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Practical reading for
owner decisions
Tax, accounting, and transition guidance written for owner-led companies in Idaho and Utah.
A Review of Inventory Accounting for Construction Companies
Many construction businesses reach a point in their growth when they decide to maintain inventories. They might keep on hand items such as building materials, supplies, personal protective…
View DetailsWhat Expenses are Tax-Deductible for Construction Businesses?
Construction Businesses Running a construction business in Idaho comes with its share of expenses. Understanding which costs are tax-deductible can not only improve cash flow but also position…
View DetailsConstruction Accounting: What is a WIP Report?
There is an art to being able to efficiently run an advanced construction business. Between securing construction jobs, ordering materials, organizing revenue and expenses, and managing different teams…
View DetailsConstruction Accounting GAAP
Throughout the construction business, there are certain accounting practices that are used in order to keep accurate financial records in this complex industry. Generally Accepted Accounting Principles (GAAP)…
View DetailsCash Flow Management Fundamentals for Construction Businesses
Construction companies have always faced challenges when it comes to cash flow. The difficulty largely springs from the often-lengthy gaps between winning projects, doing the work and receiving…
View DetailsBenefits of a Construction CPA
The construction industry is a complex and challenging field that requires not only technical expertise but also sound financial management. Whether you’re a contractor, builder, or developer, managing…
View DetailsHow To Avoid Profit Fade in Construction
How to Avoid Profit Fade “Don’t settle for second best!” Just about everyone has encountered this phrase in various commercials and ad campaigns over the years, and it’s…
View DetailsHow construction businesses can better manage their money
For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs,…
View Details6 Ways Construction Companies Can Strengthen Cybersecurity
Some contractors might assume hackers won’t bother with smaller construction businesses. Sadly, they’d be wrong. Construction companies tend to have high turnover rates, which means they store lots…
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