Construction Archives - Hawkins Ash CPAs

Did You Repair Your Business Property or Improve It?

by Heather Whitten | Mar 8, 2019 | Business, Construction

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be...

Contractors: Revenue Recognition Standard

by Erica Knerzer | Dec 1, 2018 | Accounting Standards, Construction, Guides

The recognition of revenue under current accounting standards requires the consideration of two factors; being realized or realizable and being earned. FASB believes ASU 2014-09 will significantly enhance the comparability of revenue recognition practices while also...

Creating an Incentive Compensation Plan

by Matt Eckelberg | Jun 17, 2017 | Construction

High-performing, highly productive employees help drive a business toward growth and financial success. A compensation package that includes something more than base pay can help keep valuable employees on board and performing at peak levels. But an incentive...

Smart Marketing Strategies for Contractors

by Corenne Gutierrez | Jun 5, 2017 | Construction

Marketing is not rocket science. It is simply “the science” of generating business. Most contracting firms can use a variety of inexpensive marketing strategies to generate a steady stream of work. Here are some easy-to-implement basic marketing ideas....

ACA Repeal and Replacement-Update

by Lance Campbell | May 25, 2017 | Business, Construction, Employee Benefit Plan, Financial Institution, Nonprofit, Payroll, Tax

The Affordable Care Act (ACA) requires Applicable Large Employers (ALE’s are 50 or more full-time equivalent employees) to report health insurance information on Form 1095-C to employees. Congress recently passed the American Health Care Act (AHCA). The bill has...

Factoring in Flood Risk on Projects

by Greg Kenworthy | May 17, 2017 | Construction

When coastal storms, snowmelt, or torrential rains cause water levels in rivers, lakes, and streams to rise and flood communities, the damages can be extensive and extremely costly. To protect themselves from potentially large financial losses, construction companies...