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Recent Downturn in Architecture Firm Billings Accelerates

PSMJ Resources

With the fluctuating economy and the recent downgrade of the country’s debt, it remains unclear what the future will hold for the design industry. More firms buying more insurance. Despite the economic downturn, the majority of firms continue of carry some kind of professional liability insurance. New York Times.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. One way to reduce the risk is to require subcontractors to purchase a bond to reduce your liability for non-performance. GCs can also purchase subcontractor default insurance to reduce this risk. Credibility is the key.

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Tax Reform Impact on Employers and Employees

Revit OpEd

The Tax Bill suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law.

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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Must offer basic health insurance to employees within 180 days of employment. Must offer basic health insurance within 180 days of employment. Insurance Premium Tax Credit 
(36 O.S. § For more information contact the Oklahoma Insurance Department. Company must achieve $2.5M new annual taxable payroll within three years.

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State by State Incentives Guide

Buisness Facilities Contributed Content

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project. The minimum tax is $100.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

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