Accounting

Retiring? Consider an Employee Stock Ownership Plan

by Anne Bushman and Denise Bendele | Jul 27, 2017
Accounting | Business

While employee stock ownership plans (ESOPs) function to reward employees with an ownership stake in the business they helped build, they can also offer tax advantages as an ownership-transition vehicle.

Reduce the Stress of Implementing ASC 606

by Tom Sheahan | Jul 26, 2017
Accounting | Business

There is no time to waste in beginning the implementation process for the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, Accounting Standards Codification (ASC) 606.

Exploring Self-Funded Health Care Plans

by Nathaniel Peniston | Jul 26, 2017
Accounting | Business | Safety | Total Human Health

While it’s important to keep up with the news surrounding legislation to repeal and replace The Affordable Care Act, many contractors would be well served to consider another insurance strategy right now: partially self-funded health insurance plans.

The Why and How of Computing POC

by Alan Clark | Jul 26, 2017
Accounting | Business

The percentage of completion (POC) calculation has traditionally been considered the best recognition of progress toward completion of a contract.

Twelve Financial Strategies for Construction Contractors

by Martin C. McCarthy | Jun 28, 2017
Accounting | Business | Finance

A successful contractor does everything possible to run a lean, financially sound company. Finding ways to save money while increasing margins, improving cash flow and operating more efficiently is key. Following are 12 financial strategies to help contractors stay financially healthy.

Making Data Work for a Construction Company: Don’t leave cash sitting on the shelf

by Construction Executive | Jun 6, 2017
Accounting | Data Analytics | Technology

From RFIs and change orders to reports and budget decisions, jobsites produce a dizzying amount of data each day. Yet most companies are not leveraging the analytical and trending interpretation capabilities construction software has to offer. Data is currency and companies cannot afford to ignore it.

Getting Paid – Lien Software Untangles the Complications of Filing Liens: Subcontractors can prepare, send and monitor preliminary lien and bond notices and deadlines with lien software

by Construction Executive | Jun 5, 2017
Accounting | Technology

Lien and bond claim laws are complicated, so consider lien software tailored for subcontractors that ensures compliance with statutory forms, prevents missing deadlines and creates business efficiencies to save money and get paid.

Money Saving Technologies for Construction – Are There Any Other Kind?: Contractors are saving money with cloud computing

by Construction Executive | Jun 5, 2017
Accounting | Technology

The construction industry is shifting to cloud-based technologies, including document storage and collaboration services. With business operations and personnel spread across multiple jobsites, using hosted software, Saas and PaaS for core business functions is changing construction’s reputation as a technology laggard.

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Retiring? Consider an Employee Stock Ownership Plan

Reduce the Stress of Implementing ASC 606

Exploring Self-Funded Health Care Plans

The Why and How of Computing POC

Twelve Financial Strategies for Construction Contractors

Making Data Work for a Construction Company: Don’t leave cash sitting on the shelf

Getting Paid – Lien Software Untangles the Complications of Filing Liens: Subcontractors can prepare, send and monitor preliminary lien and bond notices and deadlines with lien software

Money Saving Technologies for Construction – Are There Any Other Kind?: Contractors are saving money with cloud computing

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