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Construction Company Contract Traps And The Advantages Of Legal Help

Randal DeHart

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. That's why you need legal help.

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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. These can lead to legal liability and fines.

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A No-fuss Record-keeping Guide For Your Construction Business

Randal DeHart

This is a mark of professionalism and can also help if you have an insurance or legal claim. Keeping all your working documents in order shows that you treat your business, customers, and subcontractors responsibly.

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Construction Accounting Concepts You Can Benefit From Today

Randal DeHart

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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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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ITC is ineligible in relation to construction work of immovable property which is further let out

VJM Global

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.

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Bookkeeping Tips for Construction Businesses

Steve Feinberg

Running a construction business isn’t like running other goods or services-centered businesses. Here are a few bookkeeping tips from the professionals at AppleTree Business Services for construction companies. Why Is Bookkeeping Important for the Construction Business? Construction Bookkeeping Tips.