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    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 […]

    5 years ago, by
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    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 […]

    5 years ago, by
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    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 […]

    5 years ago, by
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    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, […]

    5 years ago, by
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    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 […]

    5 years ago, by
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    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. […]

    5 years ago, by
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    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 […]

    6 years ago, by
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    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. […]

    6 years ago, by
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    What is PTO in Construction?

    Traditionally in construction, employers offer separate paid time off benefits to employees which including paid vacation, sick leave and personal days. However, in the past decade, many employers in our industry have moved to a Paid Time Off or […]

    6 years ago, by
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    Employment-Based Tax Credits Are a Big Win for You and Job Seekers Alike

    By Shane M. Finn and Christopher Marrie With the cost of doing business constantly on the rise and as it becomes more difficult to find quality employees, there is no better time to pursue employment-based tax credits. There are […]

    6 years ago, by
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    What’s fair for time off before and after a natural disaster?

    When a natural disaster strikes there is often a significant amount of uncertainty regarding how to handle absenteeism related to the natural disaster. Before hurricane Irma slammed South Florida, many residents chose to evacuate the area rather than stay […]

    7 years ago, by
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    More Volume Does Not Mean More Profit

    The DBIA, in a publication titled “ Design Build Done Right”  , define project delivery as “a comprehensive process including planning, design and construction required to execute and complete a building facility or other type of project.” Choosing a […]

    7 years ago, by
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