Accounting

Address New Accounting Standards Now to Ensure Business Stability

by Tina Perez | Aug 14, 2018
Accounting | Business | Finance

Contractors must make compliance with the new revenue recognition standards a corporate priority. The organizations that do will preserve their reputations with lenders and bonding companies and maintain long-term business stability.

Implications of the Tax Cuts and Jobs Act on Construction Contractors

by Michael J. Herzog | Aug 9, 2018
Accounting | Business | Legislation | Taxes

The tax reform measure that closed out 2017 resulted in the most comprehensive update to the Internal Revenue Code in more than 30 years. Here's an overview of the tax incentives impacting construction businesses.

Seven Reasons Contractors Should Consider Third-Party POS Financing

Advances in financial technology services make it possible for construction companies to offer instant credit decisions to customers at no additional cost. These turnkey financing programs offer all the benefits of an in-house financing credit system without the risk or implementation costs.

2018 Executive Insights: Construction Accounting

by Construction Executive | Jul 23, 2018
Accounting | Business | Finance | Productivity

Industry experts share their insights on construction accounting best practices.

Build a Lasting Foundation of Profitability

Implementation of the soft science of organizational management integrated with appropriate financial controls can ensure profitable job execution.

A New Revenue Recognition Standard Is (Almost) Here

by Pete Miller | Jul 20, 2018
Accounting | Business | Finance

Most public companies started complying with the new revenue recognition standard, Revenue From Contracts With Customers (ASC 606), when it took effect Jan. 1, 2018. Meanwhile, private companies are counting down to Jan. 1, 2019. For these firms, now is the time to seize the opportunity for a smooth transition.

Slow Pay Leads to Needless Costs

by Joanna Masterson | Jul 10, 2018
Accounting | Business | Finance | Project Management

More than 40 percent of subcontractors surveyed said they wait between 30 and 60 days for payment, while an additional 46 percent wait 60 to 90 days.

Louisiana Sets Parameters for Late Payments

by Joanna Masterson | Jul 6, 2018
Accounting | Finance | Legal and Regulatory | Legislation

Louisiana Gov. John Bel Edwards (D) signed Act No. 566 into law, amending a statute to indicate that payment from a public entity to a contractor is considered late 45 days following receipt of a proper request for payment.

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Address New Accounting Standards Now to Ensure Business Stability

Implications of the Tax Cuts and Jobs Act on Construction Contractors

Seven Reasons Contractors Should Consider Third-Party POS Financing

2018 Executive Insights: Construction Accounting

Build a Lasting Foundation of Profitability

A New Revenue Recognition Standard Is (Almost) Here

Slow Pay Leads to Needless Costs

Louisiana Sets Parameters for Late Payments

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