Many companies reach a point in their development where they have to make an important decision: Innovate themselves or acquire a competitor? Of course, it isn’t always an either/or decision. Nonetheless, business owners should consider the pluses and minuses of both approaches.
Topics: technology, Innovation, Uncategorized
A residential builder in a fast-developing area had seen his business grow substantially for the past few years. He hired more employees, expanded his fleet of equipment and even redesigned the signage on his job sites. One morning, his longtime bookkeeper asked to meet with him. She said she was glad to see him investing in the business but wondered whether he might turn his attention from the field to the office.
Topics: Accounting, accounting software, Construction, Uncategorized
Preventing accidents and promoting safe practices on jobsites are among the highest priorities of any responsible contractor.
Topics: Advisory, Construction, construction policies, contractor safety, Uncategorized
With a few months left to go in 2016, it’s a good time for contractors to consider their tax situations for the year and to take steps that may help reduce their prospective tax liability. Notably, the passage of the Protecting Americans from Tax Hikes (PATH) Act of 2015 extended or made permanent a number of breaks with the potential to provide significant savings.
Topics: Construction, contractor, Tax, Tax Breaks, Tax Planning, Uncategorized
Once a project is underway, it’s easy to focus on other tasks rather than the actual numbers. But job cost reporting — the process of coding and allocating project expenses to track financial efficiency and profitability — is a mission-critical activity. Here are a few best practices to keep in mind.
Topics: Accounting, Construction, contractor, job cost reports, Uncategorized
Amid continuously increasing competition and growth within the restaurant industry, restaurant operators often find themselves actively searching for ways to boost average unit volume and same store sales. Offering gift cards has proven an effective strategy for attracting new customers and driving sales, as they’ve become an increasingly popular purchase for consumers. According to the NRF’s 2016 Mother’s Day Spending Survey, 43.2 percent of Americans said they planned to give a gift card for the holiday, averaging $2.2 billion. Not only are gift cards convenient for both their purchasers and redeemers, but they essentially provide restaurants with free advertising via word-of-mouth and customer referrals.
Topics: Accounting, Hospitality, Hospitality Industry Accounting, Uncategorized
In 1943, psychologist Abraham Maslow set out his “hierarchy of needs.” This theory suggested that human behavior is a response to a variety of needs ranging from physical survival to self-actualization.
Topics: Uncategorized
Tax relief opportunities for owners of real estate can be found in unexpected places—from parking lot striping to lobby renovations and LEED improvements. In this article, we tackle some of the finer points of the repair and maintenance (R&M) regulations available to taxpayers. As you read, consider the types of R&M you may have performed or anticipate performing on your property, and see if we can help you take advantage of tax savings.
Topics: R&M, real estate, repair and maintenance, Tax, tax savings, Uncategorized
Integra Realty Resources (IRR) has released its mid-year report on Atlanta’s industrial and office markets, and the news is positive. Employment continues to improve, the real estate market is flourishing – especially intown – and the movie industry continues to boost Atlanta tourism. The outlook for the Atlanta industrial market is also strong with higher rents, lower vacancies and positive absorption.
Topics: Atlanta real estate, integra, market report, real estate, Uncategorized
The upcoming presidential election has put some economic issues front and center, and one of them is the reshoring of jobs that were sent to other countries years ago to save companies manufacturing costs and – in some cases – taxes. In fact, over the past 30 years, the U.S. manufacturing industry has experienced the loss of three to four million jobs. While reshoring is gaining in momentum, it’s useful to look at the trends so see how many jobs are coming back to the U.S. and, in particular, to Georgia.
Topics: offshoring, manufacturing, manufacturing trends, U.S. manufacturing, Uncategorized