As you may know, contractors have multiple accounting methods to choose from. But some are off-limits to certain contractors. As your construction company endures the ups and downs of a bumpy industry, it's worth your while to review your options
In the News
Friday, March 13, 2020
Thursday, February 27, 2020
When the busy season comes, the last thing on your mind is accounting for your projects. You and your employees are concerned with only one thing: keeping up in delivering quality projects on time.
Bookkeeping comes long after your firm's other priorities such as...
• a broken down delivery truck with five pallets of job-site materials on the highway,
Thursday, February 13, 2020
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.
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.
