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What Will 2009 Mean to the Surety Industry and Your Ability to Secure Bonds? Print E-mail
Written by Michael Strahan   

Calendar year 2009 was indeed an interesting year for the construction community, and there is no doubt 2010 will be challenging as well with continued aggressive competition and increasing scrutiny from the surety community. Understanding what has gotten us to this point, what is in store for the surety community in 2010, and how you may actually be able to benefit from the surety industry's upcoming difficulties will be helpful to know.

Tags: economy , financial

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Construction Auditing Can Help Eliminate Surprises Print E-mail
Written by Leslie V. Guajardo, CPA, CCIFP   

As everyone in the construction industry knows, completing a project on time and within budget is one of the toughest assignments in America. Unplanned change orders, fluctuating material costs, unpredictable weather, labor shortages and many other factors make completing a project as planned an uphill battle-and one that a growing number of contractors are losing.

Tags: project management

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Prepare for Your Construction Business Year-End Print E-mail
Written by Fred Ode   
Q:
Is there any way I can better prepare for our business year-end? As the accounting manager at a multi-state contracting company, I rarely get to enjoy the holiday season because it's tied to the frantic work of gathering tax and financial statement information, preparing payroll returns, W2s, 1099s and so on. And that's on top of my busy daily workload.  I start the process earlier each year, but it just seems to take longer and longer.  Help... my nickname around here is Scrooge!

Tags: 2009 December Issue , accounting , management , technology

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When Does It Make Sense to Outsource Construction Payroll? Print E-mail
Written by Fred Ode   

Processing payroll can be difficult and tedious for any business but nothing compares to the difficulty of construction payroll.

Within other industries, outsourcing payroll is often regarded as a smart business decision. Even small companies with just a few employees can save money by turning over time-consuming payroll activities to someone else. What's more, by hiring a payroll service, businesses can rid themselves of tax reporting responsibilities and other payroll processing burdens.

Tags: 2009 November Issue , analysis , financial , Fred Ode

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