Few industries are as mobile as construction. With operations scattered among multiple job sites and satellite offices, contractors stand to gain significant benefits from what many have heralded ...
Click here to expand this article Posted on May 23, 2013 at 12:00 AM | Posted by Ronelle SellersEmployee fraud, theft and embezzlement are costly problems for all businesses. According to the Association of Certified Fraud Examiners’ 2012 Report to the Nations on Occupational Fraud and Abuse...
Click here to expand this article Posted on May 06, 2013 at 12:00 AM | Posted by Ronelle SellersUnfortunately, profit fade has been the undoing of many contractors. This financial malady often occurs as a contract nears completion. If you’ve experienced profit fade on a past project, you kn...
Click here to expand this article Posted on February 21, 2013 at 12:00 AM | Posted by Ronelle SellersControlling owners of closely held construction companies are generally free to set their own salaries and bonuses. But, under certain circumstances, the reasonableness of owner compensation ...
Click here to expand this article Posted on June 22, 2012 at 12:00 AM | Posted by Ronelle SellersSubcontractor failure is one of the biggest risks faced by general contractors (GCs) today. And one of the most effective strategies for minimizing this risk is subcontractor prequalification....
Click here to expand this article Posted on May 14, 2012 at 12:00 AM | Posted by Ronelle SellersThere's been a lot of talk in the construction industry lately about integrated project delivery (IPD). IPD is a collaborative approach to construction projects that can help reduce costs, elimin...
Click here to expand this article Posted on March 01, 2012 at 12:00 AM | Posted by Rob BettisA controversial tax provision is scheduled to take effect in a little over a year, and it could have a huge impact on your cash flow. The provision requires most government entities to withhold 3% ...
Click here to expand this article Posted on October 17, 2011 at 12:00 AM | Posted by AdministratorIn today’s highly competitive business environment, many construction companies are venturing into unfamiliar territory. Some are exploring opportunities across state lines or international border...
Click here to expand this article Posted on October 07, 2011 at 12:00 AM | Posted by AdministratorUnderstand How to Account for Claim Revenue As you know, the IRS takes great interest in your construction company’s revenue — and particularly how and when it’s received. If you encounter una...
Click here to expand this article Posted on October 05, 2011 at 12:00 AM | Posted by AdministratorAn effective way to reduce your tax bill — without a significant impact on your balance sheet — is to acquire equipment and other fixed assets before year end. For example, bonus depreciation al...
Click here to expand this article Posted on October 02, 2011 at 12:00 AM | Posted by Administrator