construction
At some time or another, construction company owners must hang up their hard hats. But what will happen to your business when you retire or move on to the next…
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If you are a construction contractor reporting revenue from long-term contracts on the percentage-of-completion method (PCM), you may be required to file Form 8697 – Interest Computation Under the Look-Back Method…
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Is your business constantly replacing its tools and small equipment? Certain items that can fit in a backpack, pocket, or even the armrest of a vehicle — such as power…
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Some contractors might assume hackers won’t bother with smaller construction businesses. Sadly, they’d be wrong. Construction companies tend to hire a larger number of employees, which means they store lots…
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The construction industry is renowned for its quality craftsmanship. However, it’s also sometimes known for a historical reluctance to adopt new technology. When it comes to your construction company’s accounting…
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What is Nexus? As your business grows and expands to provide goods or services to other states outside of your home state, you could potentially trigger tax filing requirements in…
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Nearly every type of business could be affected by occupational fraud, and construction businesses are certainly no exception. In fact, the Association of Certified Fraud Examiners (ACFE) reports that construction…
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For small to midsize construction businesses, recruiting and retaining employees is a challenge. There’s not only a shortage of qualified workers, but also the inflation-driven rise in the costs of…
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Some construction projects are too big or too complex for one general contractor alone. In such instances, a viable solution may be for two construction businesses to form a joint…
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Cash flow is the lifeblood of every business, but it’s especially vital for construction companies. In an industry characterized by razor-thin profit margins, solid cash management practices can make the…
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