Construction

Transitioning your organization to the new lease accounting method

January 14, 2022

When the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02 (ASC 842) several years ago, the deadlines for private and public businesses seemed to be far into the future. FASB delayed the reporting requirements for…

Read More

2022 mileage rates for business reimbursements

December 30, 2021

The IRS recently released the 2022 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase every…

Read More

5 steps to a successful succession plan for construction firms

December 13, 2021

One of the less-talked-about economic side effects of the COVID-19 pandemic is the number of experienced professionals retiring or shortening their retirement timeline. This opens up opportunities for the next generation to…

Read More

Internal controls can help prevent fraud for construction firms

December 13, 2021

The general nature of the construction industry opens up opportunities for firms to fall victim to fraud. The Association of Certified Fraud Examiners (ACFE) reported the median fraud-related loss for construction firms at $200,000 for each incident between January 2018 and September 2019. In addition,…

Read More

Chart a course for your business’ future with forecasting

November 15, 2021

Managing cash flow is essential to business management. Revenue can fluctuate, and expenses need to be paid on time to maintain a positive working relationship with vendors, utility…

Read More

Congress Has Approved the Infrastructure Bill: What’s In It For You?

November 15, 2021

The $1 trillion Infrastructure Investment and Jobs Act (IIJA) received the U.S. House of Representatives’ approval Friday, November 5, 2021, to provide funding for improvements…

Read More
construction supply and demand

Navigating the supply and demand challenges in the construction industry

October 15, 2021

The rising cost of construction and delayed timing for completion of projects has been a major problem in the construction industry in 2021. Contractors and consumers have been…

Read More
forecasting-for-small-businesses

Chart a course for your business’ future with forecasting

October 15, 2021

Managing cash flow is essential to business management. Revenue can fluctuate, and expenses need to be paid on time to maintain a positive working relationship with vendors, utility…

Read More
person using laptop

Don’t overlook the Employee Retention Credit

October 6, 2021

Note: We are closely monitoring H.R. 3684, known as the Infrastructure Investment and Jobs Act. The Senate has approved the infrastructure bill and now goes…

Read More
people sitting around a large table eating

Seven tax strategies that save small businesses money

September 22, 2021

Taxes are a constant for any business. They come due every year, whether you have a profitable year or are in times of economic downturn.…

Read More