What is the state of Northeast Ohio’s real estate and construction industries heading into 2019? As we’ve done for over one decade, Skoda Minotti’s Real Estate and Construction Group surveyed industry leaders in our region to learn about their challenges, threats and opportunities.
Skoda Minotti is currently assisting our client in their search for an Accounting Manager with a construction background.
The new revenue recognition standard includes a comprehensive “five-step” process that an entity should consider when assessing revenue recognition on its contracts.
There is great news for certain construction company contractors in the tax reform package. The 2017 Tax Cuts and Jobs Act increases the gross receipts limit to qualify for the small construction contract exception to the percentage of completion method by $15 million.
Given the Tax Cuts and Jobs Act’s complex and far-reaching nature, how can someone endeavor to understand ways in which it may affect their particular industry? For the real estate and construction industry, the Act brings about changes in the realm of personal tax returns, as well as business tax items that require attention.
Skoda Minotti is currently assisting their client in their search for a construction controller.
With the change in the tax law that became effective January 1, 2018, many taxpayers will benefit from lower income tax rates beginning in 2018.
Looking for a risky career? Try being a real estate contractor—it’s one of the riskiest businesses around.
Sureties primarily provide three types of bonds in the construction industry that include varying forms of protection. Often confused with insurance, surety bonds work like a form a credit—a guarantee that the construction company will carry out a contract within all applicable laws and regulations.
Although the construction industry can be quite profitable, it does have a major drawback: in areas where the winter season prevents construction projects from getting started, teams of workers and even entire construction firms have to be extremely careful when it comes to managing their budgets.