Construction General
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LEASE Common Denominator
In our fourth installment of our lease series, we discuss discount rate considerations used when present valuing future obligations related to leases. Discount Rate Once the term of the lease is determined, the next logical step is to calculate the amount of the right-of-use asset and lease liability by present valuing the lease payments over […]
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New LEASE on Life
In our third installment of our lease series, we discuss lease term considerations. Lease Term If we follow the wisdom of Confucius, “Life is really simple, but we insist on making it complicated”. As they say though, “the Devil is in the details.” This means, if we don’t pay attention to the little things, we […]
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Construction Inflation Report
Authored by Perry McGowan : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) The last year has been awash with rising prices and supply bottlenecks though some construction areas have been hit harder than others. An obvious example is diesel fuel and gasoline. Prices for these highly visible and easily tracked commodities have risen by one third over […]
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How the Events in Ukraine Could Lead to Increased Cybersecurity Concerns
As the situation in Ukraine continues to develop, one area that could impact U.S. construction companies is the potential for increased cyber-attack activity. Companies should take time to continue to educate their employees of the risk of cyber activity and make sure their systems are protected. For more insights on this topic, please read this […]
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ERC Grants, Accounting Considerations
By now many businesses have applied for and received Employee Retention Credit (ERC) grants. Now you likely have questions regarding accounting for and reporting of these transactions. Accounting Considerations Construction entities who receive ERC grants likely analogies to one of the following accounting alternatives: IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, […]
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Things Have Changed, Pass Through Entity Tax
By now you may have heard that many states have enacted state pass-through entity-level taxes (PTET). We discussed this in a previous blog State Pass Through Entity Election – Is it right for your business? We would now like to explore the accounting treatment for this matter. Accounting Considerations FASB ASC Topic 740 provides guidance […]
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Take Advantage of the 45L Credit for Residential Buildings Through 2021…and Let’s Hope it Gets Extended for 2022 and Beyond
Authored by Patrick G. Risse (Energy Tax Credits : All Construction : Industries : CLA (CliftonLarsonAllen) (claconnect.com) The Energy-Efficient Home Credit, also known as the 45L credit, is currently available through December 31, 2021. We are all waiting and watching to see what happens with the credit’s future for 2022 and beyond. In the meantime, […]
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CLA and Acumatica Launch!
We are excited to announce that CLA and Acumatica have joined forces to deliver a seamless digital platform to the construction industry. Digital transformation has been a priority at CLA and this relationship with Acumatica further delivers on our commitment to our clients to provide updates and insights to the trends in the construction industry. […]
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Tight Job Market for Executives Could Get Even Tighter
Authored by John Duffy, CLA Executive Search Consultant, John.duffy@claconnect.com Even prior to the pandemic it was a very challenging market for C-Suite talent in the construction industry. Occupational data from such organizations as Emsi (See Note 1) was consistently showing the ratio of open C-level construction jobs to filled jobs at 3:1. During the pandemic […]
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Changes to the Business Interest Limitation Could Affect Contractors in 2022
authored by John Werlhof : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) Following the tax reform bill passed in 2017, the deduction for business interest is generally limited to 30% of adjusted taxable income (see CLA article March 2018 Dissecting the Business Interest Expense Limitation : 2018 : Articles : Resources : CLA (CliftonLarsonAllen) (claconnect.com). Depreciation has […]
