Many construction bookkeepers have gaps in their knowledge about how to produce quality financial statements. That can matter at year-end. There is only so much your accounting or tax advisor can do at the end of the financial year to correct or modify poorly recorded transactions.
In the News
Thursday, January 30, 2020
One of the basic costs of doing business is insuring your workers against injury on the job. Escalating medical bills and other factors have caused Workers' Compensation insurance to increase dramatically. Explore options for reducing the cost of coverage with your insurance agents.
Thursday, January 16, 2020
Be careful when hiring teenagers to work for your company after school and during the summer months.
Friday, January 3, 2020
With winter weather here, the dangers faced by construction workers increases dramatically. Not only can bitter-cold conditions contribute to accidents and injuries, they may result in hypothermia or other serious health issues.
Thursday, December 19, 2019
Chances are, your construction business hires subcontractors, rather than employees, to perform some of the work. These arrangements obviously save your company a lot of time, money and headaches.
Thursday, December 5, 2019
Everyone struggles to keep up when business really takes off. Projects come all at once. You may hire additional field workers to meet the demand. Payroll is stretched because payments which come in on your new projects lag months behind the large sums you lay out weekly to pay your workers.
Thursday, November 21, 2019
The IRS continues to zero in on what it calls the "tax gap" — the amount between the taxes that are voluntarily paid and the amount the tax agency believes is actually due.
Thursday, November 7, 2019
If you're operating a small construction firm, you may be working on a razor-thin margin to stay competitive. That means you can't afford additional costs or drags on your time without being compensated.
Thursday, October 24, 2019
Like the saying "You gotta be in it to win it," many construction firm owners submit many bids for local jobs to be in it.
Thursday, October 10, 2019
It may be time for your construction firm to think big. Big data that is.