Although many filers spent 2018 reacting and adjusting to the new law, 2019 should be the year to focus on future strategies and understand how to proactively position their construction firm for success under the new tax regime.
How Contractors Can Prevent Fraud in Their Workforce
Fraud cases in construction cost almost twice as much and last longer than fraud cases in other industries. Here are a few ways contractors can protect their businesses from employee fraud.
Three Essential Tips for Managing Accounts Receivable in Construction
Managing accounts receivable in the construction industry can be tricky, but it should always be a top priority for all contractors, suppliers and business owners. Contractors can take note of these practices to improve their collection processes and cash flow.
Three Best Tax Reform Changes for Contractors
The Tax Cuts and Jobs Act comes with many positive aspects, regardless of its less-than-stellar reputation. Following are three ways TCJA benefits construction contractors.
Solve Construction Challenges With Intelligent Information Management
Construction companies face numerous pressures—some of which can be mitigated by a simple information management strategy. Through a unified, consolidated document management system, construction companies can increase efficiency and productivity.
Entity Structure for Contractors Under the New Tax Law
It is important to analyze the unique characteristics of each business while considering the federal and state tax implications and the business’ long-term intentions to pick the right entity structure.
Avoid Misunderstanding the Importance of Contract Ratios
Without a proper understanding of the ratios specific to the construction industry, contractors run the risk of compromising their financial strength.
Maximizing Contractor Capital for Increased Bonding Capacity
Many factors affect bonding capacity, but contractors have options that can enhance their capital position in order to maximize surety credit.










