Accounting

Leverage Cost Segregation for Significant Tax Deferrals

by Louis Guay | Jan 23, 2018
Accounting | Business | Finance | Taxes

Cost segregation can lead to significant tax deferrals, a boost in cash flow and an increase in capital immediately available for new projects—and the new tax law has made it even more valuable for a limited time.

Plan Now for Tax Season

by James Lundy | Nov 28, 2017
Accounting | Business | Taxes

It is essential that construction companies' operations be reviewed prior to year-end while considering the savings available from tax methods, depreciation, related party payments and other tax deductions and credits.

Implementing ASC 606

by Construction Executive | Nov 2, 2017
Accounting | Business | Contracts

FASB’s new revenue recognition standard, ASC 606, takes effect in December 2018 and will significantly affect how contractors recognize revenue.

Millennials Spend Less on Business Travel Than Older Employees

by Construction Executive | Oct 23, 2017
Accounting | Business

Average dining, hotel and entertainment expenses for employees between the ages of 36 and 65 totaled $8,596 over two years compared to $5,188 for employees between the ages of 22 and 35.

Financial Technology: A Top Contender to Improve Construction Payments

by Steve Wightman | Sep 14, 2017
Accounting | Business | Technology

Successful companies stockpile cash and manage working capital. The right software can help contractors keep their promises and add transparency to the payment process.

It Pays to Automate Accounts Receivables

by Ed Jordan | Aug 31, 2017
Accounting | Business

When distributors spend their time and money on building up their business, versus plugging the holes of a sinking invoice process, they can better serve customers and manage supplier relationships. Automation can help.

WIP Reports Made Easy With Construction Accounting Software

by Eric Goldstein | Aug 28, 2017
Accounting | Business

With the five main components of construction accounting—job costing, payroll, general ledger, accounts payables and accounts receivable—integrated into the same software system, contractors have access to all relevant data to take advantage of extensive reporting.

Avoid Costly, Inaccurate and Inefficient Payroll Processing

by Martin C. McCarthy | Aug 22, 2017
Accounting | Business | Finance | Taxes

Construction contractors should be careful to properly classify workers, pay prevailing wages and certify payroll on government projects, as well as pay state and local employment taxes at the right rate and for the correct amount of time a worker is on the job.

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Leverage Cost Segregation for Significant Tax Deferrals

Plan Now for Tax Season

Implementing ASC 606

Millennials Spend Less on Business Travel Than Older Employees

Financial Technology: A Top Contender to Improve Construction Payments

It Pays to Automate Accounts Receivables

WIP Reports Made Easy With Construction Accounting Software

Avoid Costly, Inaccurate and Inefficient Payroll Processing

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