driving the activity?

This video lasts about 23 minutes. If you have feedback or suggested topics please email info@bcpllc.com.

Presenters

Bob Teska, CPA, CCIFP, is a Partner-in-Charge of Construction Services at Bowers & Company CPAs. Reach him at 315-234-8157 or rmt@bcpllc.com.

Jim McElhannon, Commercial Risk Manager – reach him at (315) 673-5333 or jim.mcelhannon@reagancompanies.com.

Fran Lowther, Bond Manager – reach him at (315) 673-5381 or fran.lowther@reagancompanies.com.

Kevin Moteyunas, Commercial Risk Manager – reach him at (315) 673-5307 or kevin.moteyunas@reagancompanies.com.

Bowers & Company CPAs aims to offer helpful information to our clients and friends. Learn more about how we can help should your construction company need accounting and financial services.

Disclaimer: To ensure compliance with requirements imposed by the Department of Treasury, we inform you any U.S. federal tax advice contained in this document or video is not intended for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter that is contained in this document.

Share this article

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Bob Teska

Bob Teska

Bob Teska, CPA, CCFIP, is Partner-in-Charge of Construction Services at Bowers & Company CPAs PLLC. Reach him at 315-234-8157 or RMT@bcpllc.com. Bowers & Company aims to offer helpful information to our clients and friends. Learn more about how we can help should your construction business need accounting services.

Related Articles