As the owner of a construction company, the success of the company is on your shoulders. You need to lead the construction team, work with clients, seek out new business, and manage money. With the right tools you can manage it all and succeed, but only if you have the information you need. Continue reading
An accurate and timely Work in Progress (WIP) report is an essential tool for running a business. A contractor will often create a WIP report out of an obligation to the bonding agent. Perhaps the bank requires one. When these contractors aren’t using that data to manage the business, they are throwing away money with every job. Continue reading
The success or failure of any construction job is based on profit. Profit margins are razor-thin in construction. Job costing helps you project job expenses to identify problems before they impact profit. Can work be completed with the money and budget available? What are the risk factors on the job? What do you need to do to be successful? Continue reading
ComputerEase announced today that it has been approved as an official sponsor on the National Association of State Boards of Accountancy’s (NASBA) National Registry of CPE Sponsors.
This new sponsorship approval means that ComputerEase will be able to offer Continuing Professional Education (CPE) Credits to attendees at their regular Educational Webinars, particularly those aimed at Construction CPAs. Continue reading
We’re on the ground in Las Vegas, where ComputerEase is the Gold Sponsor of AICPA’s annual Construction and Real Estate Conference. We take our CPA Partnerships very seriously, as they may be the single best avenue we have for making our clients’ work easier. If you’re a CPA with clients who use ComputerEase and are at AICPA, be sure to stop by our booth!
While the fate of several business-related tax extenders such as Research & Development tax credits, bonus depreciation, and Section 179 expensing that expired at the end of 2014 is uncertain, there are still a number of end of year tax planning strategies businesses can use to reduce their tax burden for 2015. Continue reading
There are a variety of alternatives to bank financing for small businesses, especially business start-ups. The Small Business Investment Company Program fills the gap between the availability of venture capital and the needs of small businesses that are either starting or growing. Licensed and regulated by the SBA, SBICs are privately owned and managed investment firms that make capital available to small businesses through investments or loans. They use their own funds plus funds obtained at favorable rates with SBA guaranties and/or by selling their preferred stock to the SBA. Continue reading
A wise business owner once said, “Happiness is a positive cash flow.” As a business owner, I’m sure you agree. Everything is better when your cash-in exceeds your cash-out. A cash crisis can be emotionally devastating and it can even kill your business. If you’ve ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean. Continue reading
One key to successful business expansion is your ability to obtain and secure appropriate financing. But as many quickly discover, raising capital may not be easy; in fact, it can be a complex and frustrating process.
However, if you are informed and have planned effectively, raising money for your business will not be a painful experience. Professional guidance should be considered in this quest, especially as to the financial information for the loan proposal. Continue reading
Why accurate, timely Work In Progress reporting is essential to contractors
By John Meibers, President of ComputerEase Software
Too many times a contractor creates a Work in Progress – (WIP) report because he feels he is obligated to do so, as the bonding agent or the bank requires it. However, an accurate and timely WIP report should be seen as one of the essential tools for running a business. A WIP report is a key component of enabling you to look into the future through forecasted projections. So why are forecasted projections important? Continue reading