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

What’s the big deal about telematics?

Under a simple definition, telematics is the electronic transmission of information from machine parts to a central database. In the last few years, software developers have stepped up their games in offering systems that deliver practical data about vehicles and heavy equipment to contractors and their fleet managers. This article explains how telematics can help contractors save money on vehicle maintenance.   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  >>

New Guidance Addresses Certain Leasing Arrangements

The Financial Accounting Standards Board (FASB) has issued new guidance that permits private companies following Generally Accepted Accounting Principles (GAAP) to, in some circumstances, elect not to consolidate the financial reporting from variable interest entities (VIEs) that lease property to them. This article explains how to determine whether an entity is a VIE and when a private company may elect an alternative not to apply the previously established GAAP VIE guidance to a lessor. However, a sidebar discusses certain disclosures that will still be required.    Read More  >>