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Contractors Have Options When it Comes to Financing

By Alicia Rader, CPA, Manager, Audit and Other Assurance Services and Member of the Construction Services Group and Tim Ayler, CPA, Partner, Audit and Other Assurance Services and Team Leader of the Construction Services Group Relying on credit to cover lean times during projects or payment delays should not be a habit. But, for many construction ...

Ensure Your Construction Company’s Existence with a Buy-Sell Agreement

Tim Ayler, CPA | Partner, Audit and Other Assurance Services and Team Leader of the Construction Services Group The very existence of a business could be jeopardized by an ownership change. That is why a buy-sell agreement should play a key role in every contractor’s succession plan. Have you considered how to handle the departure, expected ...

Contractors Shouldn’t Ignore the Research and Development Tax Credit

By Brandon Cook, CPA | Partner, Team Member of the Construction Services Group It’s no secret that margins and cash are tight for small to medium-sized businesses, especially contractors. Another basic truth is that no one likes writing tax checks to the federal or state government. While paying taxes is a fact of life, the federal government ...

Maximize Your Fuel Economy

by Felicia Rupp and Tim Ayler, CPA | Team Members of the Construction Services Group   The increase in fuel prices in the last several years has had a great impact on commerce. As the prices at the pump have gone up, so too have the prices of almost everything else. However, there are things that can be done to lessen the strain your company is ...

Lean Construction

By Alicia Rader, CPA, Manager | Tim Ayler, CPA, Partner Team Members of the Construction Services Group What comes to mind when you hear the word ‘lean’? Is it a fit person or a certain cut of beef? What about when you hear the words ‘lean construction’? The lean production concept has flourished in the manufacturing industry ...

What Do Sureties Look For in a Contractor?

By Tim Ayler, CPA, Partner and Shaun King, Audit Senior | Members of the Construction Services Group   As the economy slowly begins to stabilize, so too is the construction industry. In turn, more contractors will be in demand for work. To help obtain this work, contractors across the state are relying on surety bonds. A surety bond is a guarantee ...

Can Donating Inventory Provide a Tax Break?

by Tim Ayler, CPA | Partner and Director of the Construction Services Group As the year end approaches, many companies are beginning to worry about paying taxes and begin looking for those tax deductions that are not obvious to them. This is about the time when I usually get a question about donating inventory as a tax deduction, and whether it would ...

Financial Reporting for Construction Companies

By Tim Ayler, CPA, Partner, Director of Construction Services Group | Alicia Rader, CPA, Manager, Construction Services Group Financial reporting on an executive level and project level is essential for a construction company to stay afloat and thrive. Executive-level reports provide an overall picture of the company’s financial situation while ...

Red Flags in Contractors Financial Statements

by Tim Ayler, CPA, Partner, Director of the Construction Services Group and Brian Enright, CPA, Member of Construction Services Group In general, contractorsí financial statements and job schedules look very different than they did a few years ago. Few contractors came away from the initial downturn in the economy unscathed, and are now feeling ...

Change Order Considerations

by Tim Ayler, CPA, Partner, Director of the Construction Services Group | Shaun King, Member of the Construction Services Group Every day people make plans that donít go exactly as planned. For those in the construction business, adjustments to plans arenít always as simple as making a phone call or switching a schedule. Many times, for a contractor ...