We’ve got a number of things going on for June, all about payroll. See how ComputerEase can make your life easier. Continue reading
The construction industry is a difficult one – full of strategic planning, tight deadlines, demanding customers and lean margins. In some projects, just 2-3 percent can be the difference between profit and loss.
However, construction companies that navigate this industry expertly have learned to surround themselves with others who understand the business – especially their CPA firm. You look for subcontractors who have experience in a particular type of work; your CPA firm shouldn’t be any different. Don’t settle for just any old number-cruncher. To be on target in this business, you need a CPA that understands construction. Continue reading
In the construction industry, cash flow is essential to staying viable in a competitive market. Even some of the most profitable construction firms have gone out of business because of poor cash flow management.
Perhaps the reason cash flow is so difficult in construction is that by the time a job is awarded, significant resources have already been invested into it – from the time spent on the lengthy bidding process, to manpower on the job site, to purchasing materials and renting equipment. Often, these expense are incurred months before ever seeing a payment. Continue reading
Section 179 Deductions and Bonus Depreciation have been used extensively in the construction industry. Both grant your company big savings on taxes as a result of any major equipment purchases you’ve made in the tax year. Accounting and project management software is included in the equipment that qualifies, and it’s been one of the most popular routes that contractors have taken to seize this opportunity. Continue reading
Last year, we had the privilege of hosting a webinar alongside Matt Mauller, Vice President of Neace Lukens Insurance Agency. At the time, we were in what he called a “soft market” for insurance. Premiums were low, and he told us how to take advantage of the market by either renegotiating with our brokers our kicking them to the curb and finding a new one. You can recap that information by viewing our previous webinars. Since that time, the insurance market has taken a hard turn. Premiums are going up, and it’s making life tougher for contractors. Luckily, Matt Mauller is coming back this year to co-host another webinar, “7 Tips to Keep Your Premiums from Skyrocketing.” Matt will tell us about the current market, how we got there, and what you can do to prevent your premiums from following the upward trend.
This webinar is a must-see for contractors, and it’s absolutely FREE. Space is limited, so be sure to register today!