Income Recognition
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Trends to Watch in the Construction Industry
Nov 01, 2023
This article is sponsored by Commerce Bank. Despite recent growth, the construction industry stil...
Tax Planning Strategies That May Benefit Construction Companies
Nov 01, 2023
The following content is sponsored by CLA. Before you close your books for the year, review tax p...
How to Emotionally Prepare for the Sale of Your Business
Jul 03, 2023
The following content is sponsored by Eide Bailly. Transitioning your construction business is mu...
How to Streamline Your Accounting Processes to Improve Your Overall Operations
Nov 01, 2022
The following content is sponsored by Eide Bailly. Having stagnant accounting processes is a sure...
Compensation Update: It’s All About the Numbers
Jul 08, 2022
Whether times are good or we hit the eventual slump, construction compensation always offers some...
How a Construction Retention Payment Affects Ongoing Projects
Dec 01, 2021
Practically all construction contracts include provisions for payment retention. This means const...
Considering Topic 606: Liquidated Damages
Nov 17, 2021
Upon the adoption of Financial Accounting Standards Board (FASB) Accounting Standards Codificatio...
Is Cloud-Based Construction Software Safe for Construction Accounting Data?
Aug 30, 2021
While technology has seeped into the lives of most individuals, contractors in the construction i...
How Construction Retention Payments Affect Ongoing Projects, and How to Ease the Burden Retainage Creates
Aug 03, 2021
Sponsored Content: Practically all construction contracts include provisions for payment retentio...
3 Profit Pitfalls in Project Accounting
Aug 02, 2021
Sponsored Content: Accurate project-by-project accounting is essential to maintaining control of ...
WIP Accounting: Critical and Often Misunderstood
Jun 29, 2021
In a study of thousands of construction company audited financial statements testing the profit p...
Construction KPIs that Help Build a Better Business
Jun 01, 2021
Sponsored Content: When decision-makers spend too much time buried in reports, they may miss impo...
Construction Cost Management: The Quiet Revolution
Mar 21, 2021
Sponsored Content: In construction the “bottom line” is comprised of a thousand moving targets. T...
Revenue Recognition: What We Learned & What Surprised Us
Mar 01, 2021
We’ve spent years preparing for the implementation and transition to Revenue from Contracts with ...
Hold On For Another Wild Ride: Compensation Trends 2021
Mar 01, 2021
Many clichés or phrases could be used to describe 2020. But the one that seems to hit home is fro...
Show Me the Money: Unique Lending Challenges for Contractors
Jul 01, 2020
Construction contractors operate in a unique world where obtaining financing isn’t as easy as sim...
ASC 606 Implementation Road Map
Jan 01, 2020
December 31, 2019, is fast approaching. For those who have been working through the various issue...
Accounting & Tax Update
Nov 01, 2019
Several accounting standard updates (ASUs) are applicable for December 31, 2019 year-ends, and re...
R&D Credit in the Construction Industry: Does Your Company Qualify?
Jun 01, 2018
While it may be uncommon to associate the research and development (R&D) credit with our industr...
Protecting Liquid Investments in the Face of Interest Rate Hikes
Jul 01, 2016
For years, consumers and businesses alike have been concerned about the likelihood of a rate hike...