• Compare Your Similarities to Better Define Your Differentiators

    Construction is a unique yet truly diversified industry, because no two companies can be exactly the same. Though companies compete in the same market segments with one another, the make-up of leadership, staff and the overall business model will […]

    2 months ago, by
  • Paycheck Protection Program (PPP) Loan Forgiveness FAQ

    Dear FLCC Subscribers, According to SBA.gov, 466,221 construction-related firms received a total of $64,568,137,994 in Paycheck Protection Program loans representing 12.38% of the overall loan program.  For the most part, we have heard companies using their PPP monies responsibly. […]

    3 months ago, by
  • Construction Accounts Payable – More than the Bottom Line

    Depending on the size of a firm in the construction industry, the accounts payable job may be a stand-alone role, or it may fall under the responsibilities of an Accounting Manager, Controller, Office Management or even the owner of […]

    8 months ago, by
  • How to Create More Personal Responsibility to Bring Security to Your Future

    Last Monday night, Tucker Carlson invited Former FEMA Chief Brock Long onto his television show to discuss the Federal Government’s capabilities and limitations with respect to COVID-19 relief. Mr. Long spoke of the many natural disasters weighing on our […]

    10 months ago, by
  • Different Fiscal and Tax Years to Maintain Employees

    Your business fiscal year is almost always your tax year, but it doesn’t have to be, and there are many benefits in the construction industry to having them end in different quarters. This is particularly true with respect to […]

    1 year ago, by
  • What Does Your CPA have to Do with Staffing?

    In December 2018, we wrote an article entitled “Say Yay or Nay to Your CPA”. We asked the question, “Does your CPA firm offer you a single point of contact that stays in touch to understand your current volume, business […]

    1 year ago, by
  • The Daily Road Trip

    According to the American Automobile Association, the national average price of gasoline is currently $2.66.  According to Kelly Bluebook, the average cost of a new truck in America is $40,000, and of a new car, $36,000.  Tires are said […]

    2 years ago, by
  • Three Compensation Points to Ponder

    While the construction industry witnessed a decline in job starts towards the end of 2018, they are rising again as we approach the half-way mark of 2019.  According to AGC and Chief Economist Ken Simonson, construction employment continues to rise, […]

    2 years ago, by
  • Maintaining Your WIP to Prevent Profit Fade

    Profit Fade "Profit Fade" occurs when jobs close with lower gross profits than was originally estimated. This often occurs when companies do not maintain Work in Progress Reports (W.I.P.s).  The W.I.P. is a tool that shows estimated gross profits [...]
    2 years ago, by
  • Yay or Nay to Your CPA?

    While working with my CEO coach in 2015, he suggested we make it a point to review our working relationship with our current CPA firm. Our CPA firm at the time had worked with us for over a decade. […]

    2 years ago, by
  • Are You Overhead?

    The majority of construction companies in America have all but the necessary few employees costed to projects. Executive, Estimating, Safety, Accounting, General Administrative, Human Resources, and Business Development are typically the roles that may be overhead or only partially […]

    3 years ago, by
  • Cost Accumulation and Management

    by Christopher T. Marrie, HBK CPAs & Consultants Cost accumulation and management is critical to a strong financial reporting system in any industry. For construction contractors of any size it is one of the most essential functions of the business. […]

    3 years ago, by
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