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.
Give your construction company’s bonding capacity a solid foundation
Construction business owners: Is your bonding capacity as high as you want it to be? Pleasing your surety starts with generating sound, trustworthy financial statements.
Reviewing revenue recognition for construction companies
Properly handling revenue recognition is critical for construction companies. Here’s a quick review of the three most used methods.
Is your construction company at risk for employee misclassification?
Sometimes construction contractors use independent contractors for their projects. If your business does, be sure to manage the risk of employee misclassification.