Demand for services is cyclical, and can vary sharply from year to year. Proper planning is needed in order to weather the cyclical ups and downs. As a firm headquartered and operating in South Florida for more than 30 years, we are well aware of the areas’ fluctuations and needs.
In June 2024, the IRS released final regulations addressing the prevailing wage and apprenticeship (PWA) requirements for increased clean energy tax deduction or credit amounts. These tax breaks were made available under the Inflation Reduction Act (IRA). Satisfying the requirements can quintuple the total amount of tax benefit potentially available.
Construction businesses are rightly advised to consider a wide array of insurance policies to guard against the financial perils of an industry fraught with risk. Perhaps your company has invested in coverage such as general liability, builder’s risk, workers’ compensation and professional liability. Assuming you’ve got your primary bases covered,
Construction companies have always faced challenges when it comes to cash flow. The difficulty largely springs from the often-lengthy gaps between winning projects, doing the work and receiving payments. As a result, it’s critical for construction business owners and their leadership teams to master the fundamentals of cash flow management.
WEST PALM BEACH
Esperante Building
222 Lakeview Avenue
Suite 1200
West Palm Beach, FL 33401
(561) 798-9988
Fax: (561) 798-4053
FORT LAUDERDALE
The Main
201 East Las Olas Boulevard
Suite 1650
Fort Lauderdale, FL 33301
(954) 333-0001
Fax: (954) 765-0719
