How often do you think about your taxes? Although the “due” months differ slightly for Corporations, Partnerships, and Sole Proprietors, we find that there are generally only three answers to the question of when owners and management of construction companies consider taxes. They are: In the month they are due, when dread, fear, and complete panic set in. A month or two before they are due when their tax preparer sends out notices to book an appointment. (Leaving little time

“Overhead schmoverhead! Who cares?” Your profits  care.  Your cash flow  cares. And if you want to stay in business long-term, you   should too . Most contractors understand what profit is and why cash flow matters. However, the critical junction of the two often gets overlooked: your overhead and how you allocate it when pricing jobs. Overhead isn’t just a number your accounting professional tracks. It’s a real cash eater  if it’s not adequately accounted for—and it directly

We’re exploring the difference between being profitable on paper and having cash available. It’s About Those Apples Do you remember those long-ago lessons concerning addition and subtraction where you were told you had ten apples and asked if you gave four apples to your friend, how many would still be in your possession? Recall it was about the plus (+) or the minus (-) and the equals (=).  In today’s lesson, boys and girls, the question is, “If you have ten apples and promi

Talking About Construction Industry Robots You know about these “robots”: they’re all about technology. From drones to robotic PPE,...

This is the second part of a five-part series; if you haven't read the first part yet, you can go here. Discern Your Numbers I asked...

With Christmas only a few days away and New Year celebrations following soon after, we thought it was an excellent time to offer a list...