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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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ADP Adds HCM Solution for Construction Industry

CPA Practice

Payroll, HR, and benefits software provider ADP has launched a human capital management solution specifically for the unique needs of construction firms. In addition, an uncertain economy makes it harder for construction firms to manage material and labor costs. Manage and assign union wages and benefits.

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Construction Executive Names Withum in Annual Top Firm List

Withum

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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Building a Strong Future: Succession Planning Options for the Construction Industry

Withum

It is estimated that only 30% of construction companies survive after the founder dies, and that number drops to 20% through the third generation. The purpose of this article is to provide a high-level overview of the various alternatives that construction businesses can consider as transition becomes a key factor to their survival.

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Construction Industry Tax Planning Tips for 2023 Year-End

Anders CPA

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.

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New Home Construction Surges, Beats Expectations

CPA Practice

housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel economic growth. Beginning home construction jumped 21.7% Applications to build, a proxy for future construction, climbed 5.2% Single-family homebuilding rose 18.5%

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Don’t Let Your Industry Be Your Fraud Risk

RogerRossmeisl

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.