2026 Retirement Plan Contribution Limits, Phase-Out Ranges, and Income Limits
The IRS has released 2026 inflation-adjusted contribution limits, phase-out ranges, and income limits for various retirement accounts. (IRS Notice 2025-67) Contribution Limits 401(k), 403(b), and most 457 plans — For 2026, an individual can contribute $24,500 to a 401(k), 403(b), … Read more…
Contractors: How’s your succession plan coming along?
A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% of contractors who responded didn’t have an “ownership transition plan” in place. What’s worse, half of the construction business owners surveyed who … Read more…
How contractors can push back against high materials costs
Rising materials costs have become a persistent challenge for construction companies of all sizes. But they hit small to midsize businesses especially hard. Your profit margins can quickly shrink or vanish altogether when the price of lumber, steel, concrete or … Read more…
Research & Development Tax Credit: Recent Law Changes
Recent federal tax legislation has introduced significant changes to the treatment of research and development (R&D) expenses and the associated credit: These changes mean that businesses engaged in R&D (or believing they might be) need to re-examine their expense treatment, … Read more…
EDR bonds offer an intriguing alternative for contractors
Construction projects thrive on momentum. Unfortunately, disputes can derail even the most carefully planned schedules. And while traditional performance bonds provide financial security, they often leave the dispute resolution process open-ended. Expedited dispute resolution (EDR) bonds address this gap. These … Read more…
9 cash flow tips for construction businesses
With tariffs, interest rates and other factors continuing to drive economic uncertainty, cash flow management should be a top priority for construction businesses. Here are nine tips for better maintaining your company’s liquidity: 1. Stay on top of forecasting. Cash … Read more…
6 pertinent provisions of the OBBBA for construction companies
It’s been over a month since the One, Big, Beautiful Bill Act (OBBBA) was signed into law. Now that the dust has settled, construction business owners and their leadership teams can begin to really pinpoint the provisions most pertinent to … Read more…
How construction businesses can establish themselves on social media
For many types of construction companies, visibility is key. There may be multiple competitors in your market that provide largely the same services you do. How can you distinguish yourself from them and gain the attention of key stakeholders such … Read more…
Contractors can calculate KPIs, too
Successful companies of all stripes use key performance indicators (KPIs) to monitor their financial health and spot red flags. Well, you know what? Construction businesses can do it, too. And you should. Let’s review some of the most important KPIs … Read more…
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies
The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that eliminates the requirement for U.S. companies and individuals to report beneficial ownership information (BOI) under the Corporate Transparency Act. Existing foreign companies, however, must still report their … Read more…
