topic

Accounting

Accounting insights for construction firms—job costing, financial reporting, cash flow and bookkeeping strategies to keep contractors profitable.

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    Are There Tax Incentives to Upgrading Our Software?

    Fred Ode answers your construction accounting and finance questions.
    Read More →: Are There Tax Incentives to Upgrading Our Software?
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    Strategies for Enhancing Contractor’s Cash Flow

    Cash flow is just as important to a contractor’s business as profitability.
    Read More →: Strategies for Enhancing Contractor’s Cash Flow
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    10 Strategies for Reducing Overhead Expenses

    Banks are continuing to post enormous losses, and the stock market is struggling to recover from a mid-year swoon.
    Read More →: 10 Strategies for Reducing Overhead Expenses
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    Survive Tough Economic Times

    Executing the basics well is the key to success in any construction business. The things you put in place now will help you get through the current situation and give you a strong foundation to grow.
    Read More →: Survive Tough Economic Times
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    New Markets Bring Opportunities and Challenges

    Before expanding into a new market, prepare yourself for financial and tax issues. With this stagnant economy relentlessly pounding down the construction industry, many firms have expanded geographically to get more work. While it sounds relatively simple, working in a new geographic area comes with a set of challenges. In fact, the more experience a construction firm has in one market, the more difficult it can be to learn the performance and compliance issues in a new territory. Many have done this successfully, but many others have actually lost money on out-of-state projects.   Some of the challenges businesses face include workforce and labor practices and issues related to finances and taxes.  If you are considering bidding on out-of-state projects or have just begun the…
    Read More →: New Markets Bring Opportunities and Challenges
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    Key Performance Indicators: Your Early Warning System

    Know your construction business’ monthly metrics by identifying Key Performance Indicators.
    Read More →: Key Performance Indicators: Your Early Warning System
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    New IRS Audit Likely to Snare Some Contractors

    One of many lessons learned by governments the past three years is that unpaid taxes make economic downturns considerably worse.
    Read More →: New IRS Audit Likely to Snare Some Contractors
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    3 Key Steps for Shifting to Public Works Projects

    The contractor’s guide to navigating prevailing-wage jobs
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    Maximize Cash Flow and Control Overhead for Your Construction Business

    Follow these guidelines to keep your construction business afloat in an unsure economy.
    Read More →: Maximize Cash Flow and Control Overhead for Your Construction Business
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    Ensure Cash Flow in Construction Projects

    Take a proactive approach to money management and ensure a steady cash flow by following these helpful tips.
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    Tax Tips for Construction Contractors

    Construction contractors should keep in mind these tax tips that can possibly help them save money for their companies in the long run.
    Read More →: Tax Tips for Construction Contractors
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    Contractor Profitability: Tracking Real Profit

    How much money are you making on that construction job that’s wrapping up? Not sure? You’re not alone.
    Read More →: Contractor Profitability: Tracking Real Profit

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