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Creating a comprehensive and actionable succession plan is rarely easy for business owners. It’s certainly a challenge for most contractors, who may find ...
Construction Business Owners: Prepare Now for Possible Tax Law Changes
Jun 11, 2024The Tax Cuts and Jobs Act (TCJA) was signed into law in 2017 and generally took effect at the start of 2018. It brought sweeping changes to various aspects of t...
Construction Business Owners: Avoid These Two Common Accounting Problems
May 13, 2024For construction companies, accounting isn’t as simple as just balancing the books every month. Contractors tend to have multiple projects underway at var...
How Construction Businesses Can Better Manage Their Money
Apr 09, 2024For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-...
Construction Companies Can Manage Their Workers’ Comp Costs
Mar 11, 2024For construction businesses, workers’ compensation insurance is a must-have. Unfortunately, because of factors such as inflation and labor shortages, the ...
An Overview of the Percentage of Completion Accounting Method for Construction Businesses
Feb 13, 2024In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue comin...
Change Order Management: Best Practices for Construction Businesses
Jan 16, 2024As you know, change orders are an inherent part of the construction industry. Alterations to the original design, specifications, execution methods or scope of ...
How Construction Company Owners Can Build a Succession Plan Framework
Jan 02, 2024At some time or another, construction company owners must hang up their hard hats. But what will happen to your business when you retire or move on to the next ...
Construction Companies: Lean Into Tech to Optimize Accounting and Financial Management
Dec 05, 2023The construction industry is renowned for its quality craftsmanship. However, it’s also sometimes known for a historical reluctance to adopt new technolog...
10 Ways Construction Companies Can Tighten Up Their Estimates
Oct 10, 2023In 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’...
