Prior to March 2019, the economy was on a roll. Construction spending was robust and contractors in virtually every industry were enjoying record years. COVID-19 changed the game overnight. Prior to ...

Farmers are allowed to sell their crops in 2021 but contract for the payment to be received in 2022. These types of deferred payment contracts qualify for installment sale reporting for tax purposes.

New Jersey's Prompt Payment Act: Construction Contract Considerations for Developers and Owners "Where the owner fails to remit timely payment of an approved invoice, after giving seven calendar days' ...

As the economic crisis stemming from the coronavirus pandemic unfolds, it is ever more important that contractors and subcontractors protect their payment rights and avoid the risk of double payment; ...