April 1, 2024
Mid-Atlantic Construction Leader Marty McCarthy writes about optimal cash flow management for Construction Business Owner
Construction Business Owner
By Marty McCarthy, Partner, Tax & Business, Mid-Atlantic Construction Leader
Excerpt:
As the construction industry transitions into the new year, it finds itself in a similar position to someone adjusting to a new day after a long night — the once buoyant stimulus era, characterized by the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC), has dimmed, leaving behind a commercial sector grappling with uncertainty and a residential sector tightening its financial belt. Now facing the dual pressures of inflation and rising interest rates, the industry must also contend with labor issues that continue to constrict profit margins.
