Many contractors don’t fully take advantage of their best tool, WIP, sometimes waiting until year-end to thoroughly review and clean up WIP schedules.
A new savings vehicle—known as “Trump Accounts”—is set to launch July 4, 2026, offering families another way to build long-term financial security for their children. Created as part of recent federal tax legislation, these accounts are designed to provide a head start on investing and wealth accumulation.
Beginning in 2026, the IRS has increased the Form 1099‑NEC reporting threshold for independent contractors from $600 to $2,000.
To stay competitive, construction leaders must adapt to these changes while addressing long-standing challenges. Here are five surprising trends shaping the industry this year:
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A recently released article by BKR details some of the significant tax policy changes the Trump administration may bring. The article is based on statements
