The federal contractor minimum wage is slated to increase to $15 per hour in early 2022. President Biden issued an Executive Order on April 27, 2021, to raise the federal contractor minimum wage from the current $10.95 per hour to $15 per hour beginning January 30, 2022.
The New York State Senate and Assembly have passed Bill S2766, making construction contractors liable for wage violations committed by subcontractors. It is now awaiting the Governor’s signature.
Bob Teska, CPA, CCIFP, Partner-in-Charge: Construction Services recently joined three colleagues from Reagan Companies for the fourth installment of their 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).
In a live webinar put on by Reagan Companies, David A. Ayoub, CPA and Richard P. Smith, CPA, MBA discuss the COVID-19 Relief Bill in depth. Specifically, they cover round 2 of the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC).
Bob Teska recently joined a colleague from CH Insurance Brokerage Services, Inc. to have a discussion centered around how to develop and maintain banking relationships.
Bob Teska, CPA, joins three colleagues from Reagan Companies for a third installment of our round table discussion regarding current construction industry updates.
While PPP funding was thought to be tax-free funding to help navigate COVID-19, the IRS has issued guidance that potentially makes it a taxable event with real cash flow impacts.
If your business experienced a great year despite the pandemic – or even because of it – you may consider changing your accounting methods this year.
Bob Teska, CPA, joins three colleagues from Reagan Companies for a second installment of our round table discussion regarding current construction industry updates.
Indirect costs can have a substantial impact on a construction company’s financial picture and bottom line. But they’re not always easy to see.