We all know how important the well-being of the Great Lakes are to Michiganders. Currently, there is a potential threat of an oil spill that could destroy hundreds of miles of shorelines and damage lakes due to 65 year old twin crude oil pipes that are located at the bottom of the straits of Mackinac.
On Dec. 12, 2018, The Michigan Legislature made a significant change to the Michigan Construction Lien Act, which will take immediate effect, to allow for design professionals, defined as architects, professional engineers, servers, and their subcontractors, to now record liens for design services performed prior to the first physical improvement made to a property.
Tax year 2018 has wrapped up, and tax return filing season has begun. This is the first year the new tax laws put into place in December 2017 took effect. There are several items that could affect construction contractors.
As 2018 comes to an end, it is important for construction companies to be aware of the trends that are expected to be seen in 2019.
Over the past few years, Detroit has seen a building boom in an effort to rebuild the city to its former glory. In November; Bedrock, Barton Malow Company and Turner Construction hosted the Ready.Set.Build! Construction Career Expo at Detroit’s Cobo Center. Types of trades at the expo included plumbers, pipefitters, electricians, welders, and many more. The Ready. Set. Build! expo gave job seekers hands-on approaches to learning trades with virtual simulators and participation in live demonstrations.
The Windsor-Detroit Bridge Authority (WDBA) has finally selected Bridging North America (BNA) to design, build, finance, operate and maintain the second Detroit-Windsor Bridge named after Detroit Red Wing Legend, Gordie Howe. The procurement process began in July 2015 and was announced in September 2018. The construction of the bridge has been valued at a fixed-priced contract value of $5.7 billion and will take approximately 74 months to complete, with an anticipated service date at the end of 2024.
Before tax reform, there were not many limitations on a business's ability to deduct interest expense on their tax return. However, beginning in 2018, tax reform will significantly alter the ability to deduct business interest expense for a great many taxpayers.
Tax reform provides an opportunity for simplification and tax relief for "small" businesses. Under the Act, a small business is defined as a taxpayer with average gross receipts during the previous three tax years of $25,000,000 or less. The $25,000,000 limit will be indexed for years after 2018. So what are qualifying taxpayers eligible for?
Wednesday November 28 2018 | 7:00AM—11:30AM |
Hosted at the Detroit Athletic Club
In 2015, the PATH Act (Protecting Americans from Tax Hikes Act) was passed. Starting in 2016, the PATH Act was enacted which extended additional benefits to business owners.
Wednesday, April 24, 2019 | 7:30 AM – 9:30 AM EDT | The Hartford Club