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CMiC issues new Construction Industry Survey

Insightful Accountant

If you are a ProAdvisor, Consultant, or Accountant wanting to support construction businesses as they digitally transition, you won’t want to miss this survey, which will provide valuable insights into the industry.

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Construction contractors and sales tax

TaxConnex

Construction contractors have a tough job these days, given labor shortages, supply-chain headaches and mushrooming regulation. Generally, a business in the construction industry is performing a service, and most services are excluded from sales and use tax. Lump-sum and separated (itemized) contracts.

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Cash Flow Strategies for Construction Firms

GrowthForceBlog

Key Takeaways Improving Cash Flow for Construction Businesses: About 90% of construction jobs go over budget. In construction, you must keep track of your direct materials, direct and indirect labor, and other indirect expenses (operating costs). 6 min read July 9th, 2024 Cash flow is the lifeblood of every business.

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Improving Construction Communication And Workplace Productivity

Randal DeHart

In today's fast-paced construction industry, staying in touch and being productive is crucial for project success. One of the most impactful ways technology has improved construction communication is through user-friendly mobile applications and project management software.

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Preventing Fraud in your Construction Company

RogerRossmeisl

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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The Importance Of Having A Contingency Plan For Construction Contractors

Randal DeHart

In the construction industry, unexpected challenges can arise at any moment. That's why a contingency plan is crucial for construction contractors. Small construction businesses need to be prepared for a range of scenarios. Would your staff know what to do? Would your staff know what to do? Would you be able to keep working?

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The Top KPIs for Construction Firms

GrowthForceBlog

This means each dollar spent on labor must generate an adequate ROI to justify the expense… Improve Performance With Outsourced Accounting: At GrowthForce, we specialize in working with clients who run service-based businesses such as construction firms in the AEC industry…