How creditworthy is your construction business?
As you probably know, construction businesses are frequently scrutinized for their creditworthiness and financial stability by sureties, banks, insurers and other parties. Your ability to build and protect your financial reputation is critical to winning work and managing risk. Building … Read more…
Why cost codes are critical to construction business success
No matter the size of your construction business, cost codes are essential for tracking where and how you incur project costs. Although a job’s overall cost will tell you what was spent and how much was made, it won’t tell … Read more…
Dos and don’ts of crisis management for contractors
From the Great Recession of more than a decade ago to the ongoing COVID-19 pandemic, construction companies have endured some tough lessons over the years. To help you avoid learning some things the hard way, we’ve compiled a list of … Read more…
Updates on Revenue Recognition & Lease Accounting for Construction Companies
Knowing when to adopt and how to apply the new Revenue Recognition and Lease Accounting standards can be a confusing and daunting task for many construction companies. Preparing for this process can take time and effort. The Journal of Accountancy … Read more…
Considerations for Construction Companies Regarding Revenue Recognition Standard Topic 606
Owning and operating a business is tough. It comes with a sometimes overwhelming amount of stress and responsibilities; maintaining client relationships, meeting deadlines, retaining and recruiting invaluable employees, adapting to new technology, keeping up with the latest laws and regulations, … Read more…
Oregon Corporate Activity Tax Update
ALERT: The Oregon Department of Revenue is adjusting requirements of businesses making estimated quarterly payments of the Corporate Activity Tax. Beginning immediately, the Oregon Department of Revenue has revised OAR 150-317-1300, dated April 27, 2020, to reflect a change in … Read more…
Carrie Fortier, CPA has been promoted to Partner at Jones & Roth & Business Advisors
Jones & Roth CPAs and Business Advisors is pleased to announce that Carrie Fortier, CPA has been promoted to Partner. This promotion recognizes her leadership contribution to Jones & Roth and for providing client service excellence. Carrie has been promoted … Read more…
McKenzie Commercial Focuses on High Value Service and Relationships
Top Photo: McKenzie Commercial Superintendent Alan Reynolds stands with Marketing Manager Jennifer Thomas at the job site of one of their recent projects — the expansion of Greenhill Humane Society in Eugene, Oregon. by Sophia Bennett The 2007 economic recession … Read more…
A Beginner’s Guide to the New Leasing Standard & Its Impacts on Debt Covenants
One hot topic in the world of construction has been the new revenue recognition standard that became effective on January 1, 2019. But what has not received as much attention, and could have an even bigger impact on financial statements, is … Read more…
DJC Builder Breakfast Series
Each quarter, the Daily Journal of Commerce hosts a Builder Breakfast series aimed at networking and educational opportunities surrounding large, local projects. Schwabe Williamson & Wyatt has joined Pence Construction as presenting sponsors for the series. The last session in April focused on the topic … Read more…
