Construction & Related Services

AICPA Addresses Three Revenue Recognition Implementation Issues

-by Andrew de Labry, CPA In May 2014 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), which outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers. The ASU supersedes and replaces nearly...

Even in Good Times Watch Overhead

Watch Overhead, manage Overhead

By almost every indicator, now is the time for construction businesses to be gearing up for growth and, ironically, keeping an eye out on overhead. For example: The U.S. Department of Commerce expects total annual construction spending in the U.S. will top $1.19 trillion in 2017. This is up more than...

June 2017 Construction News Brief

Are Changes in Store at OSHA? The change of administrations in Washington, D.C., has triggered many questions over the future direction of the Occupational Safety and Health Administration (OSHA). The worker safety agency has always focused closely on the construction industry, which accounted for 21.4 percent of all fatal workplace...

OSHA’s Top 10 Violations and “Fatal Four” Hazards

Roofer, OSHA Violations and Hazards

Focus on Safety According to the U.S. Bureau of Labor Statistics, a total of 4,379 fatal workplace injuries were recorded in private U.S. industry in 2015. One out of five deaths — or 937 of them — occurred in the construction industry. This represents a slight increase over the previous...

Are Changes in Store at OSHA?

Work Injury Claim, OSHA Reporting

The change of administrations in Washington, D.C., has triggered many questions over the future direction of the Occupational Safety and Health Administration (OSHA). The worker safety agency has always focused closely on the construction industry, which accounted for 21.4 percent of all fatal workplace injuries in private industry in 2015....

March 2017 Construction News Brief

Captive Insurance Three Recent Developments to Watch In recent years, captive insurance companies have been attracting more and more attention in the construction industry. A number of companies have expressed interest in both the risk management advantages and potential tax benefits of forming a captive. If you are considering forming...

New OSHA Electronic Reporting Requirement

A new workplace injury reporting rule from the Occupational Safety and Health Administration (OSHA) will directly affect a number of contractors. The new rule requires many employers to electronically submit information about workplace injuries and illnesses to an OSHA-operated website — and the deadline for the first submission is only...