Surety Blog

Women-Owned Small Businesses can Begin Taking Steps to Participate in the new Federal Contracting Program

The new Women-Owned Small Business (WOSB) Federal Contract Program will be fully implemented over the next few months. This program will provide greater access to federal contracting opportunities. Check out www.sba.gov/wosb for more information.

By |2011-05-07T02:08:46-04:00May 7th, 2011|Surety Blog|Comments Off on Women-Owned Small Businesses can Begin Taking Steps to Participate in the new Federal Contracting Program

Congress Repeals Expansion of 1099 Reporting

According to Carr, Riggs, & Ingram, CPA’s, last year, congress passed legislation that would expand the mandatory filing of Form 1099. The provisions to do so were found in last year’s Patient Protection and Affordable Care Act (PPACA), and the Small Business Jobs Act (SBJA). What would you call a bill that would streamline the [...]

By |2011-04-27T02:10:40-04:00April 27th, 2011|Surety Blog|Comments Off on Congress Repeals Expansion of 1099 Reporting

What Happens to Your Money If Your Bank Fails?

We could speculate, but it is probably better to go right to the source for the answers.  Here’s a link to the FDIC explanation of coverage for you.  Give us a call if you have any questions. http://www.fdic.gov/deposit/deposits/changes.html

By |2011-04-23T02:12:00-04:00April 23rd, 2011|Surety Blog|Comments Off on What Happens to Your Money If Your Bank Fails?

Construction Material Prices Jump 2 Percent in March

Construction material prices had the largest monthly increase since July, 2008.  Oil prices rose 14.8% in the month of March.  Iron and steel prices also rose steeply during the month.  According to the Associated Builders & Contractors’ economist, construction materials rose 4 percent over the past three months.  Construction materials rose 6.9% over the past [...]

By |2011-04-16T02:13:41-04:00April 16th, 2011|Surety Blog|Comments Off on Construction Material Prices Jump 2 Percent in March

Effect of Government Shutdown on the SBA Surety Bond Program

In the event of a shutdown of the Federal Government at midnight on April 8, 2011, please be advised that the processing of applications and claims in the Prior Approval Surety Bond Guarantee Program, and the processing of claims in the Preferred Surety Bond (PSB) Guarantee Program, will be suspended for the duration of the [...]

By |2011-04-08T02:15:56-04:00April 8th, 2011|Surety Blog|Comments Off on Effect of Government Shutdown on the SBA Surety Bond Program

The Government is picking your pocket again!

Ask today to have your representative or senator co-sponsor H.R. 674 and S. 164 to repeal an unfair and unwarranted withholding mandate. In Less Than 40 Weeks, Federal, State, and Local Governments will be Forced to Withhold 3% From Every Payment to Contractors for Taxes!  This withholding will often exceed the total tax liability for [...]

By |2011-04-02T02:18:24-04:00April 2nd, 2011|Surety Blog|Comments Off on The Government is picking your pocket again!

Build buildings by building relationships

Have you noticed how many difficulties in construction relate to broken relationships rather than poor construction?. At the heart of so many heated matters is a personality conflict. The pain is revealed in all the letter writing and posturing. Often, one who may feel he was not treated with respect now demands respect in the [...]

By |2011-02-26T02:21:47-05:00February 26th, 2011|Surety Blog|0 Comments

The Number One Reason Contractor’s Fail

Being in the construction business can be rough even in the good years. There is so much that can go wrong on a job. But now, in this time when there is so little work and so many contractors, it is especially tough on contractors. Banks are pulling their financing on projects. Banks are not [...]

By |2011-02-01T01:58:58-05:00February 1st, 2011|Surety Blog|0 Comments
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