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    Providing value-added services beyond the typical accounting firm. We see the big picture.

Should I use my own crew or hire a sub?

In this issue’s “Contractor’s Corner,” we answer a query about a general contractor’s temptation to use his own work crew for projects instead of bringing in a subcontractor. As the article explains, quality concerns and contract requirements usually weigh in favor of hiring a subcontractor.    Read More  >>

Put yourself in prime position for 2016

Year end represents an excellent opportunity for contractors to perform a number of accounting-related tasks that can put them in prime position to have a successful and profitable 2016. This article offers several detailed examples of such tasks, while a sidebar suggests three important questions to ask about tax planning.   Read More  >>

Recent law promotes training for skilled construction workers

The signing into law of the Workforce Innovation and Opportunity Act (WIOA) this past July didn’t garner many headlines. But the act’s potential impact on the construction industry is indeed newsworthy, for the act represents a chance to do something about the skilled labor shortage that’s been plaguing contractors for years. This article looks at the law’s attempt to consolidate and enhance a wide variety of federally run job-training programs.   Read More  >>

Are payroll cards a good idea for construction companies?

In this issue’s “Contractor’s Corner,” we answer a query about the feasibility of payroll cards for construction companies. Under this practice, employers issue workers a magnetic-striped card (much like a credit or debit card) that links to a payroll account. As the article explains, doing so offers cost savings and convenience for the business but comes with significant legal and administrative risks.   Read More  >>

3 ways to manage backlog (before it manages you)

For contractors, a healthy backlog is a good thing. But having too much of this good thing can lead to project delays and frustrated customers. This article offers three ways to stay in control: approaching bids methodically, tracking mobilization times and managing customers’ expectations.    Read More  >>

Discover the underlying value drivers of your business

Many contractors likely have a general idea of some of the primary elements that drive the value of their business. But there are a number of underlying value drivers that can impact an appraisal. This article looks at licenses and permits, engineering-related assets, and goodwill — all of which can reveal previously unseen perspectives on a construction company. A sidebar offers several reasons why contractors should get a valuation, even when they’re not selling the company.   Read More  >>

Creating a crisis communication plan

Negative fallout from a mishandled job-site crisis can have a lasting impact on a construction company’s bottom line. That’s why every contractor needs a crisis communication plan. This article explains how to create crisis categories, train company communicators and consider the emotional toll of difficult situations.   Read More  >>

What should I do with my idle equipment?

In this post we answer a question about what to do with a piece of idle construction equipment. There are essentially three choices: keep it, sell it or scrap it. The article discusses key points about each option.   Read More  >>

3 sneaky threats to a good estimate

Many contractors have a set approach to estimates that they’ve been using for years. If it’s working, great! But estimating is still an area fraught with risks, where even minor mistakes can add up to many lost dollars. This article points out three threats to a good estimate that can sneak up on even the savviest of estimators.   Read More  >>

3 key factors in succession planning

Succession planning is an important activity for every business owner. Moreover, it’s never too early to start thinking about the general concepts involved. This article describes three key succession planning factors to consider: the family, the buyer and the market.   Read More  >>