Construction Companies: Lean Into Tech to Optimize Accounting and Financial Management
The construction industry is renowned for its quality craftsmanship. However, it's also sometimes known for a historical reluctance to adopt new technology. When it comes to your construction company's accounting and financial management, there's never Read More
Dec 05, 2023
10 Ways Construction Companies Can Tighten Up Their Estimates
In a perfect world, initial project estimates would match actual costs at the end of every job — with no hint of cost overruns or profit fade. But, let's be honest, that hardly ever happens. Read More
Oct 10, 2023
7 Questions Contractors Should Ask Before Seeking Outside Financing
Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness and fuel business growth. But the options can seem limitless and overwhelming. Here are seven Read More
Sep 08, 2023
What Construction Businesses With Inventory Should Know About Section 263A
Section 263A is an often misunderstood and misapplied part of the Internal Revenue Code. And it's one that many construction businesses — particularly homebuilders — should get a handle on to avoid unexpected tax issues Read More
Aug 14, 2023
3 Big Inventory Issues for Construction Companies
In the construction industry, supply-chain challenges are nothing new. They've just gotten much more media attention over the last few years. Increased globalization, a pandemic and geopolitical strife have all contributed to some notable slowdowns, Read More
Jul 17, 2023
Strategic Tax-Planning Q&As for Construction Businesses
To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductions your company can claim, but also minding other important details. Here Read More
Jun 17, 2023
How Construction Business Owners Can Prepare for an IRS Audit
The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker misclassification. What's more, as the tax agency rolls into the future under new leadership, Read More
May 10, 2023
Need a CFO? Hire or Outsource
Small business owners often have accounting questions and financial advisory needs that don’t always occur at regular intervals or around tax time. Opportunities to grow your business crop up with a little warning. How does Read More
Apr 28, 2023
Beefing Up Benefits May Save Tax Dollars for Construction Businesses
Construction companies continue to find themselves embroiled in a protracted battle for skilled labor. One fundamental way to recruit the best talent and retain valued employees is by offering competitive compensation and benefits. Let's focus Read More
Apr 10, 2023
11 Ways Your Construction Company Can Avoid Accounting Mistakes
One of the not-so-secret ways to run a profitable construction business is to follow sound accounting practices. Mistakes in financial reporting can be costly, potentially leading to budget overruns, cash shortfalls, delayed projects, unpaid bills Read More
Mar 16, 2023