The clauses requiring the most attention in a construction contract, whether it is a standard or customized contract, are progress payment and retainage clauses. Other clauses also deserve special attention from both the contracting parties and the practitioner because they have financial statement and tax implications. Change orders The change order clause permits additions, deductions, or changes to the contract after work has begun. If the change order clause is not included in a Fixed-Fee Contract, additional work will have   [Read More...]

The Small Business Health Care Tax Credit is effective immediately; employers need to plan now in order to take advantage of it. The Small Business Health Care Tax Credit is claimed on an eligible small employer’s annual income tax return as a general business credit and offsets an employer’s actual tax liability for the year.

Hill, Barth & King LLC is very proud to be an active and significant supporter of the local construction industry.  HBK was the 2010 Contractors Showcase Major Sponsor this year.  The showcase brought together more than 300 building industry professionals whose focus is the development of jobs for Lee County and the surrounding communities of Fort Myers, Cape Coral, North Fort Myers, Estero, and Bonita Springs.  The Lee Building Industry Association does an excellent job each year organizing the event and this   [Read More...]