Stay ahead in the construction industry with our Winter 2025 Construction Insider.

Why dealerships experience turnover in the Controller position.

On March 2, 2025, the Treasury Department announced that it would not enforce any fines or penalties against US citizens or reporting companies or their beneficial owners after the rule change. They announced they will also be proposing a scope change that will narrow reporting requirement to only foreign reporting companies.

Changes to how governmental entities report compensated absences like vacation and sick leave

The NIH set a new policy that limits indirect cost recovery to 15% for research grants starting February 7, 2025. This alters the previous variable rates that institutions negotiated between 30% and over 60%. The NIH policy shift intends to increase funding for scientific research while ensuring NIH practices match those used by private foundations such as the Gates Foundation. The change creates substantial obstacles, especially for smaller institutions that depend on these funds to support their operations.

In the last few years, real estate and construction leaders have made great strides to implement new technologies into their regular practices. While these advances have uncovered additional efficiencies, their adoption has created a critical vulnerability: data security.