In June 2024, the IRS released final regulations addressing the prevailing wage and apprenticeship (PWA) requirements for increased clean energy tax deduction o...
Cash Flow Management for Construction Businesses
Aug 07, 2024Construction companies have always faced challenges when it comes to cash flow. The difficulty largely springs from the often-lengthy gaps between winning proje...
How Construction Business Owners Can Make Succession Planning Easier
Jul 12, 2024Creating 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 ...