Construction Resources Archives | SAX - Advisory, Audit and Accounting https://saxadvisorygroup.com/category/construction-resources/ Advisory, Audit and Accounting Thu, 13 Nov 2025 18:37:45 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://saxadvisorygroup.com/wp-content/uploads/2025/01/cropped-SAX-Logo_favicon-32x32.jpg Construction Resources Archives | SAX - Advisory, Audit and Accounting https://saxadvisorygroup.com/category/construction-resources/ 32 32 Sax’s Construction & Real Estate Industry Update 2025 https://saxadvisorygroup.com/saxs-construction-real-estate-industry-update-2025/ Fri, 12 Sep 2025 14:29:37 +0000 https://saxadvisorygroup.com/?p=16006 Join us for an exclusive morning of insights and connections at the Construction & Real Estate Industry Update hosted by SAX on November 14, 2025.

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]]> How the First Sale Rule Could Potentially Reduce Tariffs When Used Correctly https://saxadvisorygroup.com/how-the-first-sale-rule-could-potentially-reduce-tariffs-when-used-correctly/ Mon, 30 Jun 2025 20:45:37 +0000 https://www.saxadvisorygroup.com/?p=15612 The First Sale Rule is a powerful but often underutilized provision in U.S. customs law that allows importers to potentially reduce the amount of duties they owe on imported goods. At its core, the rule permits an importer to base the calculation of duties on the price paid in the first sale of goods in […]

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]]> SAX Climbs the Leaderboard in Key Rankings of U.S. Accounting Firms https://saxadvisorygroup.com/sax-llp-climbs-the-leaderboard-in-key-rankings-of-u-s-accounting-firms-2/ Tue, 27 Aug 2024 12:11:39 +0000 https://www.saxadvisorygroup.com/?p=14823 Rated among the top firms for consecutive years by both Inside Public Accounting and Construction Executive Parsippany, NJ – August 27, 2024 – SAX, a leading accounting, tax, and advisory firm, today announced that it has again been named to the INSIDE Public Accounting’s (IPA) list of Top 100 Accounting firms in the U.S., marking the sixth consecutive year […]

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]]> SAX Climbs the Leaderboard in Key Rankings of U.S. Accounting Firms https://saxadvisorygroup.com/sax-llp-climbs-the-leaderboard-in-key-rankings-of-u-s-accounting-firms/ Mon, 26 Aug 2024 18:11:39 +0000 https://www.saxadvisorygroup.com/?p=14823 Rated among the top firms for consecutive years by both Inside Public Accounting and Construction Executive Parsippany, NJ – August 26, 2024 – SAX, a leading accounting, tax, and advisory firm, today announced that it has again been named to the INSIDE Public Accounting’s (IPA) list of Top 100 Accounting firms in the U.S., marking the sixth consecutive year […]

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]]> Significant Changes to Davis-Bacon Act: What Construction Companies Need to Know https://saxadvisorygroup.com/significant-changes-to-davis-bacon-act-what-construction-companies-need-to-know/ Tue, 07 Nov 2023 20:34:55 +0000 https://www.saxadvisorygroup.com/?p=13517 In a landmark development for the construction industry, on August 23, 2023, the Department of Labor (DOL) introduced a set of comprehensive updates to the Davis-Bacon Act, representing the most substantial overhaul of this pivotal labor legislation in four decades. These changes came into effect on October 23, 2023, and their implications will be profound […]

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]]> SAX Named One of Nation’s Top 50 Construction Accounting Firms by Construction Executive for Fifth Consecutive Year https://saxadvisorygroup.com/sax-llp-named-one-of-nations-top-50-construction-accounting-firms-by-construction-executive-for-fifth-consecutive-year/ Thu, 10 Aug 2023 12:31:41 +0000 https://www.saxadvisorygroup.com/?p=13041 Parsippany-based Accounting, Tax and Advisory Firm Ranked #24 in the Country by Leading Construction Media Property   Parsippany, NJ, August 10, 2023 – SAX, a top 100 accounting, tax and advisory firm in the nation, is proud to announce that it has been named one of The Top 50 Construction Accounting Firms™ by Construction Executive (CE), a […]

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]]> SAX Ranked #24 on Construction Executive’s List of The Top 50 Construction Accounting Firms https://saxadvisorygroup.com/sax-llp-ranked-24-on-construction-executives-list-of-the-top-50-construction-accounting-firms/ Mon, 08 Aug 2022 18:56:51 +0000 https://www.saxadvisorygroup.com/?p=11349 Parsippany, NJ, August 9, 2022 – SAX, a top 100 accounting, tax and advisory firm in the nation, is proud to announce its inclusion on Construction Executive’s (CE) list of The Top 50 Construction Accounting Firms™.  Sax ranked #24 on the list comprised of the most influential firms practicing construction accounting in the country – rising […]

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]]> Key Changes to Construction Contractors’ Financial Statements Due to New Revenue Recognition Accounting Standard https://saxadvisorygroup.com/key-changes-to-construction-contractors-financial-statements-due-to-new-revenue-recognition-accounting-standard/ Thu, 05 Mar 2020 14:25:30 +0000 https://www.saxadvisorygroup.com/?p=5014 It’s hard to believe we are three months into the new year and as year-end accounting procedures are wrapping up, CPA issued financial statements are rolling out.  You will notice that these financial statements have a different look from past years courtesy of the new revenue recognition accounting standard (ASU 606) effective for all non-public […]

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]]> SAX Ranked #25 on Construction Executive’s list of The Top Construction Accounting Firms https://saxadvisorygroup.com/sax-llp-ranked-25-on-construction-executives-list-of-the-top-construction-accounting-firms/ Wed, 14 Aug 2019 18:10:30 +0000 https://www.saxadvisorygroup.com/?p=4421 Clifton, NJ Headquarters, August 14, 2019 – Leading accounting, tax and advisory firm, SAX, has been named to Construction Executive’s (CE) list of The Top 50 Construction Accounting Firms throughout the country.   To determine the ranking, hundreds of U.S. accounting firms with a construction practice completed a survey. Data collected included: 1) 2018 revenues […]

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]]> REVENUE RECOGNITION AND IMPLEMENTATION FOR THE CONSTRUCTION INDUSTRY https://saxadvisorygroup.com/revenue-recognition-and-implementation-for-the-construction-industry/ Wed, 12 Sep 2018 18:23:28 +0000 https://www.saxadvisorygroup.com/?p=2860 In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard on revenue recognition after years of drafts, comments, delays and adjustments. The new standard, Accounting Standards Update (ASU) NO. 2014-09, Revenue from Contracts with Customers (ASU 606) will replace the current transaction and industry-based revenue recognition guidance with a principles-based approach that […]

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