Accounting Today

NOVEMBER 13, 2023

Kit Dickinson of ADP shares the latest issues in the construction industry, and what they need from their CPAs.

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Construction Account accountant accounted 122

RogerRossmeisl

AUGUST 9, 2021

Fraud is costly for all victimized companies, but it’s even worse in the construction sector. Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. The post Preventing Fraud in your Construction Company appeared first on Roger Rossmeisl, CPA.

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Construction payroll tax payroll CPA 217

Cherry Bekaert

NOVEMBER 14, 2023

The discussion below focuses in on tax planning opportunities tailored specifically for the real estate industry: deferring revenue, maximizing deductions, and utilizing available credits and incentives. Contact Us The post 2023 Year-End Tax Planning Strategies for the Real Estate and Construction Industry appeared first on Cherry Bekaert.

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Real Estate tax planning Construction Tax 109

RogerRossmeisl

NOVEMBER 9, 2023

Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS Audit Techniques Guides (ATGs). The post How IRS Auditors Learn About Your Business Industry appeared first on Roger Rossmeisl, CPA.

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auditor audit tax return Construction 130

Cherry Bekaert

APRIL 26, 2024

Company Background The Company is a prominent player in commercial and residential real estate construction, operating across the southeast of the U.S. With more than five million square feet of space developed or redeveloped, the Company focuses on retail, multi-family, hospitality, office, industrial and residential properties.

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Real Estate Construction North Carolina South Carolina 52

Randal DeHart

JANUARY 12, 2024

Tax season can be a bit overwhelming for construction business owners, especially with many things to keep track of in our industry. We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes.

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Construction Tax bookkeeping payroll 94

Randal DeHart

JULY 7, 2023

When it comes to the construction industry, employee training and development is crucial for success. From safety training to technical skills development, a variety of areas can be focused on in construction employee training and development programs. Don't have an employee?

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Construction 88

RogerRossmeisl

SEPTEMBER 6, 2021

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Many ATGs target specific industries or businesses, such as new vehicle dealerships, construction, aerospace, art galleries, architecture and veterinary medicine. Unique issues IRS.

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auditor audit Construction CPA 214

Cherry Bekaert

FEBRUARY 24, 2023

By pairing climate investment with creating good paying jobs, the IRA’s unparalleled investments to fight the climate crisis will help improve job quality in clean energy industries and incentivize the expansion of related workforce training pathways. When do prevailing wages need to be paid to qualify?

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Real Estate Construction Tax 75

Accounting Today

DECEMBER 26, 2023

Federal money is keeping construction businesses busy, but comes with its own complications.

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Construction accounting firms Account accountant 120

Withum

FEBRUARY 9, 2023

Sage Intacct Construction is one of the top construction finance management software providers and is the first and only AICPA-preferred accounting solution for general contractors and developers. Sage Intacct Construction enables proactive management of valuable financial metrics and improves cash flow.

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Construction accounts payable accounting and finance accounting software 122

PYMNTS

JUNE 24, 2020

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. Additionally, the infrastructure automates the procedure for processing the hard copy and emailed invoices that construction firms receive for their work.

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AP Automation Construction Technology NetSuite 75

TaxConnex

OCTOBER 29, 2020

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. That might be true in some states but different states have different rules when it comes to construction services.

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Construction Sales Tax South Dakota 137

Cherry Bekaert

JANUARY 31, 2024

The construction industry is vital to the U.S. With more than 919,000 employers and more than eight million employees, the industry spends around $2.1 With more than 919,000 employers and more than eight million employees, the industry spends around $2.1

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Construction accounting software Account accountant 52

Withum

AUGUST 1, 2022

Withum is proud to announce that Construction Executive , a leading publication in the construction industry, named Withum in their list, The Top 50 Construction Accounting Firms. We have served the construction industry for over 40 years and have made it our mission to provide world-class service to all of our clients.

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Construction CPA cpas Manufacturing 98

Xero

SEPTEMBER 28, 2022

This is all part of the work we are doing to build out the Xero platform, catering to the industry specific needs of our customers. Speaking of building, I’m proud to announce our new partnership with Procore , connecting their industry leading construction platform into Xero. . Why did we choose Procore? We want to change that.

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Construction accounting and finance bookkeeping Finance 93

Katz,Sapper&Miller

NOVEMBER 14, 2019

Katz, Sapper & Miller’s Andrew Goodman will speak at the AssuredPartners Construction Industry Seminar. 19 in Indianapolis, the seminar brings construction professionals together to discuss trending topics in the industry including the legal, financial, and operational risks that construction firms face.

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Construction Legal 62

Cherry Bekaert

AUGUST 29, 2023

In this episode of the Real Estate and Construction Podcast, Mark Cooter , Real Estate, Construction & Hospitality Industry Practice Leader, and Ron Wainwright, Energy Tax Credits & Incentives Leader, discuss how the real estate and construction industry can best utilize the Section 45L tax credit.

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Real Estate Construction Tax Hospitality 86

Xero

APRIL 16, 2023

Since he was young, Johnno Green has had a penchant for construction. The silver lining for Johnno was taking on contract jobs and, eventually, rallying his own crews to straddle both industries once the economy picked up again. Lightening the load with digital tools Undoubtedly, running a construction company is complex.

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Construction bookkeeping Account accountant 108

Randal DeHart

FEBRUARY 3, 2023

Operating and growing your construction business requires more than functional and skilled employees, but it's an excellent start. Building a construction business requires collaboration and partnership. You need a steady stream of quality, paying clients to keep your company afloat.

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Construction bookkeeping Account accountant 77

Randal DeHart

JULY 14, 2023

In this article, we'll explore ways to adapt and improve your construction company during slowdowns, so your business can emerge more substantial when the market bounces back. Instead, focus on your own business and industry to identify the real challenges you're facing. Research might even uncover some opportunities too.

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Construction Sales 82

Randal DeHart

FEBRUARY 17, 2023

How often have you hired someone with the expectation that they know how construction works, and then you found out they did not know about it? You are a master in the construction industry, so you recognize what to look for in your particular field and quickly observe if someone has the skillsets, and you proceed accordingly.

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Construction tax accountant Account accountant 86

Randal DeHart

AUGUST 25, 2023

Working with family and friends can be fun and rewarding, especially in the construction industry. All family-owned companies, Volkswagen, Samsung, and Nike, are among the world's most successful, leading brands. I know because we've been in one.

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Construction 75

Withum

MARCH 7, 2022

At Withum, we are fortunate to have over fifteen talented women on our Construction, Architecture and Engineering Services Team across the U.S. Q 1: What makes you proud of working in the AEC industry? Conor Barnes, Manager: The AEC industry builds our neighborhoods. Q 2: Women comprise approximately 10% of the AEC workforce.

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Construction Entertainment tax accountant Start-ups 105

Cherry Bekaert

NOVEMBER 6, 2023

Situation Due to its strong reputation in the real estate and construction industry, the Company reached out to Cherry Bekaert for assistance with claiming tax credits. Contact Us The post Section 45L Tax Credit Saves Real Estate Construction Firm Over $350,000 appeared first on Cherry Bekaert. million in revenue.

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Real Estate Construction South Carolina Tax 75

Menzies

NOVEMBER 24, 2023

The autumn statement has been a mixed bag for the property and construction sector. Here’s our summary of the main points: What does this mean for the Construction sector ? Whilst it provides good news for larger scale infrastructure projects it fails to address some of the sector’s key concerns.

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Construction chartered accountant accounting and finance Tax 59

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

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Construction bookkeeping tax preparation New Hampshire 89

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

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Construction bookkeeping tax preparation New Hampshire 87

Randal DeHart

FEBRUARY 16, 2024

However, this can be easier said than done in a highly competitive trade industry. For a business to thrive and grow, it needs a strategic plan and the ability to find new customers and continually tap into promising markets. With time, the quality of your work will speak for itself, which is the most valuable testimonial of all.

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Construction 88

Randal DeHart

MAY 13, 2022

Every day you make financial decisions about your company, which affect how successful and sustainable your construction business is. Keeping up with paperwork is a typical construction business timewaster we noticed in more than thirty years in the industry.

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Construction bookkeeping bookkeeping services Technology 78

Randal DeHart

JANUARY 20, 2023

Freelancers in all industries deal with the same problems due to the nature of their work. Most of you came from the skilled craftsman trades; some worked as construction company managers and have now started or thought of starting your business.

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Construction bookkeeping Account accountant 74

Randal DeHart

OCTOBER 1, 2022

But, have you always wondered how a small construction company like yours could stand out from the crowd and its competitors? Awareness of what others in your industry have developed and provided leads to a newfound motivation and belief in making an impactful difference, whether within your company or your community.

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Construction 73

Pooley Accounting Services

AUGUST 19, 2021

Knowify, Construction Management Software. As for training, they both offer live online training, webinars, videos, and documentation. simPRO does have an in-person implementation that typically takes a week to get things started and get the initial training completed. This service comes with a one-time cost. Company Background.

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Construction quickbooks Start-ups Account 52

Randal DeHart

JANUARY 27, 2023

Inflation has ballooned worldwide in recent months, and there's no question that small construction businesses are feeling the pinch. Be aware of what's going on in your industry and adjust. Supplies cost more, employees are hard to find, and your profits are shrinking. Customers judge a business based on perceived value.

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Construction bookkeeping Account accountant 79

Randal DeHart

APRIL 21, 2023

Many problems can be traced back to the "Halo Effect," which happens when a contractor thinks, "We are so good at (fill in the blank) we should expand into (fill in the blank)."

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Construction Start-ups 70

Withum

FEBRUARY 16, 2024

Benefits, Challenges and Pitfalls of Healthcare M&A Mergers and affiliations in the healthcare industry have significantly increased, these transactions include all aspects of healthcare including hospitals and healthcare systems, physicians, ancillary healthcare entities and private equity firms. Already Registered?

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Healthcare Hospitality Construction Tax 52

Withum

MAY 17, 2023

Recent inflation has created a strain on real estate construction projects, as commodity and building material prices have soared. A substantial factor in this strain is the cost of mined products used in construction and energy related to the production and transportation of such.

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Real Estate Construction Transportation New York 72