Deducting Trade and Business Expenses

Deducting Trade and Business Expenses

Two months ago, you flew across the country and spent five days checking out various types of construction equipment you’re thinking of buying. The month before that, you went to a construction industry convention where you attended several daily workshops...
Tips for Managing Cash Flow

Tips for Managing Cash Flow

Inadequate cash flow is one of the main reasons businesses fail. Developing an effective cash management program can help you manage your contracting firm’s cash flow and position it for future growth. Here are some suggestions that can improve cash flow. Manage...
Internal Controls are a Must for Contractors

Internal Controls are a Must for Contractors

Internal controls are critical for the financial health of your construction firm. An effective system of internal controls helps ensure that your company’s financial reporting is accurate and its resources are being protected. A regular review of your internal...
Succession Planning Is Critical

Succession Planning Is Critical

As the owner of a construction firm, you have probably thought about retiring at some point and handing off the business to a family member or a partner or even selling out to another company. Whether you think about retirement a lot or a little, it makes sense to...

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