NYCHA moved to dismiss the actions, arguing that the contractor’s notices were untimely under the contract
An “excess business loss” is the excess of the taxpayer’s aggregate trade or business deductions (determined without regard to the limitation of the provision), over the sum of the taxpayer’s aggregate gross trade or business income or gain, plus the threshold amount which for 2022 is $540,000 for joint returns and $270,000 for any other filing status
NASBP has developed these points about Individual Surety and the proposed MD legislation for you to help educate and to share with your legislators. NASBP’s position is that any insurer, whether a natural person or a corporation, should be subject to adequate oversight and control in the jurisdiction in which it conducts business
NASBP Points Opposing Individual Surety.pdf
In this scenario, the general contractor is responsible to the owner for both the construction and design services, as the contractor is the only one with whom the owner has a contract. Although this may be easier for the owner, the owner may not have a lot of control over the design and the architect's performance since the architect is strictly under contract with the general contractor.
In the post-COVID era, the construction industry continues to grapple with distinctive trends and challenges...Furthermore, we will discuss strategies for contractors to adeptly mitigate the risks inherent in today's construction landscape
05-01-2024 | 02:00 PM - 03:00 PM ET
In North Carolina, any firm or corporation that undertakes to bid upon or to construct a building or other improvement where the cost of the undertaking is $30,000.00 or more must be properly licensed by the North Carolina Licensing Board for General Contractors.
If the project is not completed on time, the owner will lose the benefit of that revenue and the contractor and responsible subcontractors can face liability for that loss of revenue, i.e., consequential damages
The following four phases detail the steps and timing of necessary hurricane preparations for construction businesses to consider: 1
The Bureau of Economic Analysis reports that second-quarter GDP fell 0.9% , while the first quarter declined by 1.6%...“It will change the leveraging look of the construction so surety underwriters will have to address this.”
The amount saved is based on eligible expenses for the credit. In 2015, the PATH Act expanded the credit, allowing businesses and start-ups of all sizes the opportunity to utilize the credit to lower their tax liability