Not every construction business is super familiar with the process for obtaining a performance bond. Here’s a quick overview of how it works.
An update on the Employee Retention Tax Credit for construction companies
Many construction businesses that filed a claim for the Employee Retention Tax Credit may still be waiting for their refunds. Here’s some updated info on this tax break.
7 ways construction companies can address materials costs
Construction businesses must continuously grapple with the fluctuating costs of materials. Let’s explore some strategies for winning the fight.
Construction business owners: Prepare now for possible tax law changes
The Tax Cuts and Jobs Act (TCJA) was signed into law in 2017 and generally took effect at the start of 2018. It brought sweeping changes to various aspects of tax law for both individuals and businesses. But many of its provisions aren’t permanent. In fact, some of…more
Best practices for offsite construction project management
Construction projects don’t all look the same nowadays. One increasingly popular approach is offsite construction, and these jobs present distinctive project management challenges.
How construction businesses can better manage their money
Construction businesses face a number of distinctive challenges when it comes to financial management. Fortunately, there are also plenty of solutions to be found.
An overview of the percentage of completion accounting method for construction businesses
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.