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.

Construction 95

Construction Tax bookkeeping payroll 95

Randal DeHart

DECEMBER 22, 2023

Outsourcing can offer a range of advantages for small construction businesses in today's competitive market. Small construction businesses can streamline operations, increase productivity, and scale faster than ever by working with external professionals or firms who work in certain areas. And that means they need to reduce costs.

Construction 94

Construction Account accountant accounted 94

Randal DeHart

JUNE 16, 2023

But with so many accounting principles and practices, it can be challenging to know where to start. This guide will break down the essential accounting principles that every small business owner should know. Why Are Accounting Principles Important for Construction Businesses? That's where we come in!

accounting concepts 77

accounting concepts Construction accounting principles Account 77

Randal DeHart

JANUARY 19, 2024

Mastering the right tone is critical when connecting and communicating with people in the construction business. For small construction businesses, email is frequently the preferred way to communicate with new leads, customers, and employees – but if you haven't mastered your tone, the meaning of your message may be lost.

Construction 95

Construction Account accountant accounted 95

Randal DeHart

SEPTEMBER 8, 2023

Not everyone knows construction accounting, and it is easy to assume all accounting is the same. Even if you have outsourced your financial functions, as a small construction business owner, having a solid understanding of critical financial concepts is crucial to work with your advisor and 'speak their language".

Construction 91

Construction Start-ups Account accountant 91

Randal DeHart

JULY 22, 2022

Accounts Payable keeps track of the bills owed to a supplier or subcontractor. A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. Again, the banker wants to know how long it takes to pay your bills.

accounts payable 80

accounts payable Construction bookkeeping Account 80

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.

Construction 122

Construction accounts payable accounting and finance accounting software 122

Accounting Today

DECEMBER 26, 2023

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

Construction 116

Construction accounting firms Account accountant 116

Randal DeHart

SEPTEMBER 15, 2023

Unfortunately, when a construction business grows, and staff need to be hired – or the owner needs to take time away from the company – it's an absolute liability not having processes and systems documented in one place. To run a construction business, you must be business-like. If so, your construction business won't last long.

Construction 89

Construction quickbooks bookkeeping Account 89

Randal DeHart

NOVEMBER 10, 2023

Finding some certainty can make all the difference in the unpredictable construction business world. While the future remains a mystery, budgeting and cash flow forecasting tools can significantly reduce uncertainty, allowing you to anticipate challenges, learn from past events, and enhance your ability to navigate your business.

Construction 85

Construction Sales Account accountant 85

Randal DeHart

JULY 15, 2022

The key to making Xero Accounting Online work is ensuring your account is correctly set up and maintained. We see pretty common errors - and unfortunately costly - so you should be aware of them if you want to get the most out of Xero's powerful cloud accounting system.

Construction 77

Construction Account accountant accounted 77

Randal DeHart

APRIL 28, 2023

Construction Company cash flow is the movement of money in and out of your Construction Company; these movements are known in accounting circles as inflow and outflow. Cash is king! Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest.

Construction 80

Construction Sales Account accountant 80

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Account accountant 130

Randal DeHart

DECEMBER 29, 2023

If so, your construction business won't last long. Many people who are 'very good at what they do' have failed. The familiar cry: "I'm far too busy for that" is no excuse. Are you 'too busy' to be a competent businessperson? You must continue to develop your business skills.

Construction 92

Construction bookkeeping Account accountant 92

Pooley Accounting Services

DECEMBER 2, 2021

You were up at 6:00 and at the construction site by 7:00. It’s 10:00 pm, and you’re trying to pull together a proposal for a huge construction project that is due tomorrow. Maybe, it’s time to think about accounting professionals or a firm with construction experience to help. construction accounting.

Construction 52

Construction Account accountant accounted 52

Xero

DECEMBER 7, 2022

This was certainly the case for Carly Shaw from Clarative Accounting. With these aspirations in mind, Carly and her colleague and friend Katie decided to embrace change and founded Clarative Accounting – a practice dedicated to helping small construction companies. . Here, Carly tells the story of Clarative Accounting. .

Construction 63

Construction Account accountant accounted 63

Anders CPA

DECEMBER 18, 2023

While some provisions are expiring, new regulations and updated rulings introduced by the CARES Act and the Inflation Reduction Act (IRA) will impact entity conversions, deductions and accounting methods for the construction industry. View the 2023 Tax Planning Opportunities for the Construction Industry report from Anders and CICPAC.

Construction 59

Construction tax planning Tax cpas 59

Randal DeHart

MAY 12, 2023

It's rare these days that your prospective leads happen to find your construction business and become a client with no work. Keep in mind: Marketing-Accounting-Production Taking steps to create a good foundation in the early days of your business is essential for a sustainable and profitable future.

Construction 77

Construction Sales Account accountant 77

Xero

APRIL 16, 2023

Since he was young, Johnno Green has had a penchant for construction. From the early days of building cubby houses and forts, Johnno has turned his childhood passion into a growing construction business with a team of carpenters, plasterers, painters and even his own apprentices. And this is how JCG Projects was born.

Construction 108

Construction bookkeeping Account accountant 108

Randal DeHart

SEPTEMBER 9, 2022

Looking for ways to make your job easier is the goal of all construction contractors. The opposite of too much change can create another form of chaos. How do you know what is broken if you change a zillion things all at once? The last thing you want to hear from your staff or a trade contractor is, "Do you want me to do that over?"

Construction 77

Construction bookkeeping Account accountant 77

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.

Construction 98

Construction CPA cpas Manufacturing 98

Randal DeHart

JUNE 3, 2022

One of the biggest challenges construction company owners like you have with an in-house bookkeeper is training them to work for your best interest, not theirs, and deliver consistent results and the reports you can trust daily, year after year.

Construction 78

Construction bookkeeping Account accountant 78

VJM Global

MARCH 18, 2024

04/WBAAAR/APPEAL/2023) The Company constructed a warehouse and let it out. The Company sought an advance ruling from WBAAR that whether the company is entitled to claim ITC on inward supplies received for construction of such warehouse. However, where construction expenses are not capitalized in books, the claim of ITC is admissible.

Construction 52

Construction Tax Legal Account 52

Xero

SEPTEMBER 28, 2022

Speaking of building, I’m proud to announce our new partnership with Procore , connecting their industry leading construction platform into Xero. . Chances are if you work in the construction industry, have a large client base that does, or are looking to expand your focus into the sector, you know who Procore is.

Construction 93

Construction accounting and finance bookkeeping Finance 93

Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. See our Property & Construction Team’s predictions and wish list for the Chancellor’s Spring Budget 2024 below. We know the CGT allowance is due to be reduced from £6,000 to £3,000 in April 2024 so this could be delayed or scrapped.

Construction 52

Construction chartered accountant Tax accounting firms 52

FraudFiles

MARCH 3, 2021

Tracy Coenen talks about the prevalence of fraud allegations related to construction projects and the work a forensic accountant can do in construction claims. She goes through the basics of the financial analysis performed on the numbers and documents related to the construction project.

forensic accounting 52

forensic accounting Construction Account accountant 52

Randal DeHart

DECEMBER 9, 2022

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. The key is continuously refining your construction company's practices and procedures.

Construction 76

Construction bookkeeping Account accountant 76

Randal DeHart

SEPTEMBER 22, 2023

Every construction business can benefit from dedicated financial management expertise, but very few small companies have the means to hire someone full-time—particularly in the lean early years. Their specialty is providing outsourced CFO services to small and medium businesses.

Construction 88

Construction Start-ups Finance quickbooks 88

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.

Construction 89

Construction bookkeeping tax preparation New Hampshire 89

Going Concern

FEBRUARY 27, 2024

If you’re a high school student and future accounting major hoping to receive your undergraduate education from a friendly chatbot, we’re sorry to say that won’t be happening any time soon. There were ten questions for the Introductory Financial Accounting and 10 for the Advanced Financial Accounting course units.

Account 113

Account accountant accounted Construction 113

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.

Construction 87

Construction bookkeeping tax preparation New Hampshire 87

FraudFiles

AUGUST 8, 2022

What kinds of things can forensic accountants be involved in relative to construction fraud? Also common is the construction company claiming a project is further along than it really is in order to get paid more than it is entitled to. Unraveling a situation like this is a great project for a forensic accountant.

Construction 52

Construction forensic accounting Account accountant 52

Randal DeHart

DECEMBER 16, 2022

Most construction business owners who reach out to us describe this as their "Year End Madness" to prepare their documents for the tax accountant. The end of the year tends to be chaotic for construction company owners, but it's an excellent time to get some extra housekeeping done for your business. The year is almost over.

Construction 78

Construction tax preparation quickbooks tax accountant 78

RogerRossmeisl

NOVEMBER 8, 2023

Certain industries — for example, construction, real estate, manufacturing and transportation — are usually more vulnerable to employee theft, according to the Association of Certified Fraud Examiners (ACFE). Construction Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud.

Real Estate 241

Real Estate Construction payroll Transportation 241

Randal DeHart

MARCH 10, 2023

A USP (Unique Selling Proposition) is a compelling reason for your target market to choose your construction business over your competitor's. Examples range from cutting-edge service and product features to simply being more convenient and easier to find for the target market.

Construction 75

Construction Account accountant accounted 75

Randal DeHart

APRIL 7, 2023

Starting a construction business is not for the faint of heart. Work with an accountant or bookkeeper to help you identify issues with your cash flow as soon as you know there's a problem–or to prevent one before it happens. A certain level of stress comes with ensuring your company's success.

Construction 76

Construction bookkeeping Maine Start-ups 76

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.

Construction 78

Construction bookkeeping Account accountant 78