The EFA Company Blog
Contractor Controlled Insurance May Suit Some Growing Companies
Most business owners aren’t content with running a small company. They want to see that operation grow and grow to become a major player — if not the dominant player [...]
Attract and retain talent with equity-based compensation
Construction is a competitive industry. And contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other skilled workers. To combat this [...]
Should You Reconsider Your Business Entity Choice?
The Tax Cuts and Jobs Act (TCJA) slashed federal corporate income taxes from a top rate of 35% to a flat rate of 21%. As a result, many construction company [...]
Failing to properly complete Form I-9 can be costly
In recent years, the U.S. Immigration and Customs Enforcement (ICE) agency has focused its attention on construction companies and other businesses that rely heavily on foreign workers. And the agency [...]
6 Tips for More Effective Change Orders
In the construction industry, change orders are a fact of life. The trick is making them a profitable one! Managing change orders wisely can make the difference between a successful [...]
Waivers of Subrogation: Are you Really Protected?
It’s common for a construction contract to contain a “waiver of subrogation” provision under “insurance requirements.” Unfortunately, these provisions are widely misunderstood. Although they’re designed to shield owners, contractors and [...]
Cross-Training Can Help Mitigate the Contractor Labor Shortage
It’s an unfortunate fact of life that shows no signs of diminishing soon. The construction industry continues to struggle with a shortage of skilled labor. Many contractors find themselves sorely [...]
4 Accounting Alternatives that May Reduce Financial Reporting Costs
Consider a Different Route Many privately held construction companies prepare audited financial statements that comply with Generally Accepted Accounting Principles (GAAP) as established by the Financial Accounting Standards Board (FASB). [...]
A Contractor Controlled Insurance Program May Suit Growing Companies
Most business owners aren’t content with running a small company. They want to see that operation grow and grow to become a major player — if not the dominant player [...]
Attract and Retain Talent with Equity-Based Compensation
Construction is a competitive industry. And contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other skilled workers. To combat this [...]