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Showing 129–144 of 386 results

  • Construction Success Story – Jobsite cameras do a whole lot of good

    May / June 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 437

    Abstract: This issue’s “Construction Success Story” features a general contractor who was short on project managers and suffered from safety foibles and jobsite thefts. After discussing these challenges with his CPA, the two of them came up with a solution: jobsite cameras. Following thoughtful due diligence and the development of a carefully calculated budget, a purchase was made.

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  • Buy-sell agreements require regular maintenance

    May / June 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 658

    Abstract: Most companies with more than one owner should enter into a buy-sell agreement, including construction businesses. Once it’s drawn up, the agreement should be reviewed periodically to ensure it still suits ownership’s needs. This article describes some of the important things to check up on, including the purpose, triggers, structure and funding mechanisms.

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  • Avoiding project delays and getting back on track

    May / June 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 529

    Abstract: “Expecting the worst and hoping for the best” is a valid approach to construction. By understanding why projects most often bog down, and recognizing some early warning signs, contractors can put themselves in a better position to turn things around. This article describes a few common causes of job delays and suggests some steps to take should a project slowdown occur.

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  • Know your worth – Valuation insights can be priceless

    May / June 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 967

    Abstract: Many construction company owners underestimate the value of their business. This is partly because the valuation process itself is often shrouded in mystery. This article takes a detailed look at one approach to appraising a construction company — using five years’ worth of financial data to project future cash inflows. A sidebar urges contractors to practice discretion when undergoing a valuation.

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  • Construction Success Story – Heavy equipment training improves with simulators

    March / April 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 461

    Abstract: This issue’s “Construction Success Story” features a general contractor who found himself intrigued after witnessing a trade-show demo of a simulator for training crane operators. After speaking to the sales rep, he sat down with his CPA to estimate the potential value of such a pricey purchase and to discuss how to wisely shop for one.

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  • Subcontractors, what should you do when a bid goes bad?

    March / April 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 673

    Abstract: From childhood on, we’re all told that “everyone makes mistakes.” Unfortunately, sometimes this particular aspect of the human condition can afflict subcontractors as they submit bids. This article discusses the legal impact of a bidding mistake and suggests some ways to mitigate the situation.

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  • 5 major construction risk factors identified in recent study

    March / April 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 542

    Abstract: It’s impossible to run any business without incurring risks, but the construction industry is riskier than most. Just last year, an important study was released called the Construction Risk Index 2017. This article discusses five of the most pertinent factors identified, including geopolitical instability and new technologies.

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  • Take a break – New tax law offers opportunity to “pass-through” owners

    March / April 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 787

    Abstract: Late last year, Congress passed and the president signed into law the Tax Cuts and Jobs Act. One of its most notable changes is a new tax deduction available to owners of pass-through entities. This article explains how the new tax break works. A sidebar looks at changes the new tax law brings to owners of C corporations.

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  • Construction Success Story – Contractor gets crackin’ on better WIP reports

    January / February 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 445

    Abstract: This issue’s “Construction Success Story” features a commercial HVAC contractor who was consistently experiencing cash-flow problems as his jobs neared completion. He sat down with his CPA, who told him he needed to update his work in progress reports and make better use of them.

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  • Is it time to buy a drone? Issues to consider

    January / February 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 543

    Abstract: Over the last few years, drones (or, more properly, unmanned aerial vehicles) have evolved from novelty items to integral tools in many a contractor’s inventory. But that doesn’t necessarily mean buying one is absolutely necessary for every construction company. This article discusses some of the issues involved in the buying decision.

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  • Secure your front office against the threat of fraud

    January / February 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 675

    Abstract: In its 2016 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that construction businesses suffered a median loss of $259,000 in the 86 cases reported. Contractors must secure their front offices against such financially devastating crimes. This article points out some of the more common ways dishonest employees steal money and suggests three countermeasures to consider.

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  • The fight goes on – Considering costs and revenue when battling profit fade

    January / February 2018
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 914

    Abstract: When construction costs start to creep over revenue coming in, a contractor is suffering from “profit fade.” This problem can arise out of costs or revenues (or both), so it’s important to look at each of these elements independently. This article examines two common cost factors and discusses contributing revenue factors. A sidebar delves into how indirect costs, namely insurance expenses, can trigger profit fade.

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  • Construction Success Story – Contractor seeks clarity on an IT strategy

    November / December 2017
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 442

    Abstract: This issue’s “Construction Success Story” features a restoration contractor whose improvisational approach to technology was leaving the front office out of sync with work crews and hurting customer service. She sat down with her CPA to answer some key questions about creating a comprehensive, cost-effective IT strategy.

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  • Exploring the concept of an incentive-based safety program

    November / December 2017
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 671

    Abstract: Every construction company must take steps to promote and ensure jobsite safety. But is offering financial incentives for safe work habits a viable approach? This article explains that there’s no simple answer, because incentive-based safety programs offer both benefits and risks.

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  • Need money fast? Contractors have options

    November / December 2017
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 543

    Abstract: For contractors, many of whom get paid only after work is completed, obtaining funds from traditional lenders can be difficult. Fortunately, there are a variety of other lending options that offer quick access to cash (with notable risks, of course). This article touches on five such options, including invoice factoring and leaseback programs.

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  • Get ready to recognize … differently – New accounting rules for revenue recognition are coming

    November / December 2017
    Newsletter: Contractor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 956

    Abstract: GAAP-compliant construction businesses will face an important change in about one year. That’s when Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, begins to take effect for private companies. This article discusses the important modifications to revenue recognition that will occur under the new rules. A sidebar warns of additional disclosures to be required under the standard.

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