Accounting

Deconstructing Slow Payments in Construction

by Will Mitchell | Jan 9, 2020
Accounting | Business | Finance

Subcontractors and general contractors include a combined average 5.3% overhead in project bids to finance slow payments. In 2019, this ultimately costs the construction industry an extra $64 billion. Here's how that can change.

Considerations When Balancing Strong Financial Statements and Tax Savings

by Robert Mercado, Taryn Smith | Dec 15, 2019
Accounting | Business | Finance | Taxes

Often, the primary focus for year-end is the tax liability based on the company’s annual earnings. However, sometimes the requirements for financial reporting purposes conflict with expectations regarding taxable income. Planning for this is essential.

Understand and Define Key Substantive Contract Provisions

Go into the next construction project understanding the meaning and impact of common construction contract provisions.

Manage Direct and Indirect Job Costs to Improve Profit Margins

by Donald J. Kaiser | Nov 29, 2019
Accounting | Business | Finance

Every project has direct and indirect costs. Direct costs include material, labor, equipment and subcontractor costs. Indirect costs include project and and general overhead.

Maintain a Healthy Balance Sheet for Financial Security

by Michelle Johnson, Robert Mercado | Nov 13, 2019
Accounting | Business | Finance

With proper planning and a thorough understanding of how particular items should be reported, and the subsequent impact of each, a company can be confident in having financial statements that reflect its financial health.

Get Ready! There’s a Train A-Comin’—the New Lease Accounting Standard

Accountants are starting to see presentation and disclosures on the new lease standard for public company interim financial statements as of their March 31, 2019, quarterly reporting.

Improve Capital Project Outcomes With Emerging Technology

Unprecedented tools are being placed in the hands of operatives in other parts of the general economy. Capital project teams should be on the lookout to lead this disruption in the construction industry.

Year-End Tax Planning Strategies for Contractors

by Jacquelyn Himes | Oct 24, 2019
Accounting | Risk Management | Safety | Taxes

Taking a strategic approach to tax planning can be beneficial, contractors should weigh costs verses benefits before implementing any tax planning strategy.

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Deconstructing Slow Payments in Construction

Considerations When Balancing Strong Financial Statements and Tax Savings

Understand and Define Key Substantive Contract Provisions

Manage Direct and Indirect Job Costs to Improve Profit Margins

Maintain a Healthy Balance Sheet for Financial Security

Get Ready! There’s a Train A-Comin’—the New Lease Accounting Standard

Improve Capital Project Outcomes With Emerging Technology

Year-End Tax Planning Strategies for Contractors

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