MyIRSRelief

MARCH 1, 2022

Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. As part of our research for this article we discovered many benefits of using a bookkeeping service and we included our top five reasons.

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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

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

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.

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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.

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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?"

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Construction bookkeeping Account accountant 75

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.

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Construction bookkeeping Account accountant 74

Steve Feinberg

MARCH 15, 2023

Construction companies and tradespeople both have difficult jobs requiring long hours, skilled labor, and plenty of liability if the final product isn’t up to snuff. Without proper financial oversight and budgeting, enough of these bad jobs can put a cabinetry company out of business—and that’s where bookkeeping comes in.

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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".

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Construction Start-ups Account accountant 89

Randal DeHart

MAY 13, 2022

Every day you make financial decisions about your company, which affect how successful and sustainable your construction business is. If you're responsible for the bookkeeping and all the paper management (bills, receipts, estimates, invoices), you could be making errors that affect your decisions.

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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.

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Randal DeHart

OCTOBER 13, 2023

In the construction business world, one constant factor you are likely to encounter is change, particularly in the financial landscape. Understanding how this impacts your construction business and identifying solutions to counteract these effects can be vital to sustaining and growing your company.

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Construction Finance bookkeeping services bookkeeping 85

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.

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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.

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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.

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Steve Feinberg

NOVEMBER 30, 2022

Construction and remodeling businesses don’t operate the same way as, say, the corner grocery store. All of these and more can make accurate, effective bookkeeping for remodeling businesses difficult, which can lead to costly mistakes. Why Is Bookkeeping for Remodeling Businesses Different?

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Steve Feinberg

SEPTEMBER 7, 2023

Adding bookkeeping on top can be more than most contractors are willing or able to handle. Bookkeeping helps you do just that. Bookkeeping helps you do just that. Let’s look at some of the best tips and advice for bookkeeping for home service contractors.

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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.

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Construction Start-ups Finance quickbooks 87

Randal DeHart

AUGUST 18, 2023

Not only can it hurt your bottom line, but it can also damage your construction company's reputation. Here we discuss employee expense fraud, the reasons behind it, and, most importantly, how to prevent it from happening to your construction business. Expense reimbursement fraud is the last thing you want to face.

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Construction Expense Reimbursements bookkeeping 75

Randal DeHart

SEPTEMBER 1, 2023

Mistakes can be expensive in the construction business, and as an entrepreneur, although you'll know many of the regulations that apply to your business, there are so many that you can't possibly remember all of them.

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Construction Legal bookkeeping 89

Randal DeHart

OCTOBER 14, 2022

In the past, Construction Project Managers were laborers or served an apprenticeship in one of the skilled construction trades and were promoted to foreman. Because of this, many construction companies failed and went out of business due to the Cost of Chaos in their businesses. And it is still happening today.

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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. Taking steps to create a good foundation in the early days of your business is essential for a sustainable and profitable future. Keep in mind: Marketing-Accounting-Production

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Construction Sales Account accountant 75

Randal DeHart

OCTOBER 6, 2023

Small construction business owners must be adequately prepared to meet with a lender to present their business in the best possible light and ready for the money they need. Getting approved for a business loan or line of credit is more complicated than qualifying for a personal loan.

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Construction bookkeeping Finance 89

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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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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Randal DeHart

JUNE 16, 2023

Why Are Accounting Principles Important for Construction Businesses? We'll discuss how these principles can help you keep track of financial transactions, create accurate financial statements, and make informed decisions for your business. So, let's dive in, shall we? Accounting principles are the foundation for any successful business.

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Xero

JULY 28, 2022

Like his renovations, Johnno built his business on strong foundations; a solid client list, good processes and some valuable advice from his bookkeeper, Gecko Bookkeeping. Initially we considered an overdraft or bank loan to get us by, then our bookkeeper suggested we apply for invoice finance through Xero.

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Randal DeHart

NOVEMBER 11, 2022

Folks accustomed to getting things done quickly and efficiently do not mind paying professionals for servicing, repairing, remodeling, or building new construction projects related to their houses and commercial buildings. Understanding the High-Profit Client Most of them have personality traits commonly known as drivers.

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Construction payroll tax payroll bookkeeping 75

Randal DeHart

JULY 21, 2023

As a business owner, you know the right people are crucial to your construction company's success. The best employees can help you achieve your business goals, improve productivity, and drive growth.

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Construction bookkeeping 76

Steve Feinberg

JANUARY 30, 2023

All of the industry experience necessary to run a functioning HVAC company leaves little time to learn the minutiae of business accounting, bookkeeping, taxes, and payroll—unfortunately, these things are exactly what can keep even the best businesses from turning a profit. Let’s take a look at five bookkeeping tips for HVAC companies.

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Randal DeHart

DECEMBER 2, 2022

Cutting costs can be a quick and easy way to improve the profitability of your construction business. Introducing cost-control measures can bring immediate savings and ensure you remain profitable in the long term. But cost-control measures must be carefully managed.

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Construction bookkeeping Account accountant 74

Randal DeHart

JANUARY 20, 2023

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. If you just did, congratulations, you have decided to own and operate a construction company.

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Construction bookkeeping Account accountant 73

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.

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Randal DeHart

JANUARY 6, 2023

However, your construction business (and personal) budget is one area where you should keep your resolutions from slipping. Businesses tend to progress more consistently if the owner sets financial goals and makes a plan to achieve them. With that in mind, read on to learn the steps for setting financial goals for your business for 2023.

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Randal DeHart

JANUARY 13, 2023

There are many benefits to digital payroll for construction business owners and staff alike. While every contractor recognizes the flaws of using ineffective tools, they may still be losing money due to inefficient payroll tools and processes. As with most things, payroll is going digital – for a good reason.

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Construction payroll bookkeeping Account 76

Randal DeHart

MAY 6, 2022

Success in operating a profitable construction business is all about maintaining the proper balance of control over both The Profit Centers and The Cost Centers. If either one gets too powerful and is allowed to run your construction company, it can cause more damage than good.

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Construction Non-Profits Technology bookkeeping 82

Randal DeHart

SEPTEMBER 16, 2022

There are a few different methods that employers use to pay their employees, and while they may have similarities, they each also have implications for your construction business and employees. On top of that, there may be a blended model at play, in which you offer two types of compensation at once, such as a wage and bonuses.

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