17 states are cutting income taxes this year
Construction Dive
JANUARY 8, 2024
Among the states with lower tax burdens is Arkansas, where corporate income tax rates are dropping to 4.80% this year from 5.30%.
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Construction Dive
JANUARY 8, 2024
Among the states with lower tax burdens is Arkansas, where corporate income tax rates are dropping to 4.80% this year from 5.30%.
Construction Business Owner
SEPTEMBER 21, 2023
They know they must be able to generate an income statement (P&L), pay the bills, prepare payroll, collect receivables and take care of other accounting tasks. But what else?
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Pro Builder
NOVEMBER 10, 2021
Rising Home Prices Outpace National Household Incomes. High home prices and a drop in median household income are creating a less affordable market for buyers. A drop in median household income is pushing many would-be buyers out of the market, where home prices are steadily increasing. Wed, 11/10/2021 - 10:18. Financials.
Construction Business Owner
DECEMBER 30, 2014
It also has advantages for the worker, such as the ability to quickly find a source of income. Employing temporary workers has advantages for the employer, including the ability to scale staffing levels quickly.
Construction Business Owner
NOVEMBER 9, 2023
ccapoccia Thu, 11/09/2023 - 10:25 Equipment, machinery and vehicles are essential tools to nearly all contractors and continue to be a significant expense on most of their income statements. What Is Your Equipment's True Cost?
Construction Business Owner
DECEMBER 11, 2016
As a business coach, I see numerous contractor income statements every year. 1 challenge many contractors face is profit shrinkage or profit margin fade. This recurring problem appears when final construction job cost comes in higher than the bid or contract project budget.
Construction Marketing
APRIL 5, 2023
Real Estate Investment Trusts (REITs) are owners, operators, and financers of income-generating real estate properties. The primary purpose of a REIT is to generate income for its investors through rental income, capital gains, or both. As such, it may lead to higher rental income and property values.
Construction Business Owner
JANUARY 23, 2023
Reducing income taxes through effective planning is one way to put cash back into contractors’ pockets. Tips for Maximizing Your Savings During Tax Season ccapoccia Mon, 01/23/2023 - 15:26 With supply chain dynamics, inflation and rising material costs, contractors are experiencing heightened pressure on their margins.
Pro Builder
FEBRUARY 9, 2022
Incoming NAHB Chairman Jerry Konter on Regaining a Culture of Membership. Wed, 02/09/2022 - 11:41. The National Association of Home Builders’ new chairman is ready to tackle the home building industry’s challenges and attract a more diverse community of members to the association. Rich Binsacca.
Construction Equipment
FEBRUARY 8, 2021
Net income of $187 million and adjusted net income of $432 million. CNH Industrial reported consolidated revenues of $8.5 billion (up 10 percent). Financial results presented under U.S. GAAP “CNH Industrial delivered solid results in Q4, ending 2020 with year-over-year profitability improvements…
ENR Construction
FEBRUARY 23, 2024
The specialty contractor also reported solid revenue growth year over year, to $20.9 billion from $17 billion for 2022, noting a significant rise in renewable energy-related work.
ENR Construction
FEBRUARY 23, 2024
The specialty contractor saw solid revenue growth year over year, including a significant rise in renewable energy-related work.
Construction Dive
FEBRUARY 29, 2024
Incoming chief Leslie Duke said the fresh roles and promotions will bolster the Kansas City-based contractor as it takes advantage of infrastructure opportunities.
Business Facilities
JULY 12, 2021
Henderson—Nevada’s second-largest city—has the highest per capita income of any city in Nevada, 19 percent higher than the U.S. Read: Nevada: The Forecast Calls For Sunshine And Growth at BusinessFacilities.com.
ENR Construction
NOVEMBER 12, 2024
Engineer-contractor giant cited project impacts and less-than-expected energy business earnings, but market watchers see areas of growth next year.
BD+C
JUNE 29, 2020
MBH Architects, in collaboration with Jon Worden Architects, has designed a new affordable housing project that provides low-cost rentals low-income families and seniors in the heart of Sonoma County.
Construction Marketing
JANUARY 24, 2022
This also means that employers don’t have to withhold income taxes, pay unemployment taxes, or withhold and pay Medicare and Social Security taxes. is the way their annual income is reported. If the independent contractor pays their own premiums, they may qualify for a deduction from their income on their taxes.
Pro Builder
OCTOBER 25, 2022
According to the Department of Housing and Urban Development (HUD), renters who spend more than 30% of their pre-tax income are cost-burdened by their housing. Instead, it recommends a rent-to-income ratio of less than 30%. . Using HUD’s guidelines, SmartAsset examined the income needed to pay rent in the 25 largest U.S.
Construction Equipment
MARCH 31, 2021
President Biden will unveil an eight-year, $2 trillion infrastructure plan that will be paid for with higher corporate income taxes. Two construction equipment groups offered initial support for the plan, although concerns about tax increases came from the manufacturing side. What Biden's…
Construction Equipment
APRIL 20, 2021
Net income for the year was about $501 million, down from about $726 million in 2019. Family-owned Liebherr Group posted sales of approximately $12.5 billion in 2020, down 12 percent from the approximately $14.2 billion it recorded in 2019. Net profit was about $8.4 million, down from about $517…
Pro Builder
APRIL 19, 2023
Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.
Pro Builder
SEPTEMBER 17, 2021
A recent Realtor.com report found buyers put down 21% of their household income before taxes toward monthly mortgage payments in May. share of income over the past decade, but remains within the affordable range. The affordability zone for housing is anything less than 30% of the buyer's income. It’s higher than the previous 19.6%
Construction Equipment
NOVEMBER 2, 2020
Net income of… Fleet productivity decreased 8.0 percent year-over-year, reflecting the impact of Covid-19 on volumes; fleet productivity improved sequentially by 560 basis points, primarily due to better fleet absorption.
Contractor Bookkeeping
MARCH 1, 2024
However, keeping track of the finance side of the business– everything from income to expenses to tax compliance– can be overwhelming. Many small construction business owners tend to handle their accounting and bookkeeping, especially when they've just started.
Construction Business Owner
AUGUST 26, 2015
They all want to grow, earn high profit margins, retain great customers, be organized and in control, have a responsible management team, own income-producing investments and, after all that, have the time to enjoy the benefits of their hard work. Most construction business owners have the same goal.
Pro Builder
DECEMBER 28, 2021
Of SmartAsset’s 50 fastest growing metropolises in the nation, six Northwestern cities finished in the top 10, according to The New York Times , though Murfreesboro, Tennessee came out on top thanks to its minuscule unemployment rate and fast-growing median household income. One was its August 2021 unemployment rate of just 3.4 percent.
Pro Builder
FEBRUARY 15, 2022
gap between local and migrational budgets, followed by New York City, where incoming buyers had 26.5% As remote work became permanent for a growing number of Americans in 2021, higher-income buyers were able to expand their home searches, and many flocked to the most in-demand cities offering greater affordability.
Pro Builder
MARCH 10, 2021
The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based on their income. Based on this, the minimum income required to purchase a $100,000 home is $22,505. The largest section of the pyramid shows 21.2 In 2021, about 21.1 million households in the U.S.
Contractor Bookkeeping
OCTOBER 15, 2021
Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. But there are essential things to consider before adding to your income streams. If you're looking to grow your construction business, you might consider expanding your service offerings.
BD+C
SEPTEMBER 2, 2020
Home Street Residences, a 75,000-sf low-income housing development, was conceived primarily for seniors, but also includes a community space with a teen support and video gaming center.
Pro Builder
APRIL 3, 2023
That's due, in large part, to a widening affordability crisis hurting aging, low-income renters First-time homebuyers in America are older than ever before, especially as competing buyers with all-cash offers make it difficult for older, low-income renters to save up enough money to buy a home.
Contractor Magazine
FEBRUARY 2, 2024
Defendants allegedly falsely claimed personal expenses, including Disney World vacation, clothing, purchase of homes and a yacht, were business expenses.
Construction Equipment
NOVEMBER 30, 2020
Net income was down 15 percent for the year: $2.8 Fiscal 2020 sales and revenue for Deere & Co. were 9 percent below 2019 figures, registering $35.5 billion compared to $39.3 billion last year. billion versus $3.3 John Deere delivered another quarter of strong performance and a solid…
Contractor Bookkeeping
APRIL 28, 2023
Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. Inflows for your Construction Company primarily come from selling goods or services to your customers, but keep in mind that inflow only occurs when you make a cash sale or collect on receivables.
Pro Builder
MAY 6, 2022
A leading example of a statewide decarbonization program targeting multifamily properties with low-income residents is California’s Low-Income Weatherization Program (LIWP), one of the largest building electrification efforts in the United States.
Construction Equipment
NOVEMBER 5, 2020
Adjusted net income for… Construction sales, which includes Case Construction Equipment, were down 13.3 percent for the same periods, to $576 million from $664 in the third quarter of 2019.
BD+C
OCTOBER 20, 2023
million homes that are accessible to low-income renters. Nationwide, 60% of all workers earn less than what’s required to afford a two-bedroom rental home, according to a June report by the National Low Income Housing Coalition, which also cited the shortage of affordable housing.
Construction Marketing
NOVEMBER 15, 2022
For example, if you intend to build luxury apartments, your target customers will be comprised of high-income earners. Developing residential and commercial property is an excellent way of earning extra income. The first step to developing land or property and marketing it effectively is conducting market research.
BD+C
AUGUST 4, 2020
The 100% affordable housing project will comprise independent living for a mix of single- and two-person households earning between 50% and 70% of the area median income. Fifteen of the units are reserved for adults with intellectual or developmental disabilities.".
Pro Builder
JUNE 28, 2021
In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. said many people with solid incomes were disqualified from FHA loans because of the way their student loans are currently calculated. “It
Jobsite with Procore
APRIL 6, 2022
Researchers discovered that how much money a person makes has only a modest relationship to their job or income satisfaction. If you’re relying on money as a motivator, you’re likely only getting short-term benefits.
Viewpoint Construction Technology
FEBRUARY 14, 2019
She also noted many of the other former tax provisions and incentives that had been removed in favor of a simpler tax structure for corporations.
Pro Builder
JUNE 1, 2022
Fast-paced rent growth is the result of surging household formation, record-high occupancy, and income growth kickstarted by the 'Great Migration.'. Household incomes also rose 10% year-over-year in April 2022, helping to keep rent-to-income ratios below 30% nationwide. Occupancy rose to 97.6%
Pro Builder
MARCH 1, 2021
The programs serve low income households with income of up to 80% of the area median income. Fannie Mae and Freddie Mac started offering financing for mortgages with a 3% down payment in December 2014, to increase homeownership among households who can afford to pay the monthly mortgage but lack the 20% down payment. Financials.
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