Construction business owners: Avoid these two common accounting problems
For construction companies, accounting isn’t as simple as just balancing the books every month. Contractors tend to have multiple projects underway at various stages of
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For construction companies, accounting isn’t as simple as just balancing the books every month. Contractors tend to have multiple projects underway at various stages of
Under the offsite construction model, major building components or even entire modular structures are prefabricated in manufacturing facilities and transported to job sites for assembly.
Construction projects are inherently fraught with risk. That’s why having the right insurance in place is critical for all parties involved. For contractors, however, adequate
For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections,
Nowadays everything is “smart,” from phones to watches to appliances to, well, buildings. In a smart building, major systems — such as HVAC, lighting and
For construction businesses, workers’ compensation insurance is a must-have. Unfortunately, because of factors such as inflation and labor shortages, the cost per claim has generally
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
By John Chenoweth, CPA What is an IRC Section 1031 Exchange? An IRC Sec. 1031 like-kind exchange is an effective method for investors to defer
By John Chenoweth, CPA How Can I Maximize Cash Flow? Cost segregation and tax-deferred exchanges under IRC Section 1031 are two valuable tax-planning strategies available
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