Accounting https://www.constructionbusinessowner.com/ en Exploring the Trifecta of Tax Changes https://www.constructionbusinessowner.com/accounting/exploring-trifecta-tax-changes <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Exploring the Trifecta of Tax Changes</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27409" typeof="schema:Person" property="schema:name" datatype="">Kathy Wells</span></span> <span property="schema:dateCreated" content="2022-03-04T10:00:18+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Fri, 03/04/2022 - 04:00</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>When you’re applying the same business practices day in and day out, there’s not much room for change. Real change often takes a different approach. With a new administration in Washington come new tax laws, and construction businesses should take the time to digest them. Some of the new laws were a response to the pandemic, and others represent a shift in policy. Viewed in conjunction with tax deferrals and other strategies in existence for years, new opportunities to help keep money invested in day-to-day operations and manage cash flow needs are now available.</p> <p> </p></div></div> </div> Fri, 04 Mar 2022 10:00:18 +0000 Kathy Wells 14824 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/exploring-trifecta-tax-changes#comments Building a Sustainable, Scalable & Sellable Construction Company https://www.constructionbusinessowner.com/accounting/building-sustainable-scalable-sellable-construction-company <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Building a Sustainable, Scalable &amp; Sellable Construction Company</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/30890" typeof="schema:Person" property="schema:name" datatype="">Alex Headley</span></span> <span property="schema:dateCreated" content="2021-09-28T18:34:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 09/28/2021 - 13:34</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Building a sustainable, scalable and sellable business is something all business owners should strive for. Unfortunately, too many entrepreneurs fail to build their business properly from day one. They lack the underlying foundation, systems and structure that are essential to all businesses, preventing them from building a profitable and efficient company. Business owners in the construction industry are no exception.</p></div></div> </div> Tue, 28 Sep 2021 18:34:00 +0000 Alex Headley 14603 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/building-sustainable-scalable-sellable-construction-company#comments A Shift in Strategy https://www.constructionbusinessowner.com/accounting/shift-strategy <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">A Shift in Strategy</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/30890" typeof="schema:Person" property="schema:name" datatype="">Alex Headley</span></span> <span property="schema:dateCreated" content="2021-05-21T12:30:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Fri, 05/21/2021 - 07:30</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Over the last decade, I have presented at numerous conferences and webinars on a variety of business topics. While I am enthusiastic about many subjects, strategic financial leadership is a personal favorite because it seamlessly blends my passions, which are three of the most critical levers of organizational success: business strategy, finance and leadership. As the construction industry evolves, so does the role the financial professional must play.</p></div></div> </div> Fri, 21 May 2021 12:30:00 +0000 Alex Headley 14434 at https://www.constructionbusinessowner.com Credit Demand in 2021 https://www.constructionbusinessowner.com/accounting/credit-demand-2021 <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Credit Demand in 2021</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/30890" typeof="schema:Person" property="schema:name" datatype="">Alex Headley</span></span> <span property="schema:dateCreated" content="2021-05-10T19:05:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Mon, 05/10/2021 - 14:05</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Uncertainty reigns as the United States moves through 2021. States nationwide and countries on every continent work to mitigate the effects of the pandemic. The human costs of the coronavirus continue to rise while we await widespread vaccination and hope for eventual herd immunity.</p> <p>However long that takes, economic recovery will take longer. The comeback, when it happens, may be gradual or it may be steep — but the new normal is not likely to be a return to the old normal.</p></div></div> </div> Mon, 10 May 2021 19:05:00 +0000 Alex Headley 14432 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/credit-demand-2021#comments Fighting Capital Erosion https://www.constructionbusinessowner.com/accounting/fighting-capital-erosion <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Fighting Capital Erosion</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/30890" typeof="schema:Person" property="schema:name" datatype="">Alex Headley</span></span> <span property="schema:dateCreated" content="2021-05-06T12:30:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Thu, 05/06/2021 - 07:30</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>In the first quarter of 2020, prior to the onslaught of the pandemic, the nation’s construction industry was thriving, adding more than $900 billion in gross domestic product (GDP) revenue to the United States economy. Both this revenue and high employment levels were the best the industry had seen since 2008.</p></div></div> </div> Thu, 06 May 2021 12:30:00 +0000 Alex Headley 14433 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/fighting-capital-erosion#comments How Paying Closer Attention to Contracts Can Mean More Successful Bids https://www.constructionbusinessowner.com/accounting/how-paying-closer-attention-contracts-can-mean-more-successful-bids <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">How Paying Closer Attention to Contracts Can Mean More Successful Bids</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/30890" typeof="schema:Person" property="schema:name" datatype="">Alex Headley</span></span> <span property="schema:dateCreated" content="2021-03-10T13:30:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 03/10/2021 - 07:30</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Submitting a competitively priced bid is key for a bidder to be selected and awarded a contract to build an owner’s project. However, submitting a competitive price is only part of the equation. Complying with the bidding documents and providing all requested information are the other parts.</p></div></div> </div> Wed, 10 Mar 2021 13:30:00 +0000 Alex Headley 14372 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/how-paying-closer-attention-contracts-can-mean-more-successful-bids#comments 6 Areas of Your Business Surety Underwriters Will Analyze Carefully https://www.constructionbusinessowner.com/accounting/6-areas-your-business-surety-underwriters-will-analyze-carefully <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">6 Areas of Your Business Surety Underwriters Will Analyze Carefully</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2020-05-26T14:30:20+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 05/26/2020 - 09:30</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Pay close attention to these 6 areas of your company's finances to make sure surety bond underwriters view your business in a good light. </p> </div></div> </div> Tue, 26 May 2020 14:30:20 +0000 Elizabeth Manning 13981 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/6-areas-your-business-surety-underwriters-will-analyze-carefully#comments The Contractor’s Guide to Getting Paid https://www.constructionbusinessowner.com/accounting/accounting-finance/contractor%E2%80%99s-guide-getting-paid <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">The Contractor’s Guide to Getting Paid </span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/29960" typeof="schema:Person" property="schema:name" datatype="">Rachel Fulford</span></span> <span property="schema:dateCreated" content="2019-12-11T20:47:56+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 12/11/2019 - 14:47</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>One of the most crucial aspects of managing a construction business is ensuring that you get paid. A steady cash flow helps you fulfill your financial obligations, purchase materials furnished by vendors and pay for the services of your subcontractors. It also allows you to take on new projects without any danger of going in the red. </p></div></div> </div> Wed, 11 Dec 2019 20:47:56 +0000 Rachel Fulford 13701 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/accounting-finance/contractor%E2%80%99s-guide-getting-paid#comments How to Find a Bank that Values Your Relationship & Not Just Your Money https://www.constructionbusinessowner.com/accounting/how-find-bank-values-your-relationship-not-just-your-money <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">How to Find a Bank that Values Your Relationship &amp; Not Just Your Money</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-11-06T22:56:59+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 11/06/2019 - 16:56</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>With the rise of large, global banks and internet banking, the relationship between a company and its banker has virtually disappeared. Gone are the days where a banker was a trusted advisor and an integral part of a company’s team. Unfortunately, the bigger the institution, the less ability it has to form a real relationship with its customers.</p></div></div> </div> Wed, 06 Nov 2019 22:56:59 +0000 Elizabeth Manning 13667 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/how-find-bank-values-your-relationship-not-just-your-money#comments How to Make Bank With Intelligent Payments Automation https://www.constructionbusinessowner.com/accounting/how-make-bank-intelligent-payments-automation <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">How to Make Bank With Intelligent Payments Automation </span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-10-02T18:11:56+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 10/02/2019 - 13:11</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Every modern company needs a vendor-payments strategy. That applies doubly for construction companies because the industry’s payment challenges are bigger than ever. And so are its opportunities.</p> <p>Payments are at the center of two critical areas of the construction business—vendor relationships and job progress. Getting strategic about how you pay can make a big impact.</p></div></div> </div> Wed, 02 Oct 2019 18:11:56 +0000 Elizabeth Manning 13544 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/how-make-bank-intelligent-payments-automation#comments