by VGSCNAdmin | Feb 25, 2025 | Blog, Construction
The construction industry has made great strides in overcoming the outdated perception that it’s rife with corruption. Unfortunately, the fact remains that contractors lose hundreds of thousands of dollars a year to occupational fraud. As formally defined by the...
by VGSCNAdmin | Feb 25, 2025 | Blog, Construction
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 equipment and tools. Maybe yours already does. A construction company’s tax...
by VGSCNAdmin | Dec 22, 2024 | Blog, Construction
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 your business for greater financial success. Forgetting to deduct important...
by VGSCNAdmin | Oct 22, 2024 | Construction
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 – construction businesses have a lot on their plate. As with...
by VGSCNAdmin | Oct 22, 2024 | Construction
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) for construction accounting is a framework for...
by VGSCNAdmin | Oct 2, 2024 | Construction
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 payments. As a result, it’s critical for construction business owners and...
