Cash is essential to running day-to-day operations and improving a company’s financial position when presented to banks and other creditors, so contractors continue to search for ways to keep cash available. Continue »
Construction firm owners are no different from any other business owner when it comes to wanting to know their business’s value. Whether it’s for a potential sale of the business or establishing a value for gift and estate taxes, securing a formal business valuation is critical.
Construction executives have many issues to consider when it comes to payroll. With personal and student loan debts on the rise, contractors’ accounting departments need to add the potential liability for wage garnishment to their list of worries. Continue »
While contractors are in the business of construction, an IRS auditor’s line of work is more like deconstruction. It’s the auditor’s job to review and tear apart tax returns to make sure the federal government gets every dollar of individual and business revenue it’s due. Continue »
Construction companies are challenged with transactional tax – what sales or use tax contractors should pay, what tax should be invoiced and whether exemptions are applicable. Continue »