Finance

Keeping the ‘Lion’s Share’: The Appeal of Defined-Benefit Retirement Plans

Qualified retirement plans are an excellent way to grow tax-deferred money for retirement and to protect assets from unjust lawsuits. In addition, contributions to qualified retirement plans generate tax deductions.

Tax Questions Every Contractor Should Consider Entering 2021

by John Blake | Dec 10, 2020
Accounting | Business | Finance | Taxes

At the start of 2021, contractors should consider the following questions to determine if they have taken advantage of all available tax elections.

The Lease Accounting Fallout From COVID-19

by Matthew J. Boland | Nov 16, 2020
Accounting | Business | Finance

Many contractors were relieved that due to COVID-19, the FASB issued an ASU on June 3 that granted a one-year effective date delay for applying the lease accounting and revenue recognition standards.

Working Capital: It’s Not Just Math

by Carl Oliveri | Nov 11, 2020
Accounting | Business | Finance

For a user of a contractor’s financial statement, such as a surety and a professional surety agent, working capital is a great indicator of a contractor’s immediate financial prowess.

Cash Is Still King: The Importance of Projecting Cash Flow

Implementing these financial practices can mitigate potential cash flow setbacks on a project, while increasing profitability and longevity.

The Importance of Data Analytics in Finance

With improved financial management through analytics, construction companies will be positioned to survive the economic downturn and seize opportunities for expansion.

PPP Loan Forgiveness: What Is Known So Far

by Construction Executive | Oct 20, 2020
Finance | Legal and Regulatory

Here’s what contractors should to know about the Paycheck Protection Program loans and forgiveness.

Understanding the Impacts of Implementing Topic 606

by Robert Mercado, Taryn Smith | Oct 7, 2020
Accounting | Business | Finance | Taxes

Understanding the ramifications of Topic 606 and the differences between the varying financial reporting and tax rules is imperative.

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Keeping the ‘Lion’s Share’: The Appeal of Defined-Benefit Retirement Plans

Tax Questions Every Contractor Should Consider Entering 2021

The Lease Accounting Fallout From COVID-19

Working Capital: It’s Not Just Math

Cash Is Still King: The Importance of Projecting Cash Flow

The Importance of Data Analytics in Finance

PPP Loan Forgiveness: What Is Known So Far

Understanding the Impacts of Implementing Topic 606

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