construction
The construction business is risky business — with inflation, supply-chain complexities and the skilled labor shortage all combining to make life interesting to say the least. If you’re a general…
In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This…
As the United States, and indeed the world, shifts toward clean energy, most construction businesses will need to contemplate converting their fleets to electric vehicles (EVs). Whether your company should…
If your construction business plans to bid on a publicly funded project, it’s important to understand your obligations under prevailing wage laws. This includes the federal Davis-Bacon Act (DBA) and…
Construction is a highly competitive industry notorious for its razor-thin profit margins. That’s why it’s important for contractors to identify every possible way to reduce costs, generate income and minimize…
As you know, change orders are an inherent part of the construction industry. Alterations to the original design, specifications, execution methods or scope of a job can impact the budget…
For construction business owners, the arrival of a new year should mean two things: high hopes for a busy twelve months and tax planning. Let’s focus on the latter with…
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…
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…
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…
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…
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…
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…
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…
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…