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Construction
Todd Lucas | 11.20.2015

Measuring the Impact of the Panama Canal Expansion

Originally built over 100 years ago, the Panama Canal’s $5.25 billion expansion is nearing its completion. The long-anticipated expansion project

Business Combinations: The Simplification with Accounting Standard Update (ASU) No. 2015-16

The Financial Accounting Standards Board just released Accounting Standards Update (ASU) No. 2015-16 – Business Combinations – Simplifying

Where Did All of the Skilled Laborers Go? Residential and Commercial Contractors In Need of Skilled Labor

The housing market, which had played a prominent role in crippling the economy back in 2007 through 2009, has since seen favorable trends over the past

Construction Spending Hits Seven-Year High

Construction spending in July 2015 improved to the highest level since May 2008, according to the U.S. Census Bureau of the Department of Commerce. Based
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Are Wearables Coming to the Construction Industry?

In the past few years, technology has dramatically changed the landscape of the construction industry. The advent of smartphones, tablets and mobile Wi-Fi

Ninth Circuit Decision Raises the Home Mortgage Limit on Property That is Co-Owned by Unmarried Individuals

The Ninth Circuit Court of Appeals recently reversed a Tax Court decision (Voss v. Commissioner) and concluded, contrary to the Internal Revenue Service’s

Construction Loan Initiation and Borrowing Costs: Capitalize or Expense?

Determining the cost basis of new construction is not as straightforward as it seems. In addition to direct costs, indirect costs may also be required

Purchasing or Selling a Beach Home in Florida

In a recent Tax Court Memorandum decision (TC Memo 2015-95), a married couple was not entitled to deduct a loss on the sale of a seasonal home because
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Home Builders and the Completed Contract Method of Accounting

For tax purposes, large construction contractors are generally required to utilize the percentage-of-completion method of accounting to report taxable
Construction
Todd Lucas | 7.16.2015

Construction Spending Figures Announced

On July 1, the U.S. Census Bureau of the Department of Commerce released its May 2015 construction spending figures, and overall, the news is positive.
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