The 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’...
7 Questions Contractors Should Ask Before Seeking Outside Financing
Sep 08, 2023Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness and fuel business g...
What Construction Businesses With Inventory Should Know About Section 263A
Aug 14, 2023Section 263A is an often misunderstood and misapplied part of the Internal Revenue Code. And it’s one that many construction businesses — particularly h...
3 Big Inventory Issues for Construction Companies
Jul 17, 2023In the construction industry, supply-chain challenges are nothing new. They’ve just gotten much more media attention over the last few years. Increased gl...
Strategic Tax-Planning Q&As for Construction Businesses
Jun 17, 2023To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductio...
How Construction Business Owners Can Prepare for an IRS Audit
May 10, 2023The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker...
Need a CFO? Hire or Outsource
Apr 28, 2023Small business owners often have accounting questions and financial advisory needs that don’t always occur at regular intervals or around tax time. Opportunit...
Beefing Up Benefits May Save Tax Dollars for Construction Businesses
Apr 10, 2023Construction companies continue to find themselves embroiled in a protracted battle for skilled labor. One fundamental way to recruit the best talent and retain...
11 Ways Your Construction Company Can Avoid Accounting Mistakes
Mar 16, 2023One 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, ...