Blog

Category: Construction

blog
July 22, 2019
Anti-Fraud Checklist for Construction Companies

According to the Association of Certified Fraud Examiners’ Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse, organizations victimized by fraud lose a median $130,000. But construction companies, in particular, are even harder hit, with a median loss...

July 1, 2019
2019 Third Quarter Tax Calendar

Key Tax Deadlines for Businesses and Other Employers:  Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. This list isn’t all-inclusive, so there may be additional deadlines that apply to you....

June 28, 2019
Grading the Performance of Your Company’s Retirement Plan

Imagine giving your company’s retirement plan a report card. Would it earn straight A’s in preparing your participants for their golden years? Or is it more of a C student who could really use some extra help after school? Benchmarking can tell you....

June 22, 2019
Midyear Performance Needs the Right KPIs

We’ve reached the middle of the calendar year. So how are things going for your business? Conversationally you might say, “Pretty good.” But, analytically, can you put a number on how well you’re doing — or several numbers for that matter? You can if you choose and...

May 15, 2019
The Simple Truth About Annual Performance Reviews

There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art performance review process overwhelming.The simple truth is that smaller companies m...

May 13, 2019
Should You Buy or Lease Business Equipment?

Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease. You’ve probably faced this decision when considering office space or a location for your company’s production facilities. But...

March 20, 2019
Use an Implementation Plan to Make Strategic Goals a Reality

Strategic planning comprises two primary tasks: establishing strategic goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively easy. It’s that second part — accomplishing those goals — that can really c...

March 14, 2019
Five Ways to Support your Sales Staff

“I could sell water to a whale.”  Indeed, most salespeople possess an abundance of confidence. One could say it’s a prerequisite for the job. Because of their remarkable self-assurance, sales staffers might appear to be largely autonomous. Hand them something to sell,...

March 6, 2019
Not Every Small Business Gets to Enjoy the Benefits of the New Tax Law

Many of the favorable attributes of the new tax law apply to businesses with less than $25M of gross receipts. In addition, these entities avoid the 30% of taxable income interest limitations under §163(j). Unfortunately, there is a significant exception to the $25M test. ...

February 27, 2019
Construction Companies – Dreaded Profit Fade

Profit fade comes into play when a company’s profit is lower than expected or budgeted.  It can happen in any industry, but it unfortunately happens quite often in construction.  Profit fades are common to construction companies due to the complex nature and some unknown...

February 27, 2019
Are Your Employees Ignoring Their 401(k)s?

For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees often grow so accustomed to having a 401(k) that they don’t pay much attention to it.  It’s in your best interest as a business owner to buck t...

February 18, 2019
Update on the New Business Interest Expense Limit Rules

The Tax Cut and Jobs Act imposed a new limitation for business interest expense.  Interest expense for the year is limited to 30% of adjusted taxable income plus any floor plan financing interest paid by vehicle dealers under new code section 163(j)(1).  This limitation ap...