The fourth quarter of 2015 has arrived. Now is a good time to consider your construction company’s tax liability and take the necessary steps to minimize it. As usual, the year has brought some changes to the tax laws. But at the same time, as of this writing, there’s also been no congressional action on various tax law “extenders” that may affect businesses. As we await clarity, here are some key points to keep in mind.
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Topics: Construction, Tax, Uncategorized
Should You Add Life-Cycle Costing to Your Portfolio of Construction Services?
Posted by bgoricki on Oct 6, 2015 4:46:59 PM
Today’s construction companies do more than just build things; they can be information providers. A prime example of this is a contractor’s role in a process called life-cycle costing (LCC). Read on and consider whether your business might want to add LCC analysis to its portfolio of services.
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Topics: Accounting, Construction, Uncategorized
Gamification Plays Well in Construction Employee Training
Posted by bgoricki on Oct 6, 2015 4:34:43 PM
“Gamification” is a perhaps odd word that’s gained acceptance in business circles recently. In its most general sense, the term refers to integrating characteristics of game-playing into business-related tasks as a way to excite and engage the people involved. Does the concept have a place in the construction industry? More than likely, the answer is “yes.”
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Topics: Accounting, Construction, Uncategorized
Construction Success Story: Contractor Leverages Public Relations to Raise Her Small Company’s Profile
Posted by bgoricki on Oct 6, 2015 4:25:56 PM
A suburban remodeling contractor believed she was too often missing opportunities to bid on jobs well suited to her company. She asked her financial advisor how she might raise her public profile without wasting precious time and dollars on fruitless marketing efforts. They came up with an affordable, effective way to get her noticed.
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Topics: Construction, Tax, Uncategorized
Does Your Business Qualify for the Tangible Property Tax Deduction?
Posted by bgoricki on Aug 5, 2015 9:35:14 AM
While you’ve likely heard plenty about the Tangible Property Final Regulations issued by the IRS in 2013, it’s worth taking a second look because several of the revisions could have a real impact on your business this year and beyond.
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Topics: Construction, tangible property tax deduction, Uncategorized
Atlanta’s Real Estate Development: From Our View - Downtown, Midtown, West Midtown and Buckhead
Posted by bgoricki on Jul 31, 2015 2:03:05 PM
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Topics: Buckhead, Advisory, Atlanta, Construction, Downtown, Georgia Dome, Midtown, Real Estate Development, Uncategorized, West Midtown
When he first established his business, a concrete contractor found it easy to manage timesheets and payroll. His few employees could fill out their timesheets by hand, and the company’s office assistant could manually enter the numbers into the accounting system.
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Topics: Construction, Uncategorized
Could operational visibility reveal a brighter future for contractors?
Posted by bgoricki on Jul 17, 2015 9:54:21 AM
Most business owners, including contractors, likely believe they have a pretty clear vision of their operations. But the hectic struggles of running a company could quite understandably narrow your viewpoint to only the problems directly in front of you. In turn, your awareness of other aspects of your business may blur. One way to manage the risks of such a predicament is through the concept of operational visibility.
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Topics: Construction, Uncategorized
Every contractor knows it: the more accurate a job estimate, the better the chances of completing a job within budget and realizing your anticipated profit. And so it follows that, the more thorough and systematic your estimating process, the better your estimates will be. For this reason, every construction company should create a standard structure for its estimates.
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Topics: Construction, Uncategorized
Some construction companies buy and maintain large fleets of equipment. Others choose to lease these assets and, in some cases, purchase select pieces at the end of the arrangement. Still others opt to rent what they need, for only as long as they need it.
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Topics: Construction, Uncategorized