One of the many challenges of running a construction business is properly accounting for long-term projects. Here’s a look at one popular option: the percentage of completion method.
What contractors need to know about bonding capacity
Construction business owners: You’ve probably been urged to do everything you can to increase bonding capacity. Here’s a closer look at precisely what this means.
Strategic tax-planning Q&As for construction businesses
Most people, including construction business owners, feel a sense of relief when their taxes are filed. But contractors need to make tax planning a year-round activity. Here are some Q&As to consider.
Use proactive measures to manage materials and labor costs
Construction business owners: Are you doing everything you can to manage materials and labor costs in today’s inflationary environment? Here are some strategies to consider.
How construction companies can cope with the skilled labor shortage
Construction company owners: Are you tired of the skilled labor shortage? Unfortunately, the struggle goes on, but there are ways to manage.
Reviewing 10 tax accounting methods for construction companies
Construction companies can use various accounting methods for tax-reporting purposes. Here’s a handy review of 10 of the most widely used approaches.
FLSA: Construction businesses must step carefully when hiring on-site labor
Construction business owners: Are those with hiring power at your company up to speed on the FLSA and its rules regarding employees vs. independent contractors?
9 cash-flow management tips for construction companies
Construction businesses face great challenges when it comes to managing cash flow. Here are nine ways to help your cause.
Is your construction company a C corporation? Beware of “unreasonable” compensation
If your construction business is a C corporation, take care that you and other owners aren’t compensated “unreasonably” by IRS standards. A recent court case demonstrates why.