News Category: Construction

Image of a contractor among solar panels and wind turbines
September 20, 2022

Construction industry awaits guidance on new energy tax incentives

Many contractors likely sat up and took notice in August when the Inflation Reduction Act (IRA) was signed into law. … Read more…

Image of a construction site with a stack of money
August 17, 2022

Reviewing revenue recognition for construction companies

While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple … Read more…

Image of a construction worker laying foundation
July 27, 2022

Give your construction company’s bonding capacity a solid foundation

A high bonding capacity is a strategic objective of many construction businesses. Knowing you can get the necessary underwriting from … Read more…

Image of a business owner avoiding pitfalls
July 7, 2022

5 change-order pitfalls construction companies should avoid

Properly documented and handled change orders can mean more profitable jobs for construction companies. When the process doesn’t go smoothly, … Read more…

Image of a construction worker holding a 'Hiring' sign
May 31, 2022

Could the Work Opportunity Tax Credit help your construction company?

The construction industry has been facing a labor shortage for years. Although there are various ways to tackle the challenge, … Read more…

Image of a contractor looking at a laptop
May 13, 2022

Ensure your construction accounting system has the right features

Construction accounting is distinctively complex. Unlike other businesses that rely heavily on a general ledger to track finances, construction companies … Read more…

I'm age of a toy backhoe scooping a dollar sign
April 29, 2022

Tax-saving fundamentals for construction companies

By the time you read this, you might have already filed your construction business’s federal tax return for the 2021 … Read more…

Image of a contractor looking at financial charts
February 28, 2022

Don’t let profit fade dim your hopes for a good year

A gradual decline in expected gross profits over the course of a project is known as “profit fade.” It not … Read more…

Image of a contractor doing their bookeeping
January 31, 2022

Bookkeeping for builders: 8 tips to consider

As you’re no doubt aware, bookkeeping for builders is challenging. Construction companies tend to have unstable workforces, wage rates that … Read more…

Illustration of a laptop and cashflow items
January 5, 2022

Boost cash flow with savvy accounts payable strategies

Managing accounts payable is a critical task for any business, but it’s particularly important for construction companies. General contractors juggle … Read more…