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Accounting & Finance

Strengthen your company’s financial foundation. Explore job costing, cash flow, forecasting, tax strategies and financial management practices that help contractors improve profitability and make informed decisions.

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    How to Use Your Construction Accountant For More Than Taxes

    They are business advisors. If you are using your CPA as simply a tax advisor, you may be leaving profits on the table or money may be walking out the door without your knowledge.
    Read More →: How to Use Your Construction Accountant For More Than Taxes
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    Get Your Business to Work Part 6: Boost Your Bottom Line with These Last 5 Business Tools

    Maximizing your profit must be a top priority right along with getting your projects completed. Focusing on increasing your net profit will boost your bottom line and allow you to make a lot more money.
    Read More →: Get Your Business to Work Part 6: Boost Your Bottom Line with These Last 5 Business Tools
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    Strategies for Managing Your Debt

    For many contractors, liquidity is becoming increasingly stretched due to growing backlogs, ever-slowing collections, and retainage requirements.
    Read More →: Strategies for Managing Your Debt
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    10 Steps to Capture Additional Bonding

    Ensure your company meets surety requirements and receives bonding by following these guidelines.
    Read More →: 10 Steps to Capture Additional Bonding
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    Keeping Cash King in a Down Economy

    Working capital-the money needed to fund day-to-day business operations-is a primary indicator of a company’s financial health.
    Read More →: Keeping Cash King in a Down Economy
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    Factoring: Alternative Financing For The Construction Industry

    The country’s been going through some pretty tough times, and the construction business is one of the industries that has been hardest hit.
    Read More →: Factoring: Alternative Financing For The Construction Industry
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    Avoid Confusion When Calculating Your Billing Rate

    Avoid Confusion When Calculating Your Billing Rate
    Read More →: Avoid Confusion When Calculating Your Billing Rate
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    Getting Paid on Construction Projects Before Bankruptcy

    In the current financial crisis, prompt payment on construction projects will be increasingly difficult.
    Read More →: Getting Paid on Construction Projects Before Bankruptcy
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    External Liquidity Strategies

    In the first installment of this series on liquidity strategies, we explored the merits of “internal” approaches which typically consist of selling to family, senior managers or to the tax-advantaged Employee Stock Ownership Plan (ESOP).
    Read More →: External Liquidity Strategies
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    The ABCs of Accurate Bidding

    Being able to accurately bid on construction jobs is one of the most critical skills you must have so your business will not only survive but thrive.
    Read More →: The ABCs of Accurate Bidding
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    Exit Strategies Using ESOPs

    Successful entrepreneurs know that it takes time and planning to maximize the value of their companies’ stock when they are ready to move on.
    Read More →: Exit Strategies Using ESOPs
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    How Contractors Can Prepare for Financial Challenges

    Conduct an honest business assessment, and take these steps to prepare for unexpected financial challenges.
    Read More →: How Contractors Can Prepare for Financial Challenges

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