Finance

Struggling Firms Get a Second Chance

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Submitted by: Schmersahl Treloar & Co. For many business owners and executives, filing for Chapter 11 bankruptcy proceedings seems like admitting defeat, but it shouldn’t be that way.  The bankruptcy code exists to provide second chances. Chapter 11, which covers business reorganizations, allows struggling companies to right themselves so that they may once again be profitable

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New Tax Law Largely Brings Good for Construction Companies

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By Kerry Smith, Editor – St. Louis Construction News & Review Magazine Tax attorneys and CPAs across the St. Louis region are continuing to study the details of the nation’s new tax law, the Tax Cuts and Jobs Act, enacted nearly four months ago. For contractors and other construction industry players, the news is overwhelmingly

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Job Costing: Seven Tips to Make it Easier

Submitted by Schmershal Treloar & Co. Job costs are the lifeblood of your construction business and accurately estimating them will determine if a project will make money. Managing job costs across the life of the project will ensure that your firm makes money on every job. Moreover, those job-by-job profits make the office and your executive salary possible.

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Planning ESOPS for Construction and Real Estate Firms

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By Thomas H. Mug Maybe it’s the preservation of a legacy, perhaps it’s the conclusion of thoughtful succession planning, or it might be a desire to motivate employees and enhance corporate performance … for whatever reason, the construction and real estate industry is increasingly embracing employee stock ownership plans (ESOP). Indeed, this publication documented the

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