Accounting

Consider a Business Line of Credit Instead of Personal Loans for Construction

by Kyle Hartranft | Jul 7, 2021
Accounting | Business | Finance

Small business owners should separate business from personal expenses. Using a business line of credit to pay for personal expenses should be avoided. It can raise a red flag for the IRS to audit business and personal tax returns.

Five Payroll Tips for Construction

by Jacquelyn Grinder | Jun 22, 2021
Accounting | Business | Finance

Payroll is a critical administrative function that deserves to be in the spotlight. By making the payroll process more efficient and accurate, construction companies can improve compliance, limit risk and set the stage for growth.

Strategies for Surviving Recessions: The Right Time to Fire a Client

by Stephen King | Jun 22, 2021
Accounting | Business | Economy | Finance

When the economy tanks, it’s all about survival, which is a math problem to be solved with numbers. These numbers will dictate when specific business opportunities should be declined and when clients should be fired.

Increase Construction Marketability of Accounting Firms With Certification

by Jay Montalbano | Jun 16, 2021
Accounting | Business | Business Development | Finance

Finance employees who work in construction practice groups should become CCIFPs. Here are a few ways that the CCIFP credential can make firms more marketable.

Three Steps to Maximize Construction Cash Flow

by Jeff Carson | Jun 8, 2021
Accounting | Business | Business Development | Finance

While it may seem basic, many contractors do not have a fundamental cash management strategy in place—or they do not revisit and revise their strategy on a regular basis. Here are a few steps contractors can take to boost cash flow.

Significant Impacts of Revenue Recognition Under New Topic 606

Understanding the new revenue recognition standard is essential to determine how it will impact contractors' financial statements.

Work Smarter With Streamlined Submittals in 2021

by Nancy Novak | May 26, 2021
Accounting | Business | Finance | Project Management

By standardizing specifications and prioritizing what and how submittals are reviewed, contractors can significantly short circuit the front-end work and get projects started more quickly.

Overcome Construction Time-Tracking Challenges

by Jacquelyn Grinder | May 20, 2021
Accounting | Business | Finance | Productivity

For construction companies that do prevailing wage work, tracking time is difficult and critical. By using key strategies, construction companies can identify and overcome their most troublesome time-tracking challenges.

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Consider a Business Line of Credit Instead of Personal Loans for Construction

Five Payroll Tips for Construction

Strategies for Surviving Recessions: The Right Time to Fire a Client

Increase Construction Marketability of Accounting Firms With Certification

Three Steps to Maximize Construction Cash Flow

Significant Impacts of Revenue Recognition Under New Topic 606

Work Smarter With Streamlined Submittals in 2021

Overcome Construction Time-Tracking Challenges

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