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Accounting

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    Don’t Lose Your Credit: A Cautionary Tale

    Proactive strategies for working with lenders
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    Begin Your Year-End Planning Now

    An early start allows time to take proactive steps and better position your company for tax time.
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    Establish Your Labor Burden Rate for Your Construction Company

    The need to maximize profitability is more important than ever.
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    The Benefits of Construction Software

    Achieve operational efficiencies with an all-in-one solution.
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    Tax Deduction Strategies for Your Construction Business

    How to control your taxable income through two possible depreciation methods.
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    How to Build a Contractor Teaming Arrangement, Part 2

    Minimize future disputes with this checklist of provisions.
    Read More →: How to Build a Contractor Teaming Arrangement, Part 2

  • Attract and Retain Better Employees with Pay For Performance Plans

    “The belief that a performance compensation system creates employee accountability is wrong, just as wrong as the company that believes Christmas bonuses create productivity.”  Tony Burruano, CEO Burruano GroupHow to Prepare for Performance Pay Systems This plan should define:  2.  Test the concepts of the plan for three months.  Explain what you wish to accomplish with your plan to your key or critical people.  Let them know that prior to the implementation of a performance incentive program, there will be a three month test period.  Reward them if they achieve their objectives for this three month test period. You will know your company is under control when it achieves its objectives for a three month period. A company out of control will never succeed with…
    Read More →: Attract and Retain Better Employees with Pay For Performance Plans

  • Health Savings Accounts: Cost-Saving Mechanism and an Executive Benefit

    The Health Savings Account (HSA) is capturing an ever-larger share of the health insurance marketplace. Today it is commonly used by larger companies, but creative, profit-minded companies of any size should consider it. It is a unique opportunity both to save money and to benefit employees, particularly executives.
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    Better Next Year No. 5: Improve Communication between Office and Field

    Surely everyone in construction understands the value that comes from two-way communication between the back office and the field. Or do we?
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    Impact of Lease Accounting Changes

    Proposed changes to lease accounting rules could have a ripple effect.
    Read More →: Impact of Lease Accounting Changes

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