Accounting

Don’t worry, this isn’t going to be an article on the history of Al Capone and how it was a simple accountant who ultimately took him down. Nor will this be an insider’s guide to how a construction company can detect—or, worse, get away with—fraud by setting up its accounting rec...

Alternative capital is a broad term for financing provided by institutions or firms that typically fall outside of the purview of the larger, regulated institutions (i.e., not traditional banks). While these funding sources may not always be the first option for many businesses, ...

In the ever-evolving landscape of the real-estate industry, financial challenges can arise unexpectedly, threatening the viability of projects. These projects, once fueled by grand visions, innovation and investment, find themselves teetering on the precipice of uncertainty. This...

Best practices for managing cash flow year-round. Jon Zeiler Partner Crowe A balance sheet and income statement do not tell the whole story. Managers of construction companies must be monitoring and forecasting cash to make the most informed managerial decisions and properly...

Tony Rader calls it “peeling back the onion”—the slow, methodical process of uncovering the full extent of an embezzlement scam that eventually totaled more than $1 million. What National Roofing Partners (NRP) first discovered was bad enough. The Coppell, Texas–headquartered com...

In the construction industry, decision making is driven by the needs of the field. When it comes to purchasing power, employees are often reliant on credit cards of various types. If a field worker often has to purchase from Home Depot, it makes sense that they would get a Home D...

The passing of the Inflation Reduction Act provides numerous tax advantages for construction and development. One of these incentives is the redevelopment and expansion of the 179D Commercial Buildings Energy-Efficiency Tax Deduction, created to encourage those in the industry to...

Most workers already know on-demand culture is now an integral part of all industries–think Netflix and Spotify streaming, Instacart and Shipt delivery and Uber or Lyft ride-hailing services. Consumers expect immediate access to just about everything in their lives. The construc...

Visual Lease, has released a report titled, “The 2022 Lease Market Analysis: Lease Accounting Readiness.” The main finding in the report is that a whopping percentage of companies are not fully aware how their leased assets can be impacted and/or reap cash optimizing benefits. In...

It’s no secret that we’re living through a challenging economic climate. While experts split hairs as to whether we’re approaching a recession, factors such as rising labor costs, accelerating inflation and volatile energy and lumber prices are no doubt making business difficult ...