Randal DeHart

MAY 19, 2023

Sales and profit are two very different things – as a construction business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that solid cash flows from sales deliver little profit. A cash flow forecast tracks cash flowing in and out of your business.

Construction 80

Construction Sales account accountant 80

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.

tax 189

tax Construction Sales South Dakota 189

Insightful Accountant

MAY 10, 2023

Deal adds cloud native preconstruction and project management solutions to Construction and Real-Estate (CRE) Portfolio.

Construction 90

Construction Real Estate 90

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 73

Construction account accountant accounted 73

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 76

Construction bookkeeping account accountant 76

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.

tax accountant 84

tax accountant account accountant accounted 84

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.

Construction 82

Construction quickbooks bookkeeping 82

Randal DeHart

APRIL 7, 2023

Starting a construction business is not for the faint of heart. A certain level of stress comes with ensuring your company's success. If things go wrong, it all falls back on you. That said, the freedom and sense of accomplishment of running your own business make the challenges well worth it.

Construction 74

Construction bookkeeping account accountant 74

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 accounting firms 98

Randal DeHart

OCTOBER 7, 2022

Construction contractors like you are primarily in the "Hurry Up" and "Wait" zone. Hurry up and answer the call from the customer. Wait to make the appointment. Hurry up and get to the job. Wait for the customer to come home, to be available. Hurry up and create the proposal. Wait for a decision.

Construction 79

Construction Start-ups 79

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.

Real Estate 52

Real Estate Construction Transportation New York 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 74

Construction bookkeeping account accountant 74

Randal DeHart

NOVEMBER 18, 2022

Is it time for your construction business to invest in some new equipment? Your construction business is expanding at a fast rate. - And if so, is it a more brilliant business decision and cost-effective to rent or buy? Black Friday, followed by Cyber Monday, is coming.

Construction 77

Construction tax 77

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 tax 89

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.

bookkeeping 75

bookkeeping Construction account accountant 75

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.

Construction 75

Construction payroll tax payroll bookkeeping 75

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 89

Construction accounting and finance bookkeeping account 89

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.

Construction 73

Construction bookkeeping account accountant 73

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 tax 87

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.

Construction 68

Construction bookkeeping account accountant 68

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.

Construction 73

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.

Construction 76

Construction tax preparation quickbooks tax accountant 76

Randal DeHart

MAY 27, 2022

The use of technology in construction has come a long way. Many articles have already been written about how construction has been sluggish in adopting new advancements in technology compared to other business sectors.

Construction 75

Construction Technology 75

Intuitive Accountant

AUGUST 10, 2022

Pairing the mobile construction management app with the proven native cloud accounting platform helps construction businesses streamline service operations.

Construction 93

Construction account accountant accounted 93

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. Supplies cost more, employees are hard to find, and your profits are shrinking. This can lead to operating at a loss - spending more money than you make.

Construction 78

Construction bookkeeping account accountant 78

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.

payroll 75

payroll Construction bookkeeping account 75

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.

forensic accounting 52

forensic accounting Construction account accountant 52

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? It also means there's an established community for your services. If no one else is offering the service, there's a chance there's no market for it.

Construction 72

Construction 72

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.

Construction 77

Construction bookkeeping bookkeeping services account 77

Randal DeHart

JULY 22, 2022

A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. Another reason to keep a proper Construction Contractor Bookkeeping System is to be sure you did not overpay a supplier or subcontractor, cell phone, the internet, liability insurance, vehicle insurance, and more.

accounts payable 77

accounts payable bookkeeping Construction account 77

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.

Construction 84

Construction tax payroll Sales 84

Randal DeHart

NOVEMBER 25, 2022

Depending on the nature of your construction business, you may have workers who are employees or contractors, or you may have both. Each has its merits, but it's important to review which are to meet your tax obligations. The reality is that as a small business owner, you do not have to hire employees.

Construction 79

Construction payroll tax income tax payroll 79

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.

Construction 82

Construction Non-Profits bookkeeping account 82

Randal DeHart

AUGUST 12, 2022

You build your construction business, hire a few employees, and things tick along pretty well. Payroll is one of those things that starts quite simple. It’s straightforward enough to keep everything in line at first, but what happens to most companies is that they grow!

payroll 74

payroll Construction payroll tax bookkeeping 74

Intuitive Accountant

SEPTEMBER 12, 2022

Sage's Dustin Stephens goes inside how the new Sage Field Operations Integration with Sage Intacct Construction is helping today's construction financial professionals.

Construction 52

Construction 52

PYMNTS

DECEMBER 28, 2020

In the construction industry, the ERP is especially valuable considering the complex network of collaborators, and subsequent high volume of data, involved in a single project. From managing subcontractors to coordinating with insurance firms to paying employees, data sits at the heart of every construction project. "I

Construction 111

Construction payroll accounting and finance audit 111

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. I think construction firms have come a long way in offering more inclusion between their male and female team members, but I am sure there are still gaps, especially in smaller companies.

Construction 105

Construction tax accountant Entertainment tax 105