Exit Strategy: ESOPs for Construction Companies
Contractors often struggle to find suitable buyers for their companies when they're ready to retire or otherwise move on. That may be why many construction businesses implement employee stock ownership plans (ESOPs). These plans offer Read More
Feb 25, 2025
Accounts Receivable Fraud: Lapping Up Profits
The sale has been made, the customer has paid, yet the company receives no revenue. How can this happen? Accounts receivable fraud, commonly referred to as "lapping," occurs when an employee is entrusted with processing Read More
Feb 24, 2025
Manufacturers: Cut Costs by Avoiding Sales Tax Overpayments
Controlling costs is always at the forefront of manufacturers' minds, but the current environment makes it particularly critical. With new tariffs going into effect and more being proposed by President Trump, imported goods that are Read More
Feb 21, 2025
Important Changes to Beneficial Ownership Information (BOI) Reporting Deadlines
On February 18, 2025, action by the U.S. District Court for the Eastern District of Texas resulted in the reinstatement of the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA), making Read More
Feb 21, 2025
8 Tips For Preventing Nonprofit Fraud
Every year, millions of dollars are donated to not-for-profit organizations. But in some cases, the money intended for an organization's charitable causes are diverted by thieves. The fact is that nonprofits aren't immune to the Read More
Feb 14, 2025
The Advantages of Monthly vs. Quarterly Financial Statements
In the fast-paced world of business, a lot can change in just a few weeks, let alone three months. Reviewing financial statements quarterly may seem manageable at first, but when business picks up or unexpected Read More
Feb 12, 2025
A Review of Inventory Accounting for Construction Companies
Many construction businesses reach a point in their growth when they decide to maintain inventories. They might keep on hand items such as building materials, supplies, personal protective equipment and tools. Maybe yours already does. Read More
Feb 10, 2025
Avoid Mixing Personal and Business Accounts
Small business owners and independent contractors are always looking for ways to save time. If you run your own business (or want to start one), it might seem tempting to have a combined business and Read More
Feb 07, 2025
Five Ways to Improve Inventory Management
Efficient inventory management can substantially improve your firm's performance by helping to maintain high customer service levels and reduce variable costs. But reinforcing inventory management isn't a one-time project. It's a constant concern for manufacturers. Read More
Feb 06, 2025
How to Upgrade Your Board’s Financial Skills
Accurate, relevant and timely financial information is key to making good decisions for not-for-profit executives and board members. But do all of your board members really understand the numbers they receive and what they mean Read More
Feb 03, 2025