Pros and Cons of Renting Equipment

Pros and Cons of Renting Equipment

Careful management of equipment needs is critical if contractors are to remain profitable and competitive. Part of that process involves deciding whether to buy or rent construction equipment. Before making a decision, you may wish to consider the following factors....
New Overtime Rules

New Overtime Rules

Contractors with office staff will likely be affected by a recently issued rule from the U.S. Department of Labor that increases the salary threshold under which most salaried workers are eligible for overtime pay when they work more than 40 hours a week. The new rule...
Defining “Reasonable” Compensation

Defining “Reasonable” Compensation

You probably assume as the owner of a construction firm that your compensation is nobody’s business but yours. However, since salaries and bonuses are deductible by the corporation, the IRS has an interest in the size of your annual compensation. And, if the...

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